Anglo Asian Mining PLC Regulatory News (AAZ)

20 June 2025

Anglo Asian Mining PLC

Senior management appointments

Dominic O'Hara, Director of Mining (left), Sean Lapham, Geology Director (centre), and Sergey Reznik, Senior Mining Engineer (right).

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Anglo Asian Mining PLC ("Anglo Asian" or the "Company"), the AIM listed gold, copper and silver producer primarily focused on Azerbaijan, is pleased to announce that its subsidiary, Azerbaijan International Mining Company ("AIMC"), has made a number of appointments to enhance its Senior Management Team. This will increase the expertise within the Company and boost capacity as Anglo Asian executes its medium-term growth strategy and becomes a multi-asset, mid-tier producer.

The Company is delighted to announce that Dominic O'Hara has been appointed as Director of Mining. Dominic is an experienced Mining Engineer and Manager, having worked in open pit and underground copper and gold mining operations for over 15 years across three continents. Prior to joining AIMC, Dominic worked in the consulting sector, where he conducted a wide range of projects from operational efficiency initiatives to in-depth technical studies, and previously held senior roles with Glencore and AngloGold Ashanti. Dominic's deep industry knowledge and expertise make him an invaluable addition to the Company's senior management as it expands its operating asset portfolio.

With 13 years' experience in the mining industry, Sean Lapham joins as Geology Director having worked on projects from early-stage exploration through to feasibility studies, operating mines and a wide range of geological modelling and analysis. Sean has held senior geologist positions within SLR, Mining Plus, Lagata Private Equity and Glencore Copper, and is a Competent Person for copper, gold, cobalt and tin. In his role as Geology Director, Sean will oversee all geological aspects of the Company's mineral resources and mining geology operations as it continues to leverage its asset portfolio to drive growth.

Joining as the Company's new Senior Mining Engineer (Mine Planning), Sergey Reznik holds over 15 years of experience across open-pit and underground mining operations in North America, Europe, Central Asia and the Middle East. Specialising in mine planning, design and scheduling, Sergey has a strong track record of maximising production efficiency while upholding safety and economic standards. In his new role, Sergey will support active operations and an expanding project pipeline.

The Company is also pleased to announce the appointments of Afgan Imamli and Fuad Sulkhayev as Mine Managers, who will be responsible for Demirli and Gedabek open pit mines and help reduce oversight from the Senior Management Team in day-to-day operations.

These appointments are critical to the Company executing its medium-term growth strategy of becoming a predominantly copper, multi-asset mid-tier producer, supporting the Executive team and increasing management bandwidth and expertise.

Stephen Westhead, Vice President of Anglo Asian, commented:

"I am delighted to announce these stellar additions to our Senior Management Team, enhancing our capabilities and bandwidth as we embark on our next phase of growth. As Mining Director, Dominic brings extensive industry experience and will provide a fresh perspective and considerable expertise. Sean will strengthen our resource modelling capabilities as we continue to develop the world-class Xarxar and Garadag assets, with Sergey's mine planning capabilities enabling us to seamlessly deliver production from the latest start-up projects at Gilar and Demirli.

These appointments, supported by our existing highly experienced and qualified team of which the Exploration Team comprises 1x PhD qualified, 4x PhD candidates, 3x MSc qualified and 2x MSc candidates, will significantly benefit Anglo Asian as we transition to a mid-tier, multi-asset copper-focused producer."

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About Anglo Asian Mining

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 16,760 gold equivalent ounces ("GEOs") for the year ended 31 December 2024. Production was severely restricted in 2024 due to a partial environmental shutdown but was fully restarted by the end of the year.

The Company's strategic plan for growth shows a clearly defined path for the Company to transition to a multi-asset, mid-tier, copper and gold producer by 2029, by which time copper will be the principal product of the Company, with forecast production of around 50,000 to 55,000 copper equivalent tonnes. It plans to achieve this growth by bringing into production four new mines during the period 2025 to 2029 at Gilar, Zafar, Xarxar and Garadag. The first of these new mines, Gilar, started production in May 2025.

https://www.angloasianmining.com/