Anglesey Mining posts a pre-tax loss of ã1.7m for the year to the end of March - down from ã7.2m last time.

Revenues edged up to ã355,071 from ã353,455 while the company booked an impairment of investment of ã1.2m compared with ã5.4m in 2014.

Chairman John F. Kearney said: "The expected resurgence in the resources sector that we discussed this time last year has generally not yet materialised and indeed there have been some areas in which confidence has been badly eroded. These matters have made it very difficult for all junior companies operating in the sector, including our own.

"The general economic malaise in Europe has now spread somewhat to the US and importantly to China. Whilst there are some areas in which blue sky is appearing the lack of confidence of the investment sector in resources has made raising funding quite difficult."

At 3:53pm: (LON:AYM) Anglesey Mining PLC share price was -0.5p at 1.5p