LONDON: Anglesey Mining plc, the U.K.-based mineral exploration company that wholly owns the Parys Mountain copper-zinc-lead-silver-gold project in North Wales, announced Monday the appointment of Andrew Fulton as chief executive officer, effective June 1, 2026, a news release noted.
Fulton, a chartered mining engineer and fellow of the Institute of Minerals, Mining & Materials with more than 30 years of global experience, will focus on team formation, due diligence and growth strategies. His previous roles include vice president at ICL’s Boulby Polyhalite Mine, director of deep mining at UK Coal Plc, and 15 years in leadership at Anglo American, including regional general manager. He is also past president of the Mining Association of the United Kingdom.
Fulton succeeds Rob Marsden, who will step down from the board at the end of this month, as previously announced on May 6, 2026.
“Andrew brings demonstrable experience as a mining engineer, a strategist and an accomplished executive operator,” Executive Chairman Jim Williams said in a statement.
Fulton said he sees “significant upside potential” in the Parys Mountain asset and looks forward to working with stakeholders to enhance the company’s growth story.
The announcement included a required disclosure that Fulton, 53, was a director of UK Coal Mine Holdings Ltd and UK Coal Operations Ltd, which entered administration on July 9, 2013, and were dissolved on Aug. 4, 2018. Fulton currently holds no direct interest in Anglesey Mining’s ordinary shares.
Fulton also serves as co-director of Capacity Minerals Ltd and founder of Gatesbridge Ltd.
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.
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:
· On the 11th December 2025, Anglesey’s largest shareholder, Energold Minerals Inc. (24.4%), invested a further £350,000 via a warrant exercised priced (post-consolidation) at 7.6 pence.
· On the 25th February 2026, the Company reported that £4,000,000 of debt had been eliminated in return for the Company’s holdings in both ‘LIM’ and Grangesberg, allowing the Board to focus on its one remaining key asset, the 100% owned Parys Mountain project.
· On the 9th March 2026, the Company raised gross funds of £680,000 at 6 pence per share with a one-for-one warrant priced at 7 pence and valid until 2nd March 2027.
· On the 6th May 2026, the Company announced pertinent Board changes to strategically pivot and progress 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.”
