Anglesey Mining plc (AIM: AYM), the UK-based mineral exploration and development company and the 100% owner of the Parys Mountain Cu-Zn-Pb-Ag-Au VMS project in Anglesey, North Wales, is pleased to announce an operational update.

Highlights:

 

CEO Appointment

Following today’s earlier announcement, Andrew Fulton, a Chartered Mining Engineer (C.Eng, FIMMM) with more than 30 years of global experience in developing and managing mineral projects, has joined the Board as CEO. He will focus on team formation and leadership, aligning technical, operational, and commercial capabilities with a strategic emphasis on due diligence, turnaround, and growth.

Geo-Spatial Analysis

Anglesey is pleased to announce the engagement of Satellite Applications Catapult of Harwell, Oxfordshire, UK (“Catapult”), to provide a preliminary geo-spatial analysis as an exploration method with a view to delineating Volcanogenic Massive Sulphide (“VMS”) extensions in and around the Company’s Parys Mountain site. This work, which involves a non-intrusive exploration method, utilises an orbiting satellite to relay images to Catapult, from where sub-surface images are analysed. The method, albeit semi-qualitative and semi-quantitative, can delineate surface targets for follow-up ground exploration. This work is currently ongoing and is estimated to be completed within eight weeks.

Completion of Aero-Geophysical Survey

The Company is also pleased to report that the initial phase of the Company’s drone-operated aero-geophysics (aero-magnetics) programme, undertaken by JBUAS, has been completed. The initial results strongly suggest VMS extensions along the flight paths; these are very encouraging. Although the results are semi-quantitative and semi-qualitative, the detected anomalies are not dissimilar to those associated with known polymetallic mineralisation at Parys Mountain. Catapult will incorporate the aero-magnetic images into their work, which is expected to produce a more comprehensive conclusion.

Both the geo-spatial programme and aero-magnetics represent cost-effective exploratory tools that allow the Company to focus on ground-based exploration.

Key Recent Milestones

Anglesey would also like to remind shareholders of key corporate achievements since December last year, a period which has had a profound and positive impact on the direction of the Company:

 

The Company has only c.£100,000 debt remaining, post its capital restructuring and has a clear mandate to further explore and advance its Parys Mountain asset.

 

Jim Williams, Executive Chairman of Anglesey, commented:

“ We are pleased to present an operational update following the earlier news regarding our new CEO. Parys Mountain represents a significant copper deposit, along with other base and precious metals. With copper demand forecast to increase, there is no better time to work in parallel to expand the resource base and advance the development initiative to build a mine at Parys Mountain. The upside potential to increase the resources at Parys Mountain is self-evident, and the down-dip extension of, for example, the Northern Copper Zone, is significant when an analysis of typical VMS deposits is considered.

 

“We are essentially debt-free for the first time in a very long time, and maximum emphasis will now be placed on disseminating pertinent news out promptly to bring Anglesey to the forefront of the local and investor community. To support, we have appointed a Financial & Media Relations agency, well-known within the sector.”

 

Appointment of CEO

Anglesey Mining plc (AIM: AYM), the UK-based mineral exploration and development company and the 100% owner of the Parys Mountain Cu-Zn-Pb-Ag-Au VMS project in Anglesey, North Wales, is pleased to announce the appointment of Andrew Fulton to the Board as Chief Executive Officer, with effect from 1 June 2026.   Andrew’s appointment follows the 6 May 2026 announcement that Rob Marsden will step down from the Board at the end of this month.

Andrew is a Chartered Mining Engineer and a Fellow of the Institute of Minerals, Mining & Materials (C.Eng, FIMMM) with more than 30 years’ global experience in developing and managing mineral projects across the UK, Europe, Africa, the Middle East and Asia. He will focus on team formation and leadership, aligning technical, operational, and commercial capabilities with a strategic emphasis on due diligence, turnaround, and growth.

Andrew, whose expertise is often sought when assets require clarity, pace, and leadership to unlock value, has served as co-director of Capacity Minerals Limited, a mineral asset development company with interests in Egypt and Jordan, since 2025.

He has also been the founder and principal director of Gatesbridge Limited since 2013, a company dedicated to solving complex mining challenges with clarity, credibility and connection.

His previous roles include starting as an Operations Manager at ICL’s Boulby Polyhalite Mine in the North-East of England, where he later became Vice President; serving as a Director of Deep Mining at UK Coal Plc; and working for Anglo American for 15 years in a leadership role, including as Regional General Manager.

Andrew’s dedication to the mining industry is evidenced by his tenure as Past President of the Mining Association of the United Kingdom.

Andrew’s LinkedIn profile can be viewed here: Andrew Fulton | LinkedIn

Jim Williams, Executive Chairman of Anglesey, commented:

“I would like to take this opportunity to reiterate the Company’s thanks to Rob for his service and wish him all the very best. On behalf of Anglesey, I am delighted to welcome Andrew as our new CEO, who will lead the exploration and development of our 100% owned Parys Mountain asset. Andrew brings demonstrable experience as a mining engineer, a strategist and an accomplished executive operator.”

CEO, Andrew Fulton, commented:

“ I am delighted to become CEO of Anglesey. I see the potential to unlock value from the Parys Mountain asset and believe this underdeveloped project has significant upside potential. I look forward to working with all stakeholders to enhance the Company’s growth story.”

Andrew Fulton, aged 53, holds or has held the following directorships/partnerships in the past five years:

Current Directorships/Partnerships Former Directorships/Partnerships (past five years)
Capacity Minerals Cleveland Potash Ltd
Gatesbridge Limited
Mining Association of the UK
Minerals Products Qualifications Council

 

Andrew currently holds no direct interests in the Company’s ordinary shares.

 

Andrew was a director of UK Coal Mine Holdings Ltd and UK Coal Operations Ltd, which entered into administration on 9 July 2013 and were dissolved on 4 August 2018.

 

Qualified Person

Eur. Ing. Jim Williams, BSc, MSc, D.I.C., FIMMM, CEng., CGeol., the Executive Chairman of Anglesey Mining,   a “Competent Person” as defined in the AIM guidelines of the London Stock Exchange, and a “Qualified Person” as defined in the Canadian National Instrument 43-101 (“NI 43-101”), has reviewed and approved the information in this release.

 

For further information, please visit the Company’s website: www.angleseymining.co.uk

 

-Ends-

 

For further information, please contact:

 

Anglesey Mining plc (via Yellow Jersey PR Limited)

Jim Williams, Executive Chairman

angleseymining@yellowjerseypr.com

 

Davy

Nominated Adviser & Joint Corporate Broker

Brian Garrahy/Daragh O’Reilly

Tel: +353 1 679 6363

 

AlbR Capital Limited

Joint Corporate Broker

Lucy Williams/Duncan Vasey

Tel: +44 (0)20 7562 0930

 

Yellow Jersey PR Limited

Financial & Media Relations

Dominic Barretto/Shivantha Thambirajah

Tel: +44 (0)20 3004 9512

 

About Anglesey Mining plc:

Anglesey is advancing the UK’s largest copper project at the 100% owned Parys Mountain Cu-Zn-Pb-Ag-Au VMS deposit in North Wales.

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