Last checked at 5 Jun 2015 10:05
Anglo Asian Mining PLC / Ticker: AAZ / Index: AIM / Sector: Mining
5 June 2015
Anglo Asian Mining PLC
Posting of annual report and accounts and notice of annual general meeting
Anglo Asian Mining PLC ("Anglo Asian" or "the Company"), the AIM listed gold, copper and silver producer focused in Azerbaijan, is pleased to announce that its annual report and accounts for the year ended 31 December 2014 was posted yesterday to shareholders and is now available for download on the Company's website, www.angloasianmining.com.
The Company also announces that it has posted the notice of annual general meeting ('AGM') to shareholders yesterday. The Company's AGM will be held at 11.00 am on 29 June 2015 at the offices of Squire Patton Boggs (UK) LLP, 7 Devonshire Square, Cutlers Gardens, London EC2M 4YH.
**ENDS**
For further information please visit www.angloasianmining.com or contact:
Reza Vaziri | Anglo Asian Mining plc | Tel: +994 12 596 3350 |
Bill Morgan | Anglo Asian Mining plc | Tel: +994 50 291 0400 |
Ewan Leggat | SP Angel Corporate Finance LLP | Tel: +44 (0) 20 3470 0470 |
Stuart Gledhill | SP Angel Corporate Finance LLP | Tel: +44 (0) 20 3470 0470 |
Felicity Winkles | St Brides Partners | Tel: +44 (0) 20 7236 1177 |
Lottie Brocklehurst | St Brides Partners | Tel: +44 (0) 20 7236 1177 |
Notes
Anglo Asian Mining plc (AIM:AAZ) is a gold, copper and silver producer in Central Asia with a broad portfolio of production and exploration assets in Azerbaijan. The Company has a 1,962 square kilometre prospective exploration portfolio, assembled from analysis of historic Soviet geological data and held under a Production Sharing Agreement modelled on the Azeri oil industry.
The Company developed Azerbaijan's first operating gold/copper/silver mine, Gedabek, which commenced gold production in May 2009. Gold production for the year ended 31 December 2014 from Gedabek totalled 60,285 ounces and 784 tonnes of copper. The Company is also developing a second resource area, Gosha, which is 50 kilometres from Gedabek, and the ore produced at Gosha is processed at Anglo Asian's Gedabek plant. The Company's production target for full year 2015 is between 70,000 ounces and 75,000 ounces of gold. Gedabek is a polymetallic deposit and its ore has a high copper content, and as a result the Company produces copper concentrate from its Sulphidisation, Acidification, Recycling, and Thickening (SART) plant. Anglo Asian is also constructing a small scale, low capital expenditure flotation plant to produce a copper and precious metal concentrate. This will initially process ore from its existing stockpiles of sulphide ore with a high copper content.
Anglo Asian is also actively looking to exploit its first mover advantage in Azerbaijan to identify additional projects, as well as looking for other properties in order to fulfil its expansion ambitions and become a mid-tier gold and copper metal production company.