Anglesey Mining plc
Half yearly report for the six months
to 30 September 2018
Chairman’s Statement and Management
Report
In our most recent Annual Report to shareholders, issued in
July, I commented that metal prices had softened somewhat during
2018 but that there was a strong expectation of a continued
positive outlook for base metals, particularly for zinc and copper.
Despite the current geopolitical uncertainty caused by fears of
trade wars and tariffs, that general prognosis still holds and we
continue to maintain a positive outlook for all these metals.
The recently announced Project Development and Cooperation
Agreement entered into with QME Mining Technical Services, a
division of QME Ltd, (“QME”) is a very important and positive step
forward in the advancement of the Parys Mountain copper, zinc,
lead, gold and silver project, located on the island of Anglesey in
North Wales. (See Anglesey Mining
plc News release 26 November
2018).
QME is experienced in underground mine development and has
developed and recruited the necessary skills in mine planning to
deliver local and relevant mining expertise to assist Anglesey to
progress the Parys Mountain project at no direct cash cost to
Anglesey or dilution of its shareholders.
Under the Agreement, QME will, at its own cost, carry out an
agreed programme of design, engineering and optimisation studies
relating to the future development of Parys Mountain. This
will enable Anglesey to complete this work without additional cash
commitment.
Anglesey has granted QME various rights relating to the future
development of Parys Mountain. On completion of the optimisation
study Anglesey will award QME, on an exclusive basis, contracts for
the development of the decline and underground mine development,
including rehabilitation of the shaft, and in addition, will grant
QME the right and option, upon completion of a Prefeasibility
Study, to undertake at QME’s cost and investment, the underground
development component of Parys Mountain, with a scope to be agreed,
to the point of commencement of production, in consideration of
which QME would earn a 30% undivided joint venture interest in the
Parys Mountain project. If exercised, this would represent a
significant portion of the capital cost of the project and could be
considered to be a major equity contribution in any future
financing package.
Parys Mountain - Path towards
Production
We have continued to review the results of the 2017 Scoping
Study on Parys Mountain with the objective of enhancing the
economics of the project to attract the capital financing necessary
to achieve our target of getting the Parys Mountain Mine into
production at the earliest date possible. The 2017 Scoping Study by
Micon International Limited and Fairport Engineering Limited
recommended further work as interim steps towards undertaking a
Feasibility Study, including more detailed mine planning and
design, more engineering studies, additional metallurgical test
work and a review of tailings management and environmental and
planning permissions, all of which require new and further
financing.
The Project Development and Co-operation Agreement with QME
Mining Technical Services will see the completion of a substantial
part of the recommended further work on mine planning and design
and project optimisation. The 2017 Scoping Study was based on
mining only the 2.1 million tonnes of indicated resources reported
by Micon in 2012. Micon had reported a further 4.1 million tonnes
of inferred resources which were not incorporated into the Scoping
Study. Development of even half of these inferred resources would
significantly increase the projected life of the Parys Mountain
mine with potential positive outcomes on the project economics.
The Development Agreement with QME will examine a revised mine
model with the objective of incorporating some of the inferred
resources, including part of the higher-grade Engine Zone inferred
resources, into the earlier years of the mine plan with the
intention of increasing the life of the mine to at least 10
years.
The 2017 Scoping Study was based on the initial development and
production from the White Rock
zone using a newly developed decline eventually leading to
development of the deeper Engine zone and then the rehabilitation
and use of the Morris Shaft as a hoisting facility. The QME
programme will examine whether different approaches to accessing
the orebodies, particularly by the early dewatering, rehabilitation
and recommissioning of the Morris Shaft, could speed up access to
the higher-grade Engine zone resources. This should have a
beneficial effect upon both the net present value of the operation
and the pay-back period.
It is expected that these optimisation studies will be completed
by the middle of 2019 and, subject to financing being available,
would then form the basis for commissioning of a Preliminary
Feasibility Study to lead to an overall project financing package.
In the meantime, we will continue to maintain our mineral interests
in good standing. We have confirmed that our current planning
consents remain in good order and we will make the appropriate
preparations for those further environmental baseline studies that
will be required as part of the expected Preliminary Feasibility
Study. We will also continue to discuss concentrate and metal sales
with brokers, traders and smelters as part of both the longer-term
financing plan and as inputs to the future studies.
Iron Ore
Iron ore prices have continued to grow steadily if not
spectacularly during 2018 and currently 62%Fe ore is trading at
just under $75 per tonne. The
premiums for higher grade ore have weakened slightly but still
provide an exceptional differential over the 62% Fe basis. This
slow but steady growth period represents some consolidation after
fairly erratic trading during the last five years and could herald
the beginning of a more mature and financeable market.
Grangesberg
Anglesey continues to manage the Grangesberg iron ore project in
Central Sweden though these
activities have been kept at a minimum level while product prices
have remained low. However, the greater maturity of the market
coupled with some increase in price, the continuing premiums
expected for premium product, and importantly the announcement by
LKAB that its flagship Kiruna project in northern Sweden will have a shorter life than
originally planned, makes the interest in developing the
Grangesberg project albeit at significant capital cost much more
likely. We continue to support Grangesberg and recognise that it is
likely that further external partnerships will be required to raise
the capital required for full development.
Labrador
The group continues to hold a 12% interest in Labrador Iron
Mines Limited which owns extensive iron ore resources and
facilities in the Schefferville
area of Labrador and Quebec in Canada. These resources are kept on a stand-by
care and maintenance basis and subject to financing are positioned
to resume operations as soon as economic conditions warrant.
Operations
As always, we have kept our corporate and operating costs at the
lowest level consistent with maintaining our assets in good order.
We will maintain this policy going forward but costs will increase
once a feasibility study is commissioned on Parys Mountain and as
activity is resumed on our iron ore properties.
Financial results
The group had no revenue for the period. The loss for the six
months to 30 September 2018 was
£137,117 (2017 - £167,186) and the expenditures on the mineral
property in the period were £25,755 compared to £65,943 in the
comparative period when there were additional expenses in respect
of consultants’ fees. Net current assets at 30 September 2018 were £7,874 compared to £91,033
at 31 March 2018. Further funding
will be required for continuing expenses as well as the maintenance
and development of the group’s mineral properties. A substantial
amount of work on mine planning and project optimisation at Parys
Mountain will be completed at no cost to Anglesey under the Project
Development Co-operation Agreement with QME Technical Services.
Outlook
We remain confident that demand for metals will remain strong
and the outlook for commodity prices will remain positive for the
foreseeable future. There will be occasional pressures on price by
external geopolitical forces but the underlying growth of the
emerging industrialised nations particularly China will support demand growth in the longer
term.
On that basis we look to move Parys Mountain forward in a
planned and sequential manner, firstly through optimisation studies
to determine the best development plan and then advancing through
feasibility for raising the necessary finance. We will also
continue to review the commercial and development opportunities for
our iron ore projects and look for other new opportunities as they
present themselves.
I would like to thank the current directors for their continuing
diligence and support in moving the Parys Mountain mine project
forward and again thank shareholders for their continued confidence
and patience.
John F Kearney
Chairman
29 November 2018
Unaudited condensed consolidated
income statement
|
|
Notes |
Unaudited six months ended 30 September 2018 |
Unaudited six months ended 30 September 2017 |
All
operations are continuing |
|
£ |
£ |
|
Revenue |
|
- |
- |
|
Expenses |
|
(57,477) |
(78,100) |
|
Equity-settled
employee benefits |
|
- |
(9,324) |
|
Investment
income |
|
52 |
56 |
|
Finance
costs |
|
(79,719) |
(79,954) |
|
Foreign exchange
movement |
|
27 |
136 |
|
|
|
|
|
Loss before tax |
|
(137,117) |
(167,186) |
|
|
|
|
|
|
Taxation |
8 |
- |
- |
|
|
|
|
|
Loss for the period |
7 |
(137,117) |
(167,186) |
|
|
|
|
|
|
Loss per
share |
|
|
|
|
Basic - pence
per share |
|
(0.1)p |
(0.1)p |
|
Diluted - pence
per share |
|
(0.1)p |
(0.1)p |
|
|
|
|
|
Unaudited condensed consolidated
statement of comprehensive income
Loss for the period |
|
(137,117) |
(167,186) |
|
|
Other comprehensive
income |
|
|
|
|
|
Items
that may subsequently be reclassified to profit or loss: |
|
|
|
Exchange
difference on
translation of foreign holding |
|
(21,265) |
21,155 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive loss for the period |
|
(158,382) |
(146,031) |
|
|
|
|
|
|
|
All attributable to equity holders of the company
Unaudited condensed consolidated
statement of financial position
|
|
Notes |
Unaudited 30 September 2018 |
Audited 31 March 2018 |
|
|
|
£ |
£ |
Assets |
|
|
|
|
Non-current
assets |
|
|
|
|
Mineral property
exploration and evaluation |
9 |
15,136,896 |
15,111,141 |
|
Property, plant
and equipment |
|
204,687 |
204,687 |
|
Investments |
10 |
86,660 |
86,660 |
|
Deposit |
|
123,279 |
123,227 |
|
|
|
|
|
|
|
|
15,551,522 |
15,525,715 |
|
|
|
|
|
|
Current
assets |
|
|
|
|
Other
receivables |
|
18,014 |
19,790 |
|
Cash and cash
equivalents |
|
57,537 |
137,113 |
|
|
|
|
|
|
|
|
75,551 |
156,903 |
|
|
|
|
|
|
|
|
|
|
Total assets |
|
15,627,073 |
15,682,618 |
|
|
|
|
|
Liabilities |
|
|
|
|
Current
liabilities |
|
|
|
|
Trade and other
payables |
|
(67,677) |
(65,870) |
|
|
|
|
|
|
|
|
|
|
|
|
|
(67,677) |
(65,870) |
|
|
|
|
|
|
Net current
assets |
|
7,874 |
91,033 |
|
|
|
|
|
|
Non-current
liabilities |
|
|
|
|
Loans |
|
(3,644,266) |
(3,543,236) |
|
Long term
provision |
|
(50,000) |
(50,000) |
|
|
|
|
|
|
|
|
(3,694,266) |
(3,593,236) |
|
|
|
|
|
Total liabilities |
|
(3,761,943) |
(3,659,106) |
|
|
|
|
|
|
|
|
|
|
Net assets |
|
11,865,130 |
12,023,512 |
|
|
|
|
|
Equity |
|
|
|
|
Share
capital |
11 |
7,286,914 |
7,286,914 |
|
Share
premium |
|
10,171,986 |
10,171,986 |
|
Currency
translation reserve |
|
(63,286) |
(42,021) |
|
Retained
losses |
|
(5,530,484) |
(5,393,367) |
|
|
|
|
|
|
|
|
|
|
Total
shareholders' funds |
|
11,865,130 |
12,023,512 |
|
|
|
|
|
All attributable to equity holders of the company
Unaudited condensed consolidated
statement of cash flows
|
|
Notes |
Unaudited six months ended 30 September 2018 |
Unaudited six months ended 30 September 2017 |
|
|
|
£ |
£ |
Operating activities |
|
|
|
|
Loss for the
period |
|
(137,117) |
(167,186) |
|
Adjustments
for: |
|
|
|
|
Investment
income |
|
(52) |
(56) |
|
Finance
costs |
|
79,719 |
79,954 |
|
Equity-settled
employee benefits |
|
- |
9,324 |
|
Foreign exchange
movement |
|
(27) |
(136) |
|
|
|
|
|
|
|
|
(57,477) |
(78,100) |
|
Movements in
working capital |
|
|
|
|
Decrease/(increase) in receivables |
|
1,812 |
(10,636) |
|
Increase/(decrease) in payables |
|
694 |
(25,693) |
|
|
|
|
|
Net
cash used in operating activities |
|
(54,971) |
(114,429) |
|
|
|
|
|
Investing activities |
|
|
|
|
Investment
income |
|
- |
6 |
|
Mineral property
exploration and evaluation |
|
(24,632) |
(51,918) |
|
|
|
|
|
Net
cash used in investing activities |
(24,632) |
(51,912) |
|
|
|
|
|
Financing activities |
|
|
|
|
Loans |
|
- |
- |
|
|
|
|
|
Net
cash generated from financing activities |
|
- |
- |
|
|
|
|
|
Net
(decrease) in cash and cash equivalents |
(79,603) |
(166,341) |
Cash
and cash equivalents at start of period |
|
137,113 |
392,293 |
Foreign exchange movement |
|
27 |
136 |
|
|
|
|
|
Cash and cash equivalents at end of period |
|
57,537 |
226,088 |
|
|
|
|
|
All attributable to equity holders of the company
Unaudited condensed consolidated
statement of changes in group equity
|
Share
capital
£ |
Share
premium
£ |
Currency translation reserve
£ |
Retained losses
£ |
Total
£ |
Equity at 1 April 2018
- audited |
7,286,914 |
10,171,986 |
(42,021) |
(5,393,367) |
12,023,512 |
Total
comprehensive
income for the period: |
|
|
|
|
|
Exchange difference
on
translation of foreign holding |
- |
- |
(21,265) |
- |
(21,265) |
Loss for the
period |
- |
- |
- |
(137,117) |
(137,117) |
Total
comprehensive
income for the period |
- |
- |
(21,265) |
(137,117) |
(158,382) |
|
|
|
|
|
|
Equity-settled
employee benefits |
- |
- |
- |
- |
- |
|
|
|
|
|
|
Equity at
30 September 2018 - unaudited |
7,286,914 |
10,171,986 |
(63,286) |
(5,530,484) |
11,865,130 |
|
|
|
|
|
|
Comparative
period |
|
|
|
|
|
Equity at 1 April 2017
- audited |
7,286,914 |
10,171,986 |
(73,510) |
(5,124,502) |
12,260,888 |
|
|
|
|
|
|
Total
comprehensive
income for the period: |
|
|
|
|
|
Exchange difference
on
translation of foreign holding |
- |
- |
21,155 |
- |
21,155 |
Loss for the
period |
- |
- |
- |
(167,186) |
(167,186) |
Total
comprehensive
income for the period |
- |
- |
21,155 |
(167,186) |
(146,031) |
Equity-settled
employee benefits |
- |
- |
- |
9,324 |
9,324 |
|
|
|
|
|
|
Equity at
30 September 2017 - unaudited |
7,286,914 |
10,171,986 |
(52,355) |
(5,282,364) |
12,124,181 |
All attributable to equity holders of the company
Notes to the accounts
1. Basis of preparation
This half-yearly financial report comprises the unaudited
condensed consolidated financial statements of the group for the
six months ended 30 September 2018.
It has been prepared in accordance with the Disclosure and
Transparency Rules of the Financial Conduct Authority, the
requirements of IAS 34 - Interim financial reporting (as adopted by
the European Union) and using the going concern basis and the
directors are not aware of any events or circumstances which would
make this inappropriate. It was approved by the board of directors
on 29 November 2018. It does not
constitute financial statements within the meaning of section 434
of the Companies Act 2006 and does not include all of the
information and disclosures required for annual financial
statements. It should be read in conjunction with the annual report
and financial statements for the year ended 31 March 2018 which is available on request from
the company or may be viewed at www.angleseymining.co.uk.
The financial information contained in this report in respect of
the year ended 31 March 2018 has been
extracted from the report and financial statements for that year
which have been filed with the Registrar of Companies. The report
of the auditors on those accounts did not contain a statement under
section 498(2) or (3) of the Companies Act 2006 and was not
qualified. The half-yearly results for the current and comparative
periods have not been audited or reviewed.
2. Significant accounting policies
The accounting policies applied in these unaudited condensed
consolidated financial statements are consistent with those set out
in the annual report and financial statements for the year ended
31 March 2018.
Accounting policies
The accounting policies applied in these unaudited condensed
consolidated financial statements are consistent with those set out
in the annual report and financial statements for the year ended
31 March 2018.
New standards and interpretations effective from 1 January 2018:
- IFRS 9 Financial Instruments;
- IFRS 15 Revenue from Contracts with Customers;
- Interpretation IFRIC 22 Foreign Currency Transactions and
Advance Consideration;
- Amendments to IAS 40 Transfer of Investment Property;
- Amendments to IFRS 2 Share based payments, on clarifying how to
account for certain types of share-based payment transactions;
and
- Annual improvements to IFRS Standards 2014-2016 Cycle (certain
items effective from 1 January
2017).
The above standards and interpretations have not led to any
changes to the group’s accounting policies (other than disclosure)
or had any other material impact on its financial position or
performance.
IFRS 9 ‘Financial Instruments’ has been implemented with effect
from 1 April 2018 and has not had a
material impact on either the unaudited condensed consolidated
financial statements. However additional disclosures in respect of
the impairment of financial assets may be required in the financial
statements for the year ending 31 March
2019. IFRS 15 has no effect in this period as the group
currently has no customers.
New standards and interpretations effective from 1 January 2019:
- Clarification to IFRS15 revenue from contracts with
customers;
- Annual improvements to IFRS Standards 2015-2017 Cycle;
- Amendments to IFRS 9 Financial instruments, amendments in
relation to prepayment features with negative compensation;
- Amendments to IAS 28 Investments in associates, on long term
interests in associates and joint ventures;
- Amendments to IAS 19 Employee benefits on plan amendment,
curtailment or settlement;
- IFRIC 23 Uncertainty over Income Tax Treatments; and
- IFRS 16 Leases.
New standards and interpretations effective from 1 January 2020:
- Conceptual Framework (Revised) and amendments to related
references in IFRS standard.
The directors expect that the adoption of the above
pronouncements (with the possible exceptions of IFRS9 and IFRS16)
will have no material impact to the financial statements in the
period of initial application other than disclosure.
IFRS 16 ‘Leases’ will be effective for periods beginning on or
after 1 January 2019 and therefore
will be effective in the financial statements for the year ending
on 31 March 2020; transition to IFRS
16 should take place on 1 April 2019.
The directors have not yet assessed the full impact IFRS16 on these
financial statements but in view of the nature of the group’s
leases, which are mineral leases with a notice periods of more than
one year, believe that it will not have a significant effect.
There have been no other new or revised International Financial
Reporting Standards, International Accounting Standards or
Interpretations that are in effect since that last annual report
that have a material impact on the financial statements.
3. Risks and uncertainties
The principal risks and uncertainties set out in the group's
annual report and financial statements for the year ended
31 March 2018 remain the same for
this half-yearly financial report and can be summarised as:
development risks in respect of mineral properties, especially in
respect of permitting and metal prices; liquidity risks during
development; and foreign exchange risks. More information is to be
found in the 2018 annual report – see note 1 above.
4. Statement of directors' responsibilities
The directors confirm to the best of their knowledge that: (a)
the unaudited condensed consolidated financial statements have been
prepared in accordance with the requirements of IAS 34 Interim
financial reporting (as adopted by the European Union); and (b) the
interim management report includes a fair review of the information
required by the FCA's Disclosure and Transparency Rules (4.2.7 R
and 4.2.8 R). This report and financial statements were approved by
the board on 29 November 2018 and
authorised for issue on behalf of the board by Bill Hooley, chief executive officer and
Danesh Varma, finance director.
5. Activities
The group is engaged in mineral property development and
currently has no turnover. There are no minority interests or
exceptional items.
6. Earnings per share
The loss per share is computed by dividing the loss attributable
to ordinary shareholders of £0.137 million (loss to 30 September 2017 £0.167m), by 177,608,051 (2017
– 177,608,051) - the weighted average number of ordinary shares in
issue during the period. Where there are losses the effect of
outstanding share options is not dilutive.
7. Business and geographical segments
There are no revenues. The cost of all activities charged in the
income statement relates to exploration and development of mining
properties. The group's income statement and assets and liabilities
are analysed as follows by geographical segments, which is the
basis on which information is reported to the board.
Income statement analysis
|
|
|
|
|
|
|
Unaudited six months ended 30 September 2018 |
|
|
UK |
Sweden
- investment |
Canada
- investment |
Total |
|
|
£ |
£ |
£ |
£ |
|
Expenses |
(57,477) |
- |
- |
(57,477) |
|
Equity settled
employee benefits |
- |
- |
- |
- |
|
Investment income |
52 |
- |
- |
52 |
|
Finance costs |
(72,117) |
(7,602) |
- |
(79,719) |
|
Exchange rate
movements |
- |
27 |
- |
27 |
|
|
|
|
|
|
|
Loss for the
period |
(129,542) |
(7,575) |
- |
(137,117) |
|
|
|
|
|
|
|
Unaudited six months ended 30 September 2017 |
|
UK |
Sweden
- investment |
Canada
- investment |
Total |
|
£ |
£ |
£ |
£ |
Expenses |
(78,100) |
- |
- |
(78,100) |
Equity settled
employee benefits |
(9,324) |
- |
- |
(9,324) |
Investment income |
56 |
- |
- |
56 |
Finance costs |
(72,116) |
(7,838) |
- |
(79,954) |
Exchange rate
movements |
136 |
- |
- |
136 |
|
|
|
|
|
Loss for the
period |
(159,348) |
(7,838) |
- |
(167,186) |
Assets and liabilities
` |
Unaudited 30 September 2018 |
|
UK |
Sweden
investment |
Canada
investment |
Total |
|
£ |
£ |
£ |
£ |
Non current
assets |
15,464,862 |
86,659 |
1 |
15,551,522 |
Current assets |
74,446 |
1,105 |
- |
75,551 |
Liabilities |
(3,452,195) |
(309,748) |
- |
(3,761,943) |
|
|
|
|
|
Net
assets/(liabilities) |
12,087,113 |
(221,984) |
1 |
11,865,130 |
|
|
|
|
|
|
Audited 31 March 2018 |
|
UK |
Sweden
investment |
Canada
investment |
Total |
|
£ |
£ |
£ |
£ |
Non current
assets |
15,439,055 |
86,659 |
1 |
15,525,715 |
Current assets |
155,792 |
1,111 |
- |
156,903 |
Liabilities |
(3,378,271) |
(280,835) |
- |
(3,659,106) |
|
|
|
|
|
Net
assets/(liabilities) |
12,216,576 |
(193,065) |
1 |
12,023,512 |
8. Deferred tax
There is an unrecognised deferred tax asset of £1.3 million
(31 March 2018 - £1.3m) which, in
view of the group's results, is not considered to be recoverable in
the short term. There are also capital allowances, including
mineral extraction allowances, exceeding £12.5 million (unchanged
from 31 March 2018) unclaimed and
available. No deferred tax asset is recognised in the condensed
financial statements.
9. Mineral property exploration and evaluation costs
Mineral property exploration and evaluation costs incurred by
the group are carried in the unaudited condensed consolidated
financial statements at cost, less an impairment provision if
appropriate. The recovery of these costs is dependent upon the
successful development and operation of the Parys Mountain project
which is itself conditional on finance being available to fund such
development. During the period expenditure of £25,755 was incurred
(six months to 30 September 2017 -
£65,943). There have been no indicators of impairment during the
period.
10. Investments
|
Labrador |
Grangesberg |
Total |
|
£ |
£ |
£ |
Balance at 1 April
2018, 31 March 2018
and 31 March 2019 |
1 |
86,659 |
86,660 |
|
|
|
|
Labrador: The
group’s investment is classified as ‘unquoted’ and is held at a
nominal value of £1.
Grangesberg: The group has a 6% holding in
Grangesberg Iron AB (an unquoted Swedish company) and a right of
first refusal over shares amounting to a further 51% of that
company. This investment has been initially recognised and
subsequently measured at cost, on the basis that the shares are not
quoted and a reliable fair value is not able to be estimated.
11. Share capital
|
Ordinary shares of
1p |
Deferred shares of
4p |
Total |
|
Issued and
fully paid |
Nominal
value £ |
Number |
Nominal
value £ |
Number |
Nominal
value £ |
|
|
|
|
|
|
|
|
At 31 March 2017
and
31 March 2018 |
1,776,081 |
177,608,051 |
5,510,833 |
137,770,835 |
7,286,914 |
|
12. Financial instruments
Group |
Available for sale assets |
Loans & receivables |
|
Unaudited 30 September 2018 |
31 March 2018 |
Unaudited 30 September 2018 |
31 March 2018 |
|
£ |
£ |
£ |
£ |
Investments |
1 |
1 |
- |
- |
Deposit |
- |
- |
123,279 |
123,227 |
Other
receivables |
- |
- |
18,014 |
19,790 |
Cash and cash
equivalents |
- |
- |
57,537 |
137,113 |
|
- |
- |
|
|
|
1 |
1 |
198,830 |
280,130 |
|
|
|
|
|
|
Financial liabilities measured at amortised
cost |
|
|
|
Unaudited 30 September 2018 |
31 March 2018 |
|
|
|
£ |
£ |
|
|
Trade
payables |
(17,337) |
(17,631) |
|
|
Other
payables |
(50,340) |
(48,239) |
|
|
Loans |
(3,644,266) |
(3,543,236) |
|
|
|
|
|
|
|
|
(3,711,943) |
(3,609,106) |
|
|
|
|
|
|
|
13. Events after the reporting period
None.
14. Related party transactions
None.
Anglesey Mining plc
Directors:
John
Kearney
Chairman
Bill
Hooley
Chief executive
Danesh Varma
Finance director
David
Lean
Non executive
Howard Miller
Non executive
Parys Mountain site: Parys Mountain, Amlwch, Anglesey, LL68
9RE Phone 01407 831275
London office: Painter's Hall
Chambers, 8 Little Trinity Lane, London, EC4V 2AN Phone 07740
932766
Registered office: Tower Bridge House, St. Katharine's Way,
London, E1W 1DD
Share registrars: Capita Registrars
www.capitaregistrars.com
Phone: 0371 664 0445 - for all change of address and
shareholder administration matters (calls are charged at standard
geographic rate and will vary by provider), from overseas +44 371
664 0445 (charged at the applicable international rate).
Web site:
www.angleseymining.co.uk
E-mail: mail@angleseymining.co.uk
Shares listed on the London Stock Exchange -
LSE:AYM
Company registration number 1849957