Anglo Asian Mining PLC is quoted on AIM (ticker – AAZ) and has a portfolio of gold, copper and silver production and exploration 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 commenced production in September 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
  • Sulphidisation, Acidification, Recycling and Thickening (“SART”)
  • Agitation leaching
  • Flotation
Gedabek Contract Area

Gedabek Contract Area

  • 300 square kilometre licence area
  • Mining and exploration rights until March 2022 which can be extended by 10 years
  • Three mines at Gedabek
  • Latest JORC mineral resource for the Gedabek open pit mine released on 14 March 2019 of around one million ounces of gold which has extended the mine life to 2024
  • Latest JORC mineral resource for the Ugur open pit mine released on 14 August 2017 of 199,000 ounces of gold and 1,049,000 ounces of silver
  • Latest JORC mineral resource for the Gadir underground mine released on 14 March 2019 of 172.4 thousand ounces of gold, 840.4 thousand ounces of silver and 3,866 tonnes of copper.
  • All processing of ore carried out at Gedabek
Gosha Contract Area

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

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.