REG - Anglo Asian Mining - Resumption of Normal Flotation Production

Anglo Asian MiningAnnouncement

26/11/2024 07:00

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RNS Number : 5784N  Anglo Asian Mining PLC  26 November 2024

26 November 2024

 

Anglo Asian Mining plc

Resumption of normal production from flotation at Gedabek and completion of
the first raise of the tailings dam wall

 

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
flotation processing has now resumed normal production at Gedabek, with ore
being processed from both stockpiles and freshly mined ore from the main open
pit. As previously reported, the agitation leach plant was restarted in
September and so all processing facilities at Gedabek are now back into full
production.

 

The Company has now also completed the first stage of raising the wall of its
existing Gedabek tailings dam. The Company announced earlier in the year that
it has committed to implement the Global Industry Standard on Tailings
Management ("GISTM") at its operations at Gedabek. The standard strives to
achieve the ultimate goal of zero harm to people and the environment with zero
tolerance for human fatality.

 

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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