Anglo Asian Mining Share Discussion Threads

[mattjos] 08/12/2022 09:31

Detail of the news apart, I am pleased to see that the company now starting to get news out & moving onto the front foot.
Rather than one long RNS covering a myriad of topics, this looks to me like they are going to issue more RNS with each one dedicated to one particular subject.
Makes it much easier for the market to understand what's now developing here

[bumpa33] 08/12/2022 09:10

Quick ‘n easy short trade this morning on PANR. Yet another RNS from them dragging it out. Near certain at some point (committed) longs will get blown away there…

[terropol] 08/12/2022 08:57

DONALDPOND, I have been adding and will keep doing...

[terropol] 08/12/2022 08:46

Well the waiting game is starting to pay here.
Great results on GILAR and I would have thought more excellent news to come??
At AAZ we have a great team of personnel at all levels, starting from a first class CEO.
Roll on 2023.

[donald pond] 08/12/2022 08:36

Now would be a good moment to buy back a few. Or even for the directors to buy some

[riggerbeautz] 08/12/2022 08:29

Great point jb2 whilst others are looking for doubts.

[jbravo2] 08/12/2022 08:21

We all know how good Ugur was for the company right?
Compare and contrast these results with Ugur.
These are miles better.

[donald pond] 08/12/2022 08:17

On L@, 2 v 1, all green except JBER which hasn't moved and is 85-95.

[2sporrans] 08/12/2022 08:14

JB

"Flotation first to remove the copper, then AL to get the gold. Otherwise that copper will send reagent costs up a lot at the AL plant"

Makes perfect sense.

Could it also be that, seeing this will be by underground extraction, lots of passages, some/much of the gold can be selectively extracted such that the copper% is quite low and trundle directly into the AL plant?

Looking at the sub-samples, this seems a distinct possibility.
A few there like:
3.00m 'thick' 4.29g/t gold 0.08% copper 0.02% zinc

[katsy] 08/12/2022 08:08

Excellent drill results but I suspect the market will treat this news will go like all the other drill results, consigned to history. Remember the bonanza gold grade news, the $3bn of copper news. Hope I wrong, market just wants to see profit!!

[cordwainer] 08/12/2022 08:06

the way they report drilling over at SHG they love to maximise grades by including (sub-)intervals as little as 60cm for example. are there any rules or guidelines or is just a little creative licence ?

[jeanesy] 08/12/2022 07:58

Share price start looking like 89p? Back to the 90's today hopefully Those were the days :)

[donald pond] 08/12/2022 07:54

A lot depends on how and where they drill the tunnel. If the ground is solid enough and the topography suitable a shallow sloping tunnel with a conveyor belt could take the ore quite a way to the processing plantIt is very exciting news, no disputing it

[jeanesy] 08/12/2022 07:53

Looka like excellent results from Gilar drill. Very nice grades and thick too. Lets hope it is easy to access and not too expensive. What will mr market make of them lol :)

[2sporrans] 08/12/2022 07:52

Agreed LLB

Hopefully Gilar, Vejnaly and Gosha will come up with enough higher grade gold of suitable qualities to keep the dore production via the AL plant at or above this year's for several more to come and at tolerably low costs.
Could be a good few more years left in Gedabek-Gadir underground after the main open pit is exhausted which won't be long away.

Bear in mind these latest good assays are ADDITIONAL to a fair number of other good ones previously.
All 6 are good; even the meanest one is decent:

22GLDD97 38.00m 'thick' 0.86g/t gold 0.36% copper 1.00% zinc

For a runt, that's pretty good.

4 of the 6 look really good to me, especially from a gold perspective and AL/dore feed in mind.
Knocking around 50m 'thick' continuous av. of over 2g/t gold.

[cordwainer] 08/12/2022 07:51

.. conceding that the headline grades are less than half the overall economics I withdraw my 'expertise' lol. Appreciate you guys making my glass half full rather than half empty.

[jbravo2] 08/12/2022 07:39

I doubt the capex for this alone is significant 1hercule.
It’ll be processed through the existing plant. So it’s a few million for more underground equipment and for the associated drive to depth.

Matt and I were talking yesterday and were musing about the processing plant. I said I presume they’ll be moving back to in series processing rather than in parallel. This ore, a high copper high gold ore is entirely the sort of ore that’ll need in series.

Flotation first to remove the copper, then AL to get the gold. Otherwise that copper will send reagent costs up a lot at the AL plant

[laurence llewelyn binliner] 08/12/2022 07:37

#1Hercule, quite likely as we do have a lot to be going on with now, on CAPEX, if we said no more than Zafer to get into it, that should be on the safe side, but the plant to deal with it is already budgeted for.. :o)

[wanobi] 08/12/2022 07:31

Good morning all, Cheers Wan :-)AAZ :-) :-) :-)

[1hercule] 08/12/2022 07:30

Any ideas on the capex for this? Maybe thats why they didnt do the buybacks.

[laurence llewelyn binliner] 08/12/2022 07:28

#3Sporrons, roll on the JORC indeed, if the ore body is half of Zafer and 4 times the grade that will be fantastic, we are already expanding the flotation side of the plant to accommodate the additional Copper/Zinc ores..This underpins the feed stock to the plant which is currently booked for 6/7 years for Zafer, and some blending will further raise the Copper/Zinc outputs..

[1hercule] 08/12/2022 07:28

Cant you use a vpn Canalet?

BTW good news at AAZ this morning

[jbravo2] 08/12/2022 07:28

:D
Cordwainer - that well known drilling expert.
Anyone who’s been in gold producers any length of time knows they’re good

[1hercule] 08/12/2022 07:25

Not sure where cordwainer is coming from as they look impressive to me.

Perhaps you could explain Cordwainer?

[jbravo2] 08/12/2022 07:22

Wow
That’s a lotta gold