26 November 2024
Anglo Asian Mining
plc
Resumption of normal
production from flotation at Gedabek and completion of the first
raise of the tailings dam wall
Anglo Asian Mining plc ("Anglo
Asian" or the "Company"), the AIM-listed gold, copper and silver
producer focused on Azerbaijan, is pleased to announce that
flotation processing has now resumed normal production at Gedabek,
with ore being processed from both stockpiles and freshly mined ore
from the main open pit. As previously reported, the agitation leach
plant was restarted in September and so all processing facilities
at Gedabek are now back into full production.
The Company has now also completed
the first stage of raising the wall of its existing Gedabek
tailings dam. The Company announced earlier in the year
that it has committed to implement the Global
Industry Standard on Tailings Management ("GISTM") at its
operations at Gedabek. The standard strives
to achieve the ultimate goal of zero harm to people and the
environment with zero tolerance for human
fatality.
Market Abuse Regulation (MAR)
Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014, which was incorporated
into UK law by the European Union (Withdrawal)
Act 2018, until the release of this announcement.
For further information please
contact:
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Anglo Asian Mining plc
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Reza Vaziri, Chief Executive
Officer
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Tel: +994 12 596 3350
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Bill Morgan, Chief Financial
Officer
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Tel: +994 502 910 400
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Stephen Westhead, Vice
President
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Tel: +994 502 916 894
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SP
Angel Corporate Finance LLP (Nominated Adviser and
Broker)
Ewan Leggat
Adam Cowl
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Tel: +44 (0) 20 3470 0470
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Hudson Sandler (Financial PR)
Charlie Jack
Harry Griffiths
|
Tel: +44
(0) 20 7796 4133
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Notes to Editors:
Anglo Asian Mining
plc (AIM:AAZ) is a gold, copper and silver producer with a
high-quality portfolio of production and exploration assets
in Azerbaijan. The Company produced 31,821 gold equivalent
ounces ("GEOs") for the year ended 31 December
2023.
On 30 March 2023, the Company
published its strategic plan for growth which shows a clearly
defined path for the Company to transition to a multi-asset,
mid-tier, copper and gold producer by 2028, by which time copper
will be the principal product of the Company, with annual forecast
production of around 36,000 copper equivalent tonnes. It plans to
achieve this growth by bringing into production four new mines
during the period 2024 to 2028 at Zafar, Gilar, Xarxar and
Garadag.
https://www.angloasianmining.com/