Anglesey Mining has raised £225,000, gross, through a placing of 5,000,000 new ordinary shares at 4.5p apiece.

The company said the net proceeds of £213,750 would be used for general working capital and for the continued development of the Parys Mountain poly-metallic project in North Wales on which an updated scoping study was being prepared by Micon International Limited and by Fairport Engineering Limited.

The company said the study was reviewing capital and operating costs including the use of available second-hand plant to minimise capital expenditure wherever possible.