REG - Anglo Asian Mining - Demirli sales agreement

Anglo Asian MiningAnnouncement

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RNS Number : 7600F  Anglo Asian Mining PLC  03 November 2025

3 November 2025

Anglo Asian Mining plc

Copper concentrate sales agreement with Trafigura for its Demirli mine

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 contracted to sell concentrate produced at its Demirli copper mine in
Karabakh to Trafigura Pte Ltd ("Trafigura"). The sales contract includes a
revolving prepayment facility of up to $25 million.

Anglo Asian has now received the necessary licences to operate the processing
plant at its Demirli mine from the Government of Azerbaijan (the
"Government"). The finalisation of the required documentation is ongoing, but
the licences have been granted in parallel with this process. Anglo Asian has
also been granted a permit to use the existing tailings dam for up to 12
months, during which period a second tailings dam will be constructed. The
operating lease for the Demirli processing plant commenced on 1 October 2025.

A copper concentrate sales contract has been signed with Trafigura which has
been approved by the Government. The Company expects the first sale of
concentrate will be completed in mid-November 2025.

Reza Vaziri, CEO of Anglo Asian, commented:

"I am delighted that we have received all the relevant licenses to operate the
plant and tailings dam at Demirli, an important milestone as the mine becomes
fully operational and increasingly contributes to Group production. The
obtaining of all relevant licenses together with the Trafigura sales contract
enables us to now commence copper concentrate sales and deliver value from
Demirli."

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 377 tonnes of copper and 15,073 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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