Anglo Asian Mining PLC’s strategy is to continue building a leading copper, gold and silver producer in Azerbaijan and pursue strategic investments in other regions.

In March 2023, Anglo Asian Mining plc announced its medium-term growth strategy. This culminates in the Company’s transition to a multi-asset, mid-tier producer with copper as our principal product.

Having assembled a portfolio of high-quality production and development assets, the Company is well positioned to establish a significant copper-gold mining district in the Gedabek region in Azerbaijan, supplemented by other in-country assets and overseas investments. In July 2022, Anglo Asian was awarded the Garadag and Xarxar licences, which underpin the strategic growth plan. The strategy has two phases of growth. In Phase 1 (‘Transition’), production at the currently operating Gedabek and Gadir mines will be managed to maximise theiroutput as they come to the end of their expected mine lives. Concurrently,  during 2023 to 2026, the Company plans to bring into production three new mines at Zafar, Gilar and Xarxar. Phase 2 (‘Transformation’) builds on this growth with the development of Garadag. The Company assesses Garadag to have the potential to produce over 300,000 tonnes of copper.

Further information on the strategy can be found below:

30 March 2023

Medium-Term Growth Strategy

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Medium-Term Growth Strategy

Strategic plan for transformation to mid-tier copper and gold production.

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