REG - Anglo Asian Mining - Update on investment in Libero Copper & Gold Corp

Anglo Asian MiningAnnouncement

16/02/2024 07:00

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RNS Number : 3524D  Anglo Asian Mining PLC  16 February 2024

16 February 2024

 

Anglo Asian Mining PLC

Update on investment in Libero Copper & Gold Corporation

 

Anglo Asian Mining PLC ("Anglo Asian" or the "Company"), the AIM listed gold,
copper and silver producer focused in Azerbaijan, announces that Michael
Sununu, Non-Executive Director of the Company has resigned from the Board of
Libero Copper & Gold Corporation ("Libero"). This follows Anglo Asian's
holding in Libero falling to 5.7 per cent., lower than the 9.9 per cent.
threshold that entitles the Company to maintain a Director on the Board of
Libero. Anglo Asian's holding in Libero has reduced as it has not participated
in several recent rounds of financing.

 

**ENDS**

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

 

About Anglo Asian Mining

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 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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