Anglo Asian Mining Share Discussion Threads

[bleepy] 13/9/2017 09:13

Celeritas, exploration of Bittibulag has been going for some time, I'm sure Stephen Westhead will maximise any potential findings. Also believe they have been holding back on Bittibulag for some good reason no doubt. The resource from memory is copper and would now fit nicely alongside the increasing international need for EV's.

[mattjos] 13/9/2017 09:11

we knew at the drilling phase that the rock was very soft and the testing confirmed it was very amenable to leaching with a good recovery rate

[cannonfodd3r] 13/9/2017 09:08

The main thing to take from this news is

Mining conducted by conventional shovel and truck haulage before crushing and agitation leaching treatment

* UGUR ore treated only by agitation leaching - flotation plant is now independently processing mainly high sulphide stockpiled ore

Costs are minimal, not even blasting required!

[goodgrief] 13/9/2017 09:08

That's more like it! I thought a 1p rise was a bit miserly.

[mattjos] 13/9/2017 09:06

that new haul road goes straight past Bittibulag, Celeritas.
The company has been active there for a long, long time & last year I found that report by the AAZ Azeri Geologist that detailed the ore type present, which was quite bullish.
Sadly, very shortly after I posted the link to that report, access to the report was restricted!

[celeritas] 13/9/2017 09:03

bleepy, I'm also very interested in Bittibulag, could be another quick mine for aaz.

[stealive] 13/9/2017 09:01

Absolutely and with production up 116% From previous 8 months things are looking good

[mattjos] 13/9/2017 09:01

through the recent highs now and certainly going to have a damn good bash on 30p today!

[mattjos] 13/9/2017 08:55

Anyone watching this company from the gold mining sector is going to be seriously impressed with it's growing technical abilities and track-record of delivery.

They've demonstrated they can run F+L or L+F, now they are showing they can quickly switch to two parallel streams of processing according to availability or Ore types.
In the background they have heap leach and SART & now the water plant reprocessing the tailings and cleaning up the water to a state that it can be discharged into the natural water courses and reduce the need for tailings dam expansion.

& we still have exploration ongoing in areas where we now have a new haul road back to Gedabek

[bleepy] 13/9/2017 08:54

Not forgetting ongoing exploration whilst awaiting results of Bittibulag

[celeritas] 13/9/2017 08:51

Excellent update, 7am would have been nice Reza.
Zhockey, you could give buffet a run for his money with your perfectly timed trades.

[bleepy] 13/9/2017 08:50

Highlights

* Significantly increased average daily gold production from Ugur - average daily gold doré production for first 10 days of September has more than doubled compared to the average daily production of the previous eight months

* Mining conducted by conventional shovel and truck haulage before crushing and agitation leaching treatment

* UGUR ore treated only by agitation leaching - flotation plant is now independently processing mainly high sulphide stockpiled ore

* Production at Ugur being conducted in parallel with optimisation and expansion initiatives across Gedabek to deliver a long-term, sustainable and profitable mining operation


Excellent update, more than doubling average daily production in the first weeks whilst in the process of ramping Ugur toward full production.

Q4/17 will also see Gadir and Gosha return to production with Gedabek open pit returning to production in Q1/18.

Production initiatives alongside optional plant configuration will provide sustainable mining, increased production and substantial cost savings.

[basem1] 13/9/2017 08:47

Anything over 10000 shares I'm being qouted 29.9p to buy.

[zhockey] 13/9/2017 08:45

Jbravo, well with the benefit of hindsight we would all be very rich :)

[jbravo2] 13/9/2017 08:42

Fabulous news. Well done AAZ.

Only surpassed by the news that mr hockey has put the £5 he had left after selling here at 18p, sticking it in PVR to see it more than half only to buy back in here at 28p.
Surely you would have been better sticking it in your latest thing? Think how many shares you'd get at EUA with that money. Well done mr hockey

[mattjos] 13/9/2017 08:37

terrific achievement by AAZ ... how many other miners do you know that go from Discovery to Production in this period of time?
And at same time work on plant optimisation and further exploration???

212 ounces per day of gold doré at startup and more to come as the production ramps up & coming at a time with gold clearly over $1,300 / oz

Well done AAZ !

[zhockey] 13/9/2017 08:32

Back in on the dip :)

[jailbird] 13/9/2017 08:30

Not sure of costsBut since higher gold and copper production this year at higher pricesHow much debt payment increase is forecasted ..£15m last year .. £20m +this year ?

[jailbird] 13/9/2017 08:26

Being offered 27.15pMarket likes the update

[cannonfodd3r] 13/9/2017 08:20

Unlucky zhockey

[homebrewruss] 13/9/2017 08:11

Good news indeed. Only criticism is it would be good if they could get into the habit of releasing news at 7am for more impact.

[gutterhead] 13/9/2017 08:04

Very solid and underpins the annual forecast

[mattjos] 13/9/2017 08:03

Nice update

[mattjos] 12/9/2017 22:43

lol .. bit cooler than Jordan :-)