Name of the Project
Parys Mountain copper/lead/zinc project.

Location
North Wales

Client
Anglesey Mining.

Project Description
A scoping study on the Parys Mountain project has reported positive results. 

The selected base case envisages a mining rate of 1 000 t/d to produce an average output of 14 000 t/y of zinc concentrate at 57% zinc, 7 200 t/y of lead concentrate at 52% lead and 4 000 t/y of copper concentrate at 25% copper, over an initial mine life of eight years.

The study is based on a surface decline to access the White Rock zone. The proposed decline will be developed by mining contractors and used as the initial means of access to the resource for development and mining.

Mined ore will be trucked up the decline to the proposed surface processing plant.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The base case yields a pretax net present value, at a 10% discount rate, of $33.2-million and an internal rate of return of 28.3%, with a payback of four years.

Value
The initial capital cost for mine development is estimated at $13-million and for the concentrator at $29.5-million, the dense-medium separation plant at $3-million and infrastructure at $10-million for a total of $53 million. Included in these figures is a $4-million contingency provision.

Duration
Not stated.

Latest Developments
Micon International Limited and Fairport Engineering, which prepared the scoping study, have recommended that further work be undertaken on the project, including a more detailed mine and stope design, underground geotechnical studies, additional infill drilling in some locations, more detailed engineering studies, additional metallurgical testwork, including work to improve recovery of specific metals to their own concentrate, and a review of the tailings management and paste processes. 

Key Contracts and Suppliers
Micon and Fairport Engineering (scoping study).

On Budget and on Time?
Too early to state.

Contact Details for Project Information
Anglesey Mining, tel + 44 1407 831275 or email mail@angleseymining.co.uk.