Company Information for Anglesey Mining Plc

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Company Statement

Anglesey Mining plc is a UK based company with a full London Stock Exchange listing which currently holds:

The historically important Parys Mountain zinc-copper-lead deposit in North Wales, UK  with a total resource of 7.76 million tonnes, which is proposed to be sold to Western Metals of Perth, Australia - see press release of 10 April 08.

The Labrador Iron Ore project a direct shipping partially developed project which will produce lump and sinter fines ores with a short time to production and relatively low capital expenditure requirements. A unique opportunity to re-establish major iron ore mines previously operated by the Iron Ore Company of Canada. Following the flotation in Canada of the Labrador operations, Anglesey holds 50% of Labrador Iron Mines Holdings Limited (TSX:LIR) which in turn owns 100% of the Schefferville iron ore project.

Current Operations

Parys Mountain
On 10 April 2008, the company announced that terms had been agreed for the sale of the Parys Mountain Project to ASX-listed Western Metals Limited.

• On the island of Anglesey in north Wales - worked for copper since prehistoric times
• New plan for phased development of 1.18 million tonnes in White Rock outlined in Micon study - PDF presentation on White Rock
• Zinc likely to contribute 55% and lead 25% to White Rock revenue stream.
• Two years to production from completion of financing
• Successful drill programmes in 2005-07 in two areas - Garth Daniel in the east and near-surface White Rock in the west.
• Excellent exploration potential over an area of several kilometres
• Work in 1991 resulted in a positive independent feasibility study with planning permission for a 1,000 tonne per day mine and strong local community and government support

Labrador Iron Mines - Schefferville Project

• Project already partially developed –
                   short time to production
                   low capital expenditure requirements
• Existing rail transportation, deep water ports, shipping facilities and hydro power
• Target production of 1.3 million tonnes per year by 2009, increasing to 3.5 million tonnes after 3 years
• Potential mine life of more than 20 years
• Former operations of the Iron Ore Company of Canada

Direct shipping lump and sinter fines hematite iron ore in Labrador

Geographical Spread

The Parys Mountain property is in Anglesey, North Wales, UK.

The Labrador Iron Ore Project is near Schefferville in the province of Newfoundland and Labrador, Canada.

Board of Directors and Key Management

John F Kearney	Chairman
Bill Hooley	Chief executive
Ian Cuthbertson	Finance director
David Lean	non-executive director
Howard Miller	non-executive director
Danesh Varma	non-executive director
Roger W Turner	non-executive director

Company Address Parys Mountain, Amlwch Anglesey, Wales, Gwynedd, United Kingdom LL68 9RE Telephone: +44 1248 361333 Facsimile: +44 1248 361419 Email: ian[at]angleseymining.co.uk Website: http://www.angleseymining.co.uk

Annual General Meeting September in London

Year End 31 March

Nominated Advisors Grant Thornton

Related News

04/11/08 - Anglesey Mining Offers Something For Nothing As Labrador Iron Mines Closes In On Production
14/04/08 - Anglesey Mining Sells Out Of Parys Mountain
26/02/08 - Hidebound At Anglesey, Chomping At The Bit At Labrador
06/07/07 - Anglesey Mining Has Two Projects Which Could Be In Production By 2009
16/01/07 - Anglesey Mining Could Have Parys Mountain and Labrador In Production By 2008 If Funding Is Forthcoming

Most Recent Statement

01/12/08 - Half-yearly report
13/10/08 - Negotiations with Western Metals terminated
06/10/08 - Chairman's statement at 2008 AGM
02/09/08 - Interim Management Statement for the period to 27 August 2008
31/07/08 - Announcement of final results for the year ended 31 March 2008
03/07/08 - Encouraging progress reports from Labrador and Parys Mountain