REG - Anglo Asian Mining - Illegal Mining of Mineral Resources in Karabakh

Anglo Asian MiningAnnouncement

20/12/2022 07:00

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RNS Number : 2398K  Anglo Asian Mining PLC  20 December 2022

Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining

 

20 December 2022

 

Anglo Asian Mining PLC

Illegal Mining of Mineral Resources in Karabakh

Representations to United Nations, US State Department, UK Foreign Office and
EU

 

Anglo Asian Mining PLC ("Anglo Asian" or the "Company") has written to senior
representatives from a number of international organisations and governments,
including the United Nations, the US State Department, the UK Foreign Office
and the European Union about Anglo Asian's business and mining rights to
properties currently being exploited by others. The Company is requesting
support from these authorities for the restoration of its legitimate business
rights and the safe physical access for Anglo Asian's employees to the
Kyzlbulag and Demirli mines and surrounding exploration territory in Karabakh.
 

 

Previously in 2006, Anglo Asian sent similar letters of confirmation to each
of these government bodies to formally confirm its priority of ownership.

 

In addition to its principal assets in Azerbaijan, Anglo Asian Mining PLC also
has legal title to two contract areas in Karabakh, which host the Kyzlbulag
copper-gold mine and the Demirli copper-molybdenum mine. These contract areas
are within the region controlled by the Russian peacekeeping force, but the
Company believes illegal mining by Armenian companies has been and continues
to be conducted in these concession areas.

 

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:

 Reza Vaziri       Anglo Asian Mining plc          Tel: +994 12 596 3350
 Bill Morgan       Anglo Asian Mining plc          Tel: +994 502 910 400
 Stephen Westhead  Anglo Asian Mining plc          Tel: +994 502 916 894
 Ewan Leggat       SP Angel Corporate Finance LLP  Tel: +44 (0) 20 3470 0470

 Adam Cowl         Nominated Adviser and Broker
 Charlie Jack      Hudson Sandler                  Tel: +44(0) 20 7796 4133

 Harry Griffiths

Notes to Editors:

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 December 2021, the Company undertook a private placement which acquired
19.8 per cent. of Libero Copper & Gold Corporation ("Libero"). Libero is
listed on the TSX Venture Exchange in Canada and owns, or has the option
to acquire, several copper exploration properties in North and South America,
including Mocoa in Colombia, one of the world's largest undeveloped
copper-molybdenum resources.

 

On 5 July 2022, the Parliament of Azerbaijan ratified amendments to the
Company's Production Sharing Agreement, which granted it legal title to 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.

 

 

 

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