Announcement Date: 2022-03-21
Announcement Type: Deposit Estimation
Announcement Code: (no Code)
Company name: Anglo Asian Mining Plc
Project name: Gedabek
Location: Azerbaijan
Commodities: Gold,Copper,Zinc
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Anglo Asian Mining plc (“Anglo Asian” or the “Company”), the AIM-listed gold, copper and silver producer focused o n Azerbaijan, is pleased to provide a JORC Mineral Resource for its Zafar polymetallic deposit (the “Zafar deposit”). The Zafar deposit is situated in the central region of the Company’s Gedabek contract area in western Azerbaijan and is approximately 1.5 kilometres from the existing Gedabek processing facilities. 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 produced 64,610 gold equivalent ounces (“GEOs”) for the year ended 31 December 2021. In September 2021, the Company announced a transaction with the Government of Azerbaijan which grants it three additional concessions with a combined area of 882 square kilometres, including the Garadagh porphyry copper deposit, with a Soviet classified resource of over 300,000 tonnes of copper. The transaction is subject to ratification by the parliament of Azerbaijan.
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