Anglo Asian Mining Company Profile

Anglo Asian Mining

LOW COST GOLD AND COPPER PRODUCER WITH EXTENSIVE MINING CONCESSIONS IN WESTERN AZERBAIJAN ON THE FAMOUS TETHYAN MINERALISATION BELT. CURRENT ANNUAL PRODUCTION OF 70,000-75,000 GOLD EQUIVALENT OUNCES. PRODUCTION IS INCREASING FOLLOWING OPTIMISATION INITIATIVES AND THERE IS FURTHER EXPLORATION POTENTIAL FOLLOWING IDENTIFICATION OF SEVERAL NEW HIGH-GRADE TARGETS
Company Exposure

Gold and Copper

Company Listing

Anglo Asian Mining

Stock Code

AIM:AAZ

Company Overview



Low cost gold and copper producer with extensive mining concessions in Western Azerbaijan on the famous Tethyan Mineralisation belt. Current annual production of 70,000-75,000 gold equivalent ounces. Production is increasing following optimisation initiatives and there is further exploration potential following identification of several new high-grade targets.

 

Investment Proposition

• ESTABLISHED – produced first gold in May 2009

• EXPERIENCED – highly qualified team with decades in the industry who are aligned with the Company’s shareholders – directors own 40 per cent. of the Company

• FIRST MOVER ADVANTAGE – only listed miner in Azerbaijan

• CASH GENERATIVE – highly cash generative with fast reducing debt

• FAST TRACK ABILITY – Ugur mine brought into production in one year from discovery

• EXPLORATION POTENTIAL – several high-grade targets under investigation

Live Financials

Team

Khosrow Zamani – Non-Executive Chairman
Reza Vaziri – President and Chief Executive
Richard Round – Non-Executive Director
John Monhemius – Non-Executive Director
John Sununu – Non-Executive Director
Farhang Hedjazi – VP Technical Services
Bill Morgan – Chief Financial Officer
Stephen Westhead – Director of Geology and Mining

Share Price Performance

Projects Overview


Gedabek

• Location of Group’s open pit and underground mines and processing facilities
• Azerbaijan’s first goldmine in modern times
• Excellent infrastructure and connected to electricity grid
• Low cost labour available locally
• Considerable further exploration potential

Other Azerbaijan Operations

In addition to Gedabek, the Company has five other contract areas in Azerbaijan and the occupied territories, two of which are active – Gosha in production and Ordubad which is being explored. Total area under contract of 1,962 square kilometres

Ugur

The Company’s new open pit mine at Gedabek:• Commenced production in September 2017
• Producing approximately 7,000 ounces of gold per month
• Discovery to production was achieved in one year – demonstrating the ability of the Company to extremely fast track projects
• JORC mineral resource of 199,000 ounces

 

The Company is actively exploring several similar mineralised zones at Gedabek.

Free digging of oxide ore at Ugur
Panoramic view of the Ugur Deposit

Contact Details

WEBSITE: www.angloasianmining.com

PHONE: +994 (12) 596 3350

[easy-social-share buttons=”facebook,twitter,google,linkedin,print,mail” counters=0 style=”icon” template=”clear-retina” nospace=”yes”]

Subscribe To The Assay Weekly Newsletter

Thank you for subscribing