Final Results

Preliminary Statement 2002

Anglesey  Mining  plc  holds mineral properties at  Parys  Mountain  and
Dolaucothi in Wales. At a time when metal prices remain low, the company
has  continued  to  minimise many activities in order  to  conserve  its
finances.  The  group  has  no  revenues  from  the  operation  of   its
properties.
Parys  Mountain  is located to the north of the island  of  Anglesey  in
north Wales in an area worked for copper since prehistoric times. It has
an important identified geological resource of 6.5 million tonnes beyond
and separate from the old workings with a combined average grade of over
10%  zinc, copper and lead with gold and silver: zinc would provide more
than  half  of  anticipated  revenues. There  is  excellent  exploration
potential over an area of several kilometres.
Parys Mountain is currently held awaiting development in accordance with
the Feasibility Study. Further exploration is planned with the objective
of  developing  a  significantly larger deposit which should  support  a
higher daily production rate and longer mine life.
Dolaucothi  is located at Pumpsaint near Lampeter in south  Wales  where
the  company  holds  a Crown mining lease for gold and  silver  covering
11,000  acres.  In  the current financial climate, no  funds  are  being
directed towards the development of the Dolaucothi property.

Results for the year
The   loss  for  the  year  before  taxation  was  £2,306,078  (2002   -
£3,118,051).  The  loss  comprises interest and administrative  expenses
together  with an impairment provision of £2,200,000 (2001 - £3,000,000)
and  evaluation costs not related to Parys Mountain which, in accordance
with  the group's accounting policy, are charged to the profit and  loss
account. Included in the loss was £69,707 (2001 - £61,546) in respect of
interest  due.  The  increase in the level of loan  outstanding  is  the
explanation  for higher interest charges. £38,822 (2001 -  £59,637)  was
expended   on   corporate  costs,  administration   expenses   and   the
investigation   and   evaluation   of   exploration   and    development
opportunities. This expenditure has fallen in comparison with last  year
because of reduced activity.
The  impairment  provision  of £2,200,000  (2001  -  £3,000,000)  arises
following  a review by the directors, in accordance with the  provisions
of  FRS 11, of the net value at which the accumulated development  costs
of  Parys Mountain should be carried in the accounts. The provision  was
determined  following calculations of discounted estimated  future  real
cash  flows  on  the basis of current estimates of proven  and  probable
reserves  and  capital  and  operating costs, together  with  directors'
estimates of future metal prices and foreign currency exchange rates.
On  12  June 2002 a new working capital agreement with Juno Limited  was
concluded  in  order  to  provide  funding  for  the  company's  routine
expenses.  This agreement consolidated all the previous working  capital
advances  between  the  company  and Juno.  Although  the  advances  are
repayable  on  demand, Juno has indicated that it has  no  intention  of
requiring immediate repayment.
The  group  has no revenues and the directors are unable to recommend  a
dividend.  Since the date of the accounts the activities  of  the  group
have  continued  in  accordance  with the directors'  expectations.  The
directors   remain  attentive  for  opportunities  to  be  involved   in
appropriate new mineral ventures.
During  the year Malcolm Swallow and Malcolm Burne retired as  directors
and  at  the AGM held on 20 September 2001 David Lean and Howard  Miller
were elected to the board.
Unaudited Balance Sheets at 31 March 2002

                              Group                     Company        
                               2002         2001           2002          2001
                                  £            £              £             £
Fixed assets                                                      

Intangible assets         7,094,687    9,219,362      6,902,122     9,028,435
Tangible assets             185,240      185,573        185,240       185,573
Investments                       -            -        100,001       100,001
                          7,279,927    9,404,935      7,187,363     9,314,009
Current assets                                                    

Debtors                     102,935      100,785        291,574       287,771
Cash at bank and in          13,166          744         13,166           744
hand
                            116,101      101,529        304,740       288,515
Current liabilities                                               

Creditors - amounts                                               
due within one year      (1,098,520)    (902,678)    (1,194,520)     (998,678)
Net current               (982,419)    (801,149)      (889,780)     (710,163)
liabilities
                                                                  
Total assets less         6,297,508    8,603,786      6,297,583     8,603,846
current liabilities
                                                                  
                                                                  
Capital and reserves                                              

Share capital             6,673,247    6,673,247      6,673,247     6,673,247
Share premium account     5,737,146    5,737,346      5,737,146     5,737,346
Profit & loss account   (6,112,885)                 (6,112,810)              
- deficit                            (3,806,807)                  (3,806,747)
Equity shareholders'      5,436,330    7,742,608      5,436,405     7,742,668
funds
Non equity                  861,178      861,178        861,178       861,178
shareholders' funds
                          6,297,508    8,603,786      6,297,583     8,603,846

Unaudited Profit and Loss account for the year ended 31 March 2002

                                                       2002         2001
                                                          £            £
Turnover - continuing operations                          -            -
Net operating expenses                             (38,822)     (59,637)
Exceptional item:                                            
      Provision for impairment                               
         of intangible assets                                           
                                                (2,200,000)  (3,000,000)
Loss on ordinary activities before interest &                           
taxation                                        (2,238,822)  (3,059,637)
                                                             
Interest receivable                                   2,451        3,132
Interest payable                                   (69,707)     (61,546)
Loss on ordinary activities before taxation                             
                                                (2,306,078)  (3,118,051)
Tax on loss on ordinary activities                        -            -
                                                             
Loss for the financial year                                             
                                                (2,306,078)  (3,118,051)
                                                             
Loss per share - basic                          (2.0) pence  (2.7) pence
Loss per share - diluted                        (2.0) pence  (2.7) pence

The  group has no recognised gains or losses other than the losses shown
above and therefore no separate statement of total recognised gains  and
losses has been presented.
There  is  no difference between the loss on ordinary activities  before
taxation  and  the  retained loss for the year stated above,  and  their
historical cost equivalents.

Unaudited Cash flow statement for the year ended 31 March 2002

                                                                          2001
                                                    2002
                                                       £                     £
Net cash outflow                                         
from continuing
operating
activities
                                                (67,450)              (26,753)
                                                                  

Returns on                                               
investments and
servicing of
finance
                   Interest received                   -                    -
                   Interest paid                    (75)                (141)
                                                    (75)                (141)

Taxation                                                 
                   UK Corporation tax paid             -                    -
                                                                  

Capital                                                  
expenditure and
financial
investment
                   Payments to acquire           (7,783)              (6,491)
                   intangible fixed assets
                   Payments to acquire                 -                    -
                   tangible fixed assets

Net cash outflow                       (7,783)            (6,491)
from capital
investment &
financial
investment
                                                                  

Net cash outflow                      (75,308)           (33,385)
before financing
                                                                  

Financing                                                
                   Increase in loans              87,930          30,699
                   Expenses of share issues in     (200)           (200)
                   year
                                                  87,730          30,499
                                                                  
Increase/(decrease                      12,422            (2,886)
) in cash

As  in  previous years, the auditors report on the financial  statements
will  contain explanatory paragraphs regarding fundamental uncertainties
in  respect  of the going concern basis and the valuation of  intangible
fixed  assets,  however it will not be qualified  in  respect  of  these
matters.