Anglo Asian Mining

Anglo Asian Mining PLC (AIM:AAZ) is an emerging gold producer in Central Asia with a broad portfolio of production and exploration assets in Azerbaijan.  The Company has a 1,962 sq km prospective exploration portfolio, assembled on the back of analysis of historic Soviet geological data and held under a Production Sharing Agreement (‘PSA’) based on the Azeri oil industry.  The Company developed Azerbaijan’s first operating gold/copper mine, Gedabek, which commenced gold production in May 2009 and is targeted to produce in excess of 300,000 oz gold in the first six years of production.

The Company is actively looking to exploit its first mover advantage in Azerbaijan to identify additional projects, as well as looking for other properties in Central Asia and Caucasia in order to fulfil its expansion ambitions and become a mid-tier gold and base metal production company focussed in these regions.

Anglo Asian Mining’s operations are focussed on various projects within three primary Contract Areas in Azerbaijan. The rights to explore and develop all minerals in these areas are governed by a PSA with the Azeri Government.

• Gedabek Contract Area - 300 sq km, with the mining and exploration rights until February 2022. Within this    Contract Area, the Company has developed the producing Gedabek gold/copper mine.
• Gosha Contract Area - 300 sq km, with the right to explore for precious and base metals until 13 April 2011.
• Ordubad Contract Area - 462 sq km with the right to explore for precious and base metals until 13 April 2011.
• Occupied Territories – 900 sq km area, which will be developed as and when the political situation ameliorates.

The immediate focus for the Company is Gedabek, where gold production commenced in mid 2009. Exploration will be targeted at the surrounding locations in order to extend the current six year mine life and a gold equivalent resource of 1,081,000 oz. In particular, targeted exploration activity will be undertaken in Maarif, a prospective mining property within the Gedabek contract area, and Gosha in 2009. Further exploration on Gedabek, Gosha and Ordubad is planned for 2010 to prove up existing Soviet data and identify further production opportunities.

Location

Azerbaijan is situated in south-western Asia, bordering the Caspian Sea between Iran and Russia, with a small European portion north of the Caucasus range.  It borders Armenia, Georgia, Iran, Russia and Turkey and is split into two parts by Armenia; the smaller part is called the Autonomous Republic of Nakhchivan.

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GEDABEK

The Company holds mining and exploration rights for a minimum period of 15 years from 26 February 2007 in the Gedabek Contract Area, located 55km from Azerbaijan’s second largest city, Ganja.  The Contract Area comprises nine mining properties covering 300 sq km. These properties are the Gedabek development property, which is the principal property in this group, together with Gyzildzhadag, Bittibulag, Maarif, Ertep, Geyer, Shekerbey, Gumlu and Aitalin. For more information click here.

GOSHA

The 300 sq km Gosha Contract Area contains three prospects: Gosha, Itkirlan and Munduglu.  Anglo Asian Mining has access to a significant amount of Soviet-era data on the Contract Area.  Combined with data gathered by the Company since listing, an expansive exploration programme is underway to define a new resource, funded by cashflow generated through sales from Gedabek.  The Company has approval from the Azeri Government to explore for precious and base metals until 13 April 2011. For more information click here

ORDUBAD

The 462 sq km Ordubad Contract Area in the Nakhchivan region contains numerous targets including Shakardara, Piyazbashi, Misdag, Agyurt, Shalala and Diakhchay, which are all located within a 5km radius.  The Company has approval from the Azeri Government to explore for precious and base metals at Ordubad until 13 April 2011.  Exploration work will focus primarily on the three copper prospects at Agyurt, Shalala and Diakhchay, which the Company believes also have the potential to contain gold and molybdenum.   The remaining properties in the Contract Area are Yashiling, Goyhundur, Keleki and Kotam.  For more information on Ordubad,Agyurt,Diakchay,Misdag,Piyazbashi,Shakardara and Shalala , please click here 

MEHRDAD ETEMAD - Sr Vice President, Azerbaijan International Mining Company Limited

Mehrdad Etemad, Sr. Vice President of Azerbaijan International Mining Company, has had over 30 years experience in setup, start up and operation of medium and large enterprises in the USA, China, Eastern Europe and Iran. In addition and prior to his position with AIMC, for a period of 8 years he was a senior consultant for The International Finance Corporation, advising IFC’s clients in implementation of operational and management best practices, Corporate Social Responsibility programs and Corporate Governance.
Mehrdad has a BS degree in mechanical engineering from University of California, Berkeley and a MS degree in Industrial Engineering from San Jose State University.

ANDREW HERBERT - CFO and Company Secretary, Anglo Asian Mining PLC

Andrew Herbert, CFO of Anglo Asian Mining PLC, has had 20 years experience in finance. Prior to his position with Anglo Asian Mining, he was CFO of Avnel Gold Mining Limited, a gold producer listed on the TSX.  Andrew spent the first 7 years of his career with BOC Group, a UK “blue-chip” company. Subsequently, Andrew has held a number of senior finance positions with early stage development and start-up companies in developing economies.

Andrew has a BA (Hons) in Accountancy and is a qualified member of the Chartered Institute of Management Accountants (CIMA).

ABDULJABAR AHMADOV - Vice president – Government affairs, Azerbaijan International Mining Company Limited

Abduljabar Ahmadov, Vice-President Government Affairs, has wide range of experience in the oil industries starting in 1988.  He has served at various positions in the SOCAR, from Chief of Reserves Department to Advisor to the President and Advisor to BP President on ACG Project. In these senior positions, Abduljabar has taken active role in preparation and signing of 27 PSAs and  was one of the responsible executors of various projects such as Chirag platform, construction of Baku-Supsa, Baku-Novorossiysk, BTC, SCP (Baku-Erzerum) pipe lines, ACG project, etc.
Abduljabar has a PhD in geology.

FARHANG HEDJAZI - Technical Advisor to the President, Azerbaijan International Mining Company Limited

Farhang Hedjezi serves as technical advisor to the company since October 2009, after completion of  his duty as the project manager of Gedabek  Mine and gold plant.

He has worked for National Iranian Lead and Zinc as chief process engineer from 1986 to 1989. He then joined kahanroba Engineering Company.

He has the designed and constructed several  Zinc smelters,  Gold CIL plant, Gold Heap leach and  has managed underground mining facility.

He has MS degree in Non- ferrous Extractive metallurgy, and has worked in this field since 1985.

TIMOTHY VAN ZELLER - Operation Manager, Azerbaijan International Mining Company Limited

Tim van Zeller is Operations manager of AIMC, Gedabek operation and has 40 years experience in metallurgical processing in the mining industry. He has experience in the extractive metallurgy of gold, silver nickel and manganese having worked extensively in Africa and Central Asia. He specializes in gold processing plants as well as heap leaching.

Tim’s studies at the Universities of Rhodesia and South Africa included Analytical Chemistry, Management Development and Extractive Metallurgy.

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Shareholders                Number of ordinary shares                Holding %

Reza Vaziri                           32,796,830 29.53

Khagani Bashirov                   18.087,758 16.29    

John Sununu                   10,734,540  9.67

Limelight Industrial Developments Limited        4,038,600          3.64

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