RCS - Anglo Asian Mining - President of Azerbaijan visit to the Demirli mine

Anglo Asian MiningAnnouncement

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RNS Number : 9349O  Anglo Asian Mining PLC  15 January 2026

15 January 2026

 

 

President of Azerbaijan visit to the Demirli mine

Anglo Asian Mining plc ("Anglo Asian" or the "Company"), the AIM-listed gold,
copper and silver producer focused in Azerbaijan, is pleased to announce that
it welcomed the President of the Republic of Azerbaijan, Ilham Aliyev, on an
official visit to the Company's Demirli mine on 13 January 2026. In recent
months, the mine has achieved several key milestones, including entering
production, establishing a new logistics centre to maximise sales efficiency
and making its first copper concentrate sales.

 

The visit underscores the close cooperation between Anglo Asian and the
Government of Azerbaijan, whose supportive pro-mining approach has enabled a
highly productive relationship between the Company and the Government.

 

Hosted by the Company's CEO, Reza Vaziri, the visit included the President,
who was accompanied by the Minister of Economy Mikayil Jabbarov and Zakir
Ibrahimov, Chairman of the Executive Board of AzerGold CJSC. The Party
undertook a tour of the site, viewed the Company's logistics centre and
triggered an ore blast.

 

The Demirli mine, which employs approximately 1,000 people, is a key component
of Anglo Asian's multi-asset portfolio in Azerbaijan, which now includes three
producing mines. Demirli's successful start of production demonstrates Anglo
Asian's strong track record of bringing sites into production in a sustainable
manner, benefiting both its domestic and international stakeholders. Anglo
Asian remains focused on maintaining this track record as it targets
production from two further assets, Xarxar and Garadag, in the medium term.

 

Reza Vaziri, CEO of Anglo Asian, commented:

"On behalf of the Company and all its stakeholders, we thank the President for
his time to visit the mine. Anglo Asian is delighted with the progress it has
made in developing the Demirli mine for the benefit of all its stakeholders,
and we were immensely proud to show the President the strong contribution the
mine is making at a local and national level."

 

For further information, please contact:

 

 Anglo Asian Mining plc
 Reza Vaziri, Chief Executive Officer                           Tel: +994 12 596 3350
 Bill Morgan, Chief Financial Officer                           Tel: +994 502 910 400
 Stephen Westhead, Vice President                               Tel: +994 502 916 894
 Amir Vaziri, Chief Business Development Officer                Tel: +1 (301) 332 9938

 SP Angel Corporate Finance LLP (Nominated Adviser and Broker)  Tel: +44 (0) 20 3470 0470

 Ewan Leggat

 Adam Cowl

 Hudson Sandler (Financial PR)                                  Tel: +44 (0) 20 7796 4133

 Charlie Jack

 Harry Griffiths

About Anglo Asian Mining

Anglo Asian Mining plc (AIM:AAZ) is a copper and gold producer with a
high-quality portfolio of production and exploration assets in Azerbaijan. The
Company produced 7,915 tonnes of copper and 25,061 ounces of gold for the year
ended 31 December 2025.

 

The Company's strategic plan for growth shows a clearly defined path for the
Company to transition to a multi-asset, mid-tier, copper and gold producer by
2030, by which time copper will be the principal product of the Company, with
forecast annual production of around 50,000 to 55,000 tonnes of copper. It
plans to achieve this growth by bringing into production three new mines
during the period 2027 to 2030 at Xarxar, Garadag and Zafar, in addition to
the newly opened Gilar and Demirli mines. Production commenced at the Gilar
mine in May 2025 and Demirli in July 2025. https://www.angloasianmining.com/
(https://www.angloasianmining.com/)

 

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