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 active contract areas in Azerbaijan covering 1,062 square kilometres. Three additional contract areas located in the formerly Occupied Territories and Nagorno Karabakh have been restored to the Company and will be evaluated as soon as it is able to access them.

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 2 November 2020 of 551,000 ounces of gold, 33,400 tonnes of copper and 2,202,000 ounces of silver.
  • 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 2 November 2020 of 211,000 ounces of gold, 2,024 tonnes of copper and 326,000 ounces of silver.
  • 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
Soutely Contract Area

Soutely Contract Area

  • Located in the Kalbajar district
  • Known for having some of the largest gold deposits in the south caucasus
  • Home of the Zod mine, with estimated 75% of the mine lying within Azerbaijan
Vejnaly Contract Area

Vejnaly Contract Area

  • Covers approximately 300 square kilometres
  • Located in the mineral- rich Zangilan district
Kyzlbulag Contract Area

Kyzlbulag Contract Area

  • Located in Nagorno Karabakh’s northern Martkert region
  • Contains the Kashen deposit
  • Estimates have been recently published that the deposit contains 275,000 metric tonnes of copper and 3,200 metric tonnes of molybdenum