About us

About us

Anglo Asian Mining PLC is quoted on AIM (ticker - AAZ) and has a portfolio of gold, copper and silver exploration and production assets in Azerbaijan. The Company’s key operations span three contract areas in Azerbaijan covering 1,062 square kilometres. Three additional contract areas covering 900 square kilometres are held in territories occupied by Armenia. The Company started to produce gold in May 2009 at its open pit mine at Gedabek in Western Azerbaijan. Gadir, an underground mine 700 meters from the Gedabek open pit, commenced production in 2015. Ugur, a newly discovered gold ore deposit located three kilometres from the Company’s processing facilities at Gedabek, is currently being developed with first production expected in the fourth quarter 2017.

The Company has a second underground mine in the 300 square kilometre Gosha contract area located 50 kilometres north-west of Gedabek. Gosha is currently being operated as a small, high grade, underground gold mine.

Ore mined at Gedabek and Gosha is processed to produce either gold doré or a copper and precious metals concentrate using several industrial processes:

  • Heap leaching of crushed and Run of Mine (ROM) ore
  • Agitation leaching
  • Flotation
  • Sulphidisation, Acidification, Recycling and Thickening ("SART")

Gedabek contract area

  • 300 square kilometre licence area
  • Mining and exploration rights until March 2022
  • Gedabek gold, copper and silver open pit mine
  • Newly discovered Ugur gold ore deposit currently being developed
  • 65,394 ounces of gold and 1,941 tonnes of copper produced in 2016
  • New JORC reserve report in 2014 showing 682,000 ounces of gold, 102,000 tonnes of copper and 4.84 million ounces of silver
  • Gadir underground mine 700 meters from the existing open pit mine
  • All processing of ore carried out at Gedabek

Gosha contract area

  • 300 square kilometre licence area
  • Being operated as a small, high grade mine
  • Ore mined at Gosha is transported to Gedabek for processing
  • Non-JORC resource of about 40,000 ounces of gold

Ordubad contract area

  • 462 square kilometre licence area
  • Notice of discovery disclosed for one target comprising several targets
  • Exploration underway

Additionally, the Company has a 900 square kilometre land holding in the occupied territories which will be developed when the political situation allows.

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