Anglo Asian Mining PLC Resumption of Normal Flotation Production

RNS Number : 5784N

Anglo Asian Mining PLC

26 November 2024

 

26 November 2024

 

Anglo Asian Mining plc

Resumption of normal production from flotation at Gedabek and completion of the first raise of the tailings dam wall

 

Anglo Asian Mining plc ("Anglo Asian" or the "Company"), the AIM-listed gold, copper and silver producer focused on Azerbaijan, is pleased to announce that flotation processing has now resumed normal production at Gedabek, with ore being processed from both stockpiles and freshly mined ore from the main open pit. As previously reported, the agitation leach plant was restarted in September and so all processing facilities at Gedabek are now back into full production.

 

The Company has now also completed the first stage of raising the wall of its existing Gedabek tailings dam. The Company announced earlier in the year that it has committed to implement the Global Industry Standard on Tailings Management ("GISTM") at its operations at Gedabek. The standard strives to achieve the ultimate goal of zero harm to people and the environment with zero tolerance for human fatality.

 

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014, which was incorporated into UK law by the European Union (Withdrawal) Act 2018, until the release of this announcement.

 

For further information please contact:

 

Anglo Asian Mining plc
Reza Vaziri, Chief Executive Officer	Tel: [phone]
Bill Morgan, Chief Financial Officer	Tel: [phone]
Stephen Westhead, Vice President	Tel: [phone]
SP Angel Corporate Finance LLP (Nominated Adviser and Broker) Ewan Leggat Adam Cowl	Tel: [phone]
Hudson Sandler (Financial PR) Charlie Jack Harry Griffiths	Tel: [phone]

 

Notes to Editors:

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 31,821 gold equivalent ounces ("GEOs") for the year ended 31 December 2023. 

 

On 30 March 2023, the Company published its strategic plan for growth which shows a clearly defined path for the Company to transition to a multi-asset, mid-tier, copper and gold producer by 2028, by which time copper will be the principal product of the Company, with annual forecast production of around 36,000 copper equivalent tonnes. It plans to achieve this growth by bringing into production four new mines during the period 2024 to 2028 at Zafar, Gilar, Xarxar and Garadag. 

 

https://www.angloasianmining.com/

 

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