Anglesey Mining plc              

 

10 January 2006

Anglesey Mining Strengthens Board

Reinforces Project Development and Operations Capability

Anglesey Mining plc is pleased to announce two new appointments to the board of directors:

  • D W (Bill) Hooley as an Executive Director, and

  • Roger W Turner as a non-executive director.

  • Both these new directors are professional mining engineers with many years experience in the development and operation of mining properties throughout the world. The board believes that the additional skills and knowledge that now will be available to the company will be important for the rapid development of the company’s Parys Mountain base metal and Labrador Iron Ore projects.

    Bill Hooley

    Bill Hooley has extensive experience in Australia, the UK and North America in mineral project development and assessment. A graduate in Mining Engineering from Imperial College, Royal School of Mines, he is a Fellow of the Australasian Institute of Mining and Metallurgy. He has worked for a number of major mining companies as well as running a number of junior mining companies. He was until recently managing director of Micon International Co Limited, the internationally respected minerals consulting group.

    As Executive Director Mr Hooley will concentrate his efforts on both bringing the Parys Mountain mine into production and to providing assistance for the development of the Labrador Iron Ore project. His appointment as Executive Director will significantly add to the management resources of the company, as well as providing the necessary impetus to move the company’s assets towards production. Mr Hooley is also a director of Delta Pacific Mining plc.

    Roger Turner

    Roger Turner has more than 30 years worldwide experience in mine engineering, management and project development in both open pit and underground mining. A graduate in Mining Engineering from the Camborne School of Mines, with an MSc in Economic Geology from Leicester University, he is a member of the Institution of Mining and Metallurgy UK, the Canadian Institute of Mining and Metallurgy and the American Institute of Mining Engineers.

    Early in his career he worked as a mine manager for Noranda and Hudson Bay in Canada and for Falconbridge in Africa. In the UK he was manager of the Westfield open pit coal mine in Scotland and the Wheal Jane tin mine in Cornwall for Rio Tinto Zinc Corporation. As a mining consultant he worked for, amongst others, Warrior International (now Standard Bank) and Samuel Montagu & Company.

    In 1994 he was appointed President of Nelson Gold Corporation and was responsible for the financing, construction and start up of the Jilau gold mine in Tajikistan. From 1996 to 2002 he was co-founder, President and CEO of Oxus Gold plc, and was responsible for the acquisition and development of the Amantaytau gold mine in Uzbekistan. Mr. Turner is currently chairman of Minco plc and Ovoca Gold plc. Mr. Turner will serve as a non-executive director of the company and will bring significant experience in project development as well as mining operations to the company.

     

     

    Commenting on the two appointments, the chairman of Anglesey Mining, John Kearney said “This is an exciting time for Anglesey. These appointments are in line with the company’s objective to move the Parys Mountain mine and the Labrador Iron Ore project towards production as soon as practicable. The skills and knowledge that both these experienced mining professionals will bring to the company will be invaluable. Bill Hooley’s close involvement will add significantly to the management resources and commitment available to Anglesey.”

     

    Issue of Share Options

    Simultaneously with these appointments, the board, acting upon the recommendations of the remuneration committee, approved the granting to directors of the following share options under the company’s 2004 Share Option Scheme:

     

    Bill Hooley

    1,000,000

    Roger Turner

    500,000

    David Lean

    100,000

    Howard Miller

    100,000

    Danesh Varma

    200,000

    Ian Cuthbertson

    300,000

     

    These options were granted at an exercise price of 10.625 pence per share, being the average mid-market price of the company’s shares for the three trading days preceding the grant of the option. There is a performance condition to be met In respect of these options, namely that the company’s share price performance over the period from grant to exercise must exceed that of the companies in the top quartile of the FTSE 100 index.

     

    The Company

    Anglesey Mining plc is a UK based company established in 1984. It has a full London Stock Exchange listing and two major projects under active development towards mining production:

     

    The focus of the company for 2006 is the development of its two mining projects.

     

     

    For further information please contact:

    Ian Cuthbertson, Finance Director        + (44) 1248 361333

    Bill Hooley, Executive Director              + (44) 1492 541981

    John F. Kearney, Chairman                  + (1) 416 362 6686

    Cathy Malins / Annabel Leather,
    Parkgreen Communications                  + (44) 20 7493 3713

     

     


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      Anglesey Mining plc
    Parys Mountain, Amlwch,
    Anglesey, LL68 9RE, UK
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