Exploration

The 462 square kilometre Ordubad Contract Area is in the Nakhichevan region of Azerbaijan and contains numerous targets including Shakardara, Piyazbashi, Misdag, Agyurt, Shalala and Diakchay, which are all located within a 5 kilometre radius. Exploration activities are ongoing at the Contract Area including a preliminary remote sensing study, adit cleaning and re-sampling of adits in two regions, Pyazbashi and Agyurt, and trenching and sampling in the Daste Bashi region.

Development at Ordubad forms part of the Group’s longer-term development portfolio as a mid-tier gold, copper and silver mining company.

Access to the Nakhchivan exclave via the Syunik district of Armenia

The exclave of Nakhchivan hosts the Company’s Ordubad contract area. Nakhchivan is currently separated from the rest of Azerbaijan by the Syunik region of southern Armenia. As part of the agreement to cease hostilities, a corridor through the southern part of the region will be given to Azerbaijan to build direct road and rail links between Nakhchivan and the rest of Azerbaijan. These projected transport links will greatly aid the Company in its efforts to develop and exploit the resource potential of its Ordubad contract area in Nakhchivan. 

The recent Ordubad exploration reports can be downloaded below.