Anglo Asian Mining PLC Updated Corporate Presentation
January 28 2021 - 2:00AM
RNS Non-Regulatory
TIDMAAZ
Anglo Asian Mining PLC
28 January 2021
Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector:
Mining
28 January 2021
Anglo Asian Mining plc
Updated Corporate Presentation
Anglo Asian Mining plc ("Anglo Asian", the "Company" or the
"Group"), the AIM listed gold, copper and silver producer in
Azerbaijan, is pleased to announce that an updated corporate
presentation is now available on the Company's website. The
Presentation will be given by the Company this evening at the
virtual One2One Investor Forum, hosted by Proactive Investors, from
18:00 onwards. You can register to watch the virtual event using
the following link:
https://www.proactiveinvestors.co.uk/register/event_details/314
**ENDS**
For further information please visit or contact:
Reza Vaziri Anglo Asian Mining plc Tel: +994 12 596 3350
Bill Morgan Anglo Asian Mining plc Tel: +994 502 910 400
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Stephen Westhead Anglo Asian Mining plc Tel: +994 502 916 894
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Ewan Leggat SP Angel Corporate Finance Tel: +44 (0) 20 3470
LLP 0470
Nominated Adviser and Broker
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Adam Cowl SP Angel Corporate Finance Tel + 44 (0) 20 3470
LLP 0470
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Megan Ray Blytheweigh Financial PR Tel: +44 (0) 20 7138
3224
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Notes:
Anglo Asian Mining plc (AIM:AAZ) is a gold, copper and silver
producer in Central Asia with a broad portfolio of production and
exploration assets in Azerbaijan. The Company has a 1,962 square
kilometre portfolio at its active Gedabek, Gosha and Ordubad
contract areas assembled from analysis of historic Soviet
geological data and held under a Production Sharing Agreement
("PSA") modelled on the Azeri oil industry. The Company also has
three recently restored contract areas in the formerly Occupied
Territories and Nagorno Karabakh under its PSA which will be
evaluated as soon as access permission is received from the
Government of Azerbaijan.
The Company's main operating location is the Gedabek contract
area ("Gedabek") which is a 300 square kilometre area in the Lesser
Caucasus mountains in western Azerbaijan. The Company developed
Azerbaijan's first operating gold/copper/silver mine at Gedabek
which commenced gold production in May 2009. Mining at Gedabek was
initially from its main open pit which is an open cast mine with a
series of interconnected pits. The Company also operates the high
grade Gadir underground mine which is co-located at the Gedabek
site. The Company has a second underground mine, Gosha, which is 50
kilometres from Gedabek. Ore mined at Gosha is processed at Anglo
Asian's Gedabek plant.
The Company produced 67,249 gold equivalent ounces ("GEOs") for
the year ended 31 December 2020. Gedabek is a polymetallic ore
deposit that has gold together with significant concentrations of
copper in the main open pit mine, and an oxide gold-rich zone at
Ugur. The Company therefore employs a series of flexible processing
routes to optimise metal recoveries and efficiencies. The Company
produces gold doré through agitation and heap leaching operations,
copper concentrate from its Sulphidisation, Acidification,
Recycling, and Thickening (SART) plant and also a copper and
precious metal concentrate from its flotation plant.
Anglo Asian is also actively seeking to exploit its first mover
advantage in Azerbaijan to identify additional projects, as well as
looking for properties in other jurisdictions in order to fulfil
its expansion ambitions and become a mid-tier gold and copper metal
production company. It has announced that it is negotiating a joint
venture with Conroy Gold and Natural resources PLC to explore and
develop various gold properties in The Republic of Ireland and
Northern Ireland.
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