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AIM:AAZ FRA:A4A

Anglo Asian Mining PLC

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Market:
AIM
Market Cap:
£144.13 m
Price
126.00 GBX
Change
-5.26%
52 weeks high
175.00
52 weeks low
68.65

In brief

Anglo Asian Mining PLC is quoted on AIM (ticker – AAZ) and has a portfolio of gold, copper and silver production and exploration assets in Azerbaijan.

The Company’s key operations span three contract areas in Azerbaijan covering 1,062 square kilometres. Three additional contract areas covering 900 square kilometres are held in territories occupied by Armenia. The Company started to produce gold in May 2009 at its open pit mine at Gedabek in Western Azerbaijan. Gadir, an underground mine 700 meters from the Gedabek open pit, commenced production in 2015. Ugur, a newly discovered gold ore deposit located three kilometres from the Company’s processing facilities at Gedabek commenced production in September 2017.

The Company has a second underground mine in the 300 square kilometre Gosha contract area located 50 kilometres north-west of Gedabek. Gosha is currently being operated as a small, high grade, underground gold mine.

Ore mined at Gedabek and Gosha is processed to produce either gold doré or a copper and precious metals concentrate using several industrial processes:

  • Heap leaching of crushed and Run of Mine (ROM) ore
  • Sulphidisation, Acidification, Recycling and Thickening (“SART”)
  • Agitation leaching
  • Flotation

 

 

 

Snapshot

  • Azerbailan-focused miner copper, gold and silver miner
  • Directors hold significant stakes
  • Exploration could turn Anglo Asian's ground into a mining camp