Interim Results

Anglesey Mining plc
Interim Report 30 September 2002

Since publication of the annual report in August metal prices have
remained low and the company has continued to minimize its activities in
order to conserve its funds. Expenses during the period have been kept
to a bare minimum and work on the development of Parys Mountain as a
base metal mine was very limited. Other possible opportunities at Parys
are receiving attention.
The financial results for the period show a loss of £68,773 compared to
a loss of £51,116 in the same period last year. The increase is
attributable to last year's figures being somewhat below normal and to
higher administration and share quotation expenses being incurred this
year.
The outlook for base metal mining remains poor. Chinese production
continues to influence the market, China now being the world's largest
producer of zinc. It is to be hoped that the recent admission of China
to the World Trade Organisation will result in higher local consumption
and better safety standards in Chinese mines both of which may have
positive effects on the metal price.
In June 2002 a new working capital agreement was concluded with Juno
Limited, the company's largest shareholder, in order to provide funding
for the company's routine expenses. Negotiations continued with the
lessor of the eastern part of the Parys Mountain property with regard to
the settlement of outstanding rent and a reduction of the ongoing rent
payable; no conclusion has yet been reached. Recently the company opened
discussions with Intermine Limited, the holder of a 4% net profits
royalty on base metal production, in an effort to seek alternatives to
advance payments due until production commences and on the settlement of
outstanding amounts payable.
The company has an important geological resource of 6.5 million tonnes
at Parys Mountain which has been identified and described in independent
geological reports. This resource is beyond and separate from the old
workings and has a combined average grade for zinc, copper and lead of
over 10%. There are also estimated to be 60,000 ounces of gold and 250
tonnes (8 million ounces) of silver in this resource. Parys Mountain
will continue to be held, awaiting development in accordance the 1990
feasibility study, until metal prices improve.
Further exploration in planned at Parys Mountain with the objective of
developing a significantly larger deposit which should support a higher
production rate. A larger deposit would be economic at lower metal
prices and would also result in a longer mine life than anticipated in
the feasibility study. A drilling programme would form a major part of
such exploration. New financing is essential for the company's planned
exploration and other programmes.
On behalf of the board of directors
John F Kearney
Chairman
19 December 2002

Unaudited consolidated balance sheet

                                  30         30
                              September  September
                                2002       2001
Fixed assets                     £           £
   Intangible assets          7,126,666    9,255,884
   Tangible assets              185,136      185,407
   Total fixed assets         7,311,802    9,441,291
Current assets                               
   Debtors                     103,535     100,938
   Cash                          2,271       9,288
   Total current assets        105,806     110,226
Current liabilities (note                    
1)
   Creditors - amounts due   (1,188,873)  (998,847)
  within one year
   Net current liabilities   (1,083,067)  (888,621)
                                              
Net assets                   6,228,735   8,552,670
                                              
Shareholders' funds                          
   Share capital              6,673,247   6,673,247
   Share premium              5,737,146   5,737,346
   Profit & loss account -   (6,181,658) (3,857,923)
  deficit                                    
                                             
Total shareholders' funds     6,228,735   8,552,670

Equity shareholders'            717,977   3,041,837
funds
Non equity                    5,510,833   5,510,833
shareholders' funds

 Notes : -
1 Current liabilities include £936,677 (2001 - £807,332) due to Juno
  Limited, the ultimate parent company.

2 The half year figures are unaudited. The accounts have been prepared
  on a basis consistent with that of the accounts for the year ended 31
  March 2002. The auditors' report on those accounts was not qualified
  (but contained reference to fundamental uncertainties) and did not
  contain a statement under section 237 of the Companies Act 1985.

3 This interim statement is being posted to all shareholders and is
  displayed on the company's website at www.angleseymining.co.uk. Copies
  are available on request from the company's registered office.


Unaudited consolidated profit and loss account

                                             Six months to Six months to
                                              30 September  30 September
                                                      2002          2001
                                                         £             £
Turnover                                                 -             -
Net operating expenses                              32,683        17,672
 - continuing operations
Interest receivable                                      -             -
Interest payable                                    36,090        33,444
                                                                        
Loss on ordinary activities before and              68,773        51,116
after taxation
Loss per share - basic                          0.06 pence    0.04 pence
Loss per share - fully diluted                  0.06 pence    0.04 pence

The directors are unable to recommend a dividend.
There are no minority interests or extraordinary items.

Unaudited consolidated cash flow statement
                               Six months to 30     Six months to 30
                                 September 2002       September 2001
                                              £                    £
Net cash outflow from                     (23,380)             (28,962)
continuing
 operating activities
Returns on investments and                                             
servicing of finance
   Interest paid                               (2)                 (68)
                                                                        
Capital expenditure and                                                
financial investment
   Payments to acquire                     (7,513)              (13,356)
  intangible fixed assets
                                                                        
Net cash outflow from capital              (7,513)              (13,356)
investment
 and financial investment
                                                                        
Net cash outflow before                   (30,895)              (42,386)
financing
                                                                        
Financing                                                              
   Increase in loans                        20,000               50,930
   Expenses of share issues in                   -                    -
  year
                                             20,000              50,930
                                                    
(Decrease) / increase in cash               (10,895)              8,544


Corporate office telephone - 01248 361333 fax - 01248 361419
Email - [e-mail] Web - www.angleseymining.co.uk
Registered office - Parys Mountain, Amlwch, Anglesey, LL68 9RE