Anglo Asian Mining Share Discussion Threads

[jeanesy] 26/3/2018 09:50

I have already Terropol ! ...and Celeritas the point is there was a report to put out even though some were doubting it !

[celeritas] 26/3/2018 09:45

jeanesy, and?
As expected its long and complex from a very professional company AAM have become.
This is going to be a huge year.

[mattjos] 26/3/2018 09:42

Seems pretty obvious to me that the mine-life is going to be comfortably extended.

The decisions to raise the tailings dam & order the new crusher were not made on a whim & much of this data would already have been known hence, as the company said at the time, they are persuaded by the data that production increase and extension to LOM is appropriate.

Soyudlu looks very favourable & this commentary needs re-reading to glimpse the huge potential:

"Passing the Soyudlu village, the fracture zones related to faulting trend in a north-easterly direction that links into structures passing through Boyuk Galacha, Maarif, Slavyanka, Zahmetkend, Khar-khar, and Chanlibel villages to the northwest.
The fault passing through Maarif, Slavyanka and Zahmetkend villages intersects the Atabey- Slavyanka plagiogranite intrusive. In these areas, secondary quartzites are widely spread. The secondary quartzites carry vein and veinlet copper-molybdenum mineralisation. The width of the hydrothermal alternation zone is usually 500 to 600 metres and sometimes 800 to 900 metres."

[terropol] 26/3/2018 09:40

JEANESY, Mine life will be long,,, how long depends of rate of production, but I am sure there will be mining there after our lifetime.

We should say thank you to Management for responding to shareholders wish to been updated fully on progress.

[allviewswelcome] 26/3/2018 09:39

Page 32, underground intersections feom drill holes of Gadir Mine. Is that 12.5 meters at 51g/tonne Au or am I mis-reading? It's only one section, but you rarely see figures like that if I'm not.

[catsick] 26/3/2018 09:35

Sorry not 2.5% silver 2.5kg per ton

[jeanesy] 26/3/2018 09:33

There seems some pretty high grades of silver in the newly discovered SOYUDLU area which sounds promising. Also some pockets of higher grades in the Gadir drill results. Report is very detailed. Not sure what the overall result means in terms of mine life though.

[catsick] 26/3/2018 09:32

Hmm 2.5% silver and 7% copper with 4g of gold at soyudulu is going to be worth drilling !

[bleepy] 26/3/2018 09:31

Objectives of the exploration programme in 2017

The geological programme in 2017 was designed to achieve the following main objectives:

· To bring the Ugur deposit into production.

· To better establish the gold and copper-gold distribution of the Gedabek main open pit.

· To assess the extent of the mineralisation potential of the Gadir underground mine.

· To commence exploration of the mineral potential below the Gedabek main open pit from underground.

· To establish the potential of our mineralised areas at Ordubad.



Overview of exploration activity in 2017

Extensive drilling and other exploration works were carried out at mine and near mine targets mainly at Gedabek as follows:

· 106 surface core drill-holes completed totalling 13,681 metres.

· 115 reverse circulation drill-holes completed totalling 7,870 metres.

· 63 underground HQ/NQ size underground core drill-holes completed totalling 5,042 metres.

The exploration results obtained provides a solid foundation for the recently announced 2018 geological programme.



Main results of the exploration programme in 2017

· The JORC classified resources and reserves for the Ugur mine were published following an extensive drill programme, resulting in the commencement of mining.

· The presence of further mineable copper and gold ores in the Gedabek open pit was established, confirming ore feed for the independent flotation process.

· The continuation of the Gadir ore-body down-dip was established which provides confidence in short-medium term production from Gadir.

· The presence of mineralisation beneath the Gedabek open pit was established.

· A new prospect at Soyudlu was discovered.

· Extensive alteration zones of porphyry style were discovered at Ordubad with confirmation of copper and gold mineralisation.

[gutterhead] 26/3/2018 09:24

Really needs a succinct summary of the findings

[mr roper] 26/3/2018 09:20

page 28 is worth a look.

[mr roper] 26/3/2018 09:18

the communications from these guys is utterly horrific. I'm still trying to work out what the RNS is trying to tell us and now i've found a link to a pdf on the website.

What's the headlines guys.. 3 lines. Chuckle brothers

[mattjos] 26/3/2018 09:17

Will take a while to digest this but, first impression is that the quality of the report is absolutely first-class.
This is the second detailed report out from Stephen & is completely head & shoulders above anything else you see from a junior miner on AIM.

[jeanesy] 26/3/2018 09:13

39 pages long !!

[catsick] 26/3/2018 09:13

39 pages would be better out at 7am

[catsick] 26/3/2018 09:12

Ok time to read up on the new report....

[terropol] 26/3/2018 09:11

Good morning all.
If my theory is correct we should crack the 50p by the middle of April.
Like written before. looks it took 3m month in the past to get over the 10p-20p-30p
and now been playing with the 40p.....

[mad foetus] 26/3/2018 09:06

WTF!!! Are we now expected to read the report from the website? Just give us the top line guys.

[jeanesy] 26/3/2018 09:04

So celeritas there it is !!!!

[edjge2] 26/3/2018 08:22

Mattjos when is update date, looks like 8 april from above. Copper holding so hold and hope. Could be in 50s soon when this ranging price broken as before in dec 17 imo.

[davidspringbank] 23/3/2018 15:09

Will gold break out above 1377, if so we are off to the races.

[mad foetus] 23/3/2018 14:29

I am really amazed that the share price isn't moving forward. Gold now looking strong, everything is lined up and ready to go.

[basem1] 23/3/2018 13:18

Blue would be a rather nice Colour this afternoon. Gold motoring now $1348. Good luck all. Picking my Jaguar XE R Sport up on Monday,,, very excited.

[celeritas] 23/3/2018 13:10

Very nice.
It needs some reality here.
Look at what AAM are producing
Look at what AAM have to explore just close by never mind further out in the 300 Square km
Look at the other licenses aam are exploring which I expect wont even kick in for another 10 years as too much will be going on at Gedabek.
Look at the the recoverables which need to be reclaimed before the psa kicks in
Some are moaning about drill results but the company have just reiterated 7 year mine life on current resource which hasn't changed in years. I wouldnt care but the drill results will be highly technical and hard for mere mortals to understand.

Then look at the mkt cap, have some bloody conviction.