Business
Chairman's AGM Statement - September 2021
Chairman's AGM Statement - September 2021.
About this update from Anglesey Mining Plc
[{"type":"text","content":"\n \n Trading Symbol\n LSE: AYM\n 30 September 2021\n Anglesey Mining plc\n (“Anglesey” or “the Company”)\n Chairman’s AGM Statement – Outlook remains positive for metal prices\n Anglesey Mining plc (LSE:AYM), the UK minerals exploration and development company, is pleased to release the Chairman’s Statement at the Annual General Meeting of Shareholders held in London today, which highlights the drivers behind the Company’s positive outlook for metals prices.\n \n Highlights\n \n \n Strength in metal prices over the last 12-months has been driven by electrification, decarbonisation and global commitments to build new, or replace, critical infrastructure\n Metals and minerals are essential for addressing climate change and are critical components for governments around the world to hit their green economy targets\n The current environment provides a unique opportunity for the Company’s Parys Mountain project, with work to commence shortly on feasibility study activities including infill drilling the White Rock Zone and completing geotechnical and metallurgical testwork\n The results of these work programmes will flow into the updated mine plan and permitting activities\n \n \n Jo Battershill, the CEO & Managing Director of Anglesey Mining, commented: “With today’s AGM Statement, the Chairman of Anglesey Mining has explained very clearly why the Parys Mountain and Grängesberg assets will most definitely play a part in the supply of minerals for adapting to a green economy. \n We have recently hosted visits to Parys Mountain with the Ynys Môn MP, Mrs Virginia Crosbie and a senior member of the North Wales Minerals and Waste Planning Service to discuss and promote our plans for the project and the broader community. We continue to believe Parys Mountain is positioned very strongly and has all the hallmarks of a highly cash generative mine development with a long life.\n Initial work programmes are now being planned and will include infill drilling to convert inferred resources within the White Rock and Engine Zones into the higher confidence indicated category together with geotechnical drilling to assist with mine optimisation planning and provide bulk samples for confirmatory metallurgical testwork. We are also targeting a start to the environmental baseline studies as soon as possible.\n As disclosed in the recently pub...