Anglesey Mining plc provided an update on the Northern Copper Zone drilling at the Company's Parys Mountain Cu-Zn-Pb-Ag-Au project, located on the Isle of Anglesey. Further to the Company's previous announcement on 5thDecember, Anglesey to confirm that the drilling of first drill hole into the Northern Copper Zone (NCZ001) was completed on 11thDecember at a depth of 635 metres, broadly in-line with the Company's expectations. Drill hole NCZ001 was modelled to intersect two zones of potential sulphide mineralisation - the first between 365 - 510 metres, relating to the Northern Copper Zone; and the second between 610 - 620 metres interpreted to be an extension of the high-grade Garth Daniel Zone.

Visual logging of NCZ001 suggests two zones of sulphide mineralisation were intersected with the Northern Copper Zone interpreted to be between351 - 540 metres and a second zone, potentially the Garth Daniel Zone, between 560 - 586 metres (all downhole depths). As expected, the interpreted Northern Copper Zone has varying levels of sulphide accumulation. This was also the case with drilling in the 1970's with the nearest hole to NCZ001 intersecting two higher grade zones of 22.9m @ 1.20% Cu (1.42% CuEq) and 85.3m @ 1.13% Cu (1.40% CuEq) within a broader zone of 146m @ 0.98% Cu (1.20% CuEq) - no gold assaying was conducted on that drill hole.

The lower zone of sulphide accumulation between 560 - 586 metres demonstrates areas with very high levels of chalcopyrite, as highlighted in the picture below. Logging and sampling of NCZ001 has been ongoing since the commencement of drilling and there are c.300 samples now ready for dispatch to the assay lab. The company expects the first batch to be delivered to the assay laboratory before the Christmas break, with results currently expected to be received during First Quarter 2024.

The second drill hole, NCZ002 is expected to be collared this week. Target zones are modelled at 330 - 420 metres (Northern Copper Zone) and 610 - 620 metres (Garth Daniel Zone).