The Demirli deposit is adjacent to the Kyzlbulag contract area and expands the Kyzlbulag contract area to the northeast.
The Government of Azerbaijan restored its sovereignty over Karabakh in 2023 and in 2024 the Group acquired limited access to the Demirli mine and plant.
74 km2
The commissioning and first production from the Demirli copper mine in the Karabakh Economic Region of Azerbaijan started in June of 2025. Commissioning is ongoing with production expected to ramp up until the end of this year.
The Company forecasts that Demirli will produce approximately 4,000 tonnes of copper in concentrate during 2025. From 2026 onwards, production is expected to increase to approximately 15,000 tonnes of copper per annum.
There is significant potential for additional mineral resources at Demirli, with already known extensions to the current pit area, together with other nearby copper targets being identified for future evaluation. A regional exploration programme will be carried out in due course.
The life of mine will be determined following the future development of the geological and mineral resource model.
The Demirli mine and plant comprises two contiguous open pits and a six million tonnes per annum flotation plant to produce copper concentrate, together with a smaller molybdenum flotation plant. There is good access to Demirli from Baku over mainly metalled roads. There is also an existing mining fleet, a tailings dam and accommodation facilities.