Parys Mountain Property
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. See press release.
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. Copper more important in later years -
Sept 2007 prices
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
WMT
western metals limited
parys mountain mine : brief outline, page-2
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