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