REG - Anglo Asian Mining - Resumption of Normal Agitation Leaching Production

Anglo Asian MiningAnnouncement

01/10/2024 07:00

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RNS Number : 3309G  Anglo Asian Mining PLC  01 October 2024

1 October 2024

 

Anglo Asian Mining plc

Resumption of normal production from agitation leaching at Gedabek

 

Anglo Asian Mining plc ("Anglo Asian" or the "Company"), the AIM-listed gold,
copper and silver producer focused on Azerbaijan, is pleased to announce that
agitation leaching has now resumed normal production at Gedabek.

 

Following authorisation to raise the wall of its tailing dam on 5 August 2024,
the Group commenced commissioning the restart of its agitation leaching plant.
This commissioning has now finished and the agitation leaching plant has
resumed normal production. During commissioning (the period until 30 September
2024), the agitation leaching plant produced 523 ounces of gold doré.

 

The Group remains on schedule to restart its flotation processing in November
with first production from the Gilar mine in December.

 

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

 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

 

Notes to Editors:

Anglo Asian Mining plc (AIM:AAZ) is a gold, copper and silver producer with a
high-quality portfolio of production and exploration assets in Azerbaijan.
The Company produced 31,821 gold equivalent ounces ("GEOs") for the year
ended 31 December 2023.

 

On 30 March 2023, the Company published its strategic plan for growth which
shows a clearly defined path for the Company to transition to a multi-asset,
mid-tier, copper and gold producer by 2028, by which time copper will be the
principal product of the Company, with annual forecast production of around
36,000 copper equivalent tonnes. It plans to achieve this growth by bringing
into production four new mines during the period 2024 to 2028 at Zafar, Gilar,
Xarxar and Garadag.

 

https://www.angloasianmining.com/ (https://www.angloasianmining.com/)

 

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