REG - Anglo Asian Mining - Flotation plant upgrade & record copper production

Anglo Asian MiningAnnouncement

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RNS Number : 0974L  Anglo Asian Mining PLC  11 December 2025

11 December 2025

Upgrades to the Gedabek flotation plant and record Gedabek copper production
in November

Anglo Asian Mining PLC ("Anglo Asian" or the "Company"), the AIM-listed gold,
copper and silver producer focused in Azerbaijan, is pleased to announce it
has started production from two new larger filter presses and an associated
thickener at its Gedabek flotation plant.

As announced on 16 October 2025, the Company installed a second new filter
press at its Gedabek flotation plant. This was part of an upgrade to replace
its previous filter presses with two new larger filter presses, which have the
capacity to process the higher-grade ore from the new Gilar mine. A new
thickener to feed the filter presses has also been installed. The two filter
presses and thickener were sourced from Yon Proses & Filtrasyon Teknoloji
in Türkiye at a cost of $0.5m and are now fully operational. The installation
of the two new filter presses and thickener will increase future copper
production.

Construction work on the project to increase the efficiency and productivity
of the flotation plant will commence early next year, including the
installation of an additional line of Imhoflot Pneumatic rougher and cleaner
flotation cells. The Company has already procured the Imhoflot Pneumatic cells
which are on site. A contract for $1.6m with Proses Mühendislik A.S. for the
installation of the cells has been signed, with the additional line of
flotation cells expected to increase the recovery of metals. The flotation
plant is currently undergoing preparatory work for the installation of the new
cells, including electrical and foundation work. The Company currently has a
stockpile of 53,190 tonnes of Gilar ore containing 1.8 grammes per tonne of
gold and 3.58 per cent. of copper, which will be processed next year through
the expanded plant.

The recent modifications to the flotation plant resulted in November being a
record month for the production of copper at Gedabek. Total copper production
from flotation and SART was 688 tonnes.

Stephen Westhead, Vice President of Anglo Asian, commented:

"Since we brought the new Gilar mine into production in May 2025, there has
been a bottleneck at the filter presses due to the ore grades being higher
than the forecast average. These upgrades to our flotation plant enable us to
efficiently process this ore variability, which is particularly valuable to
Anglo Asian considering global copper demand. This upgrade was completed on
time and on budget, and as a result has enabled us to deliver our highest ever
monthly copper production.

 

"These are exciting times for Anglo Asian, and we look forward to continuing
to execute our growth strategy at pace."

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed
inside information for the purposes of Article 7 of Regulation (EU) No
596/2014, which was incorporated into UK law by the European
Union (Withdrawal) Act 2018, until the release of this announcement.

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 378 tonnes of copper and 15,071 ounces of gold for the year
ended 31 December 2024. In the nine months to 30 September 2025, the Company
produced 3,475 tonnes of copper and 18,912 ounces of gold.

 

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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