Anglo Asian Mining PLC Result of AGM (5362R)
June 29 2015 - 9:00AM
UK Regulatory
TIDMAAZ
RNS Number : 5362R
Anglo Asian Mining PLC
29 June 2015
Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector:
Mining
29 June 2015
Anglo Asian Mining plc ('Anglo Asian' or 'the Company')
AGM Result
Anglo Asian Mining plc, the AIM listed gold, copper and silver
production and exploration company in Azerbaijan, is pleased to
announce that all resolutions were duly passed at its Annual
General Meeting held today.
**ENDS**
For further information please visit www.angloasianmining.com or
contact:
Reza Vaziri Anglo Asian Mining plc Tel: +994 12 596 3350
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Bill Morgan Anglo Asian Mining plc Tel: +994 50 291 0400
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Ewan Leggat SP Angel Corporate Finance Tel: +44 (0) 20 3470
LLP 0470
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Stuart Gledhill SP Angel Corporate Finance Tel: +44 (0) 20 3470
LLP 0470
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Felicity Winkles St Brides Partners Tel: +44 (0) 20 7236
1177
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Lottie Brocklehurst St Brides Partners Tel: +44 (0) 20 7236
1177
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Notes
Anglo Asian Mining plc (AIM:AAZ) is a gold, copper and silver
producer in Central Asia with a broad portfolio of production and
exploration assets in Azerbaijan. The Company has a 1,962 square
kilometre prospective exploration portfolio, assembled from
analysis of historic Soviet geological data and held under a
Production Sharing Agreement modelled on the Azeri oil
industry.
The Company developed Azerbaijan's first operating
gold/copper/silver mine, Gedabek, which commenced gold production
in May 2009. Gold production for the year ended 31 December 2014
from Gedabek totalled 60,285 ounces and 784 tonnes of copper. The
Company is also developing a second resource area, Gosha, which is
50 kilometres from Gedabek, and the ore produced at Gosha is
processed at Anglo Asian's Gedabek plant. The Company's production
target for full year 2015 is between 70,000 ounces and 75,000
ounces of gold. Gedabek is a polymetallic deposit and its ore has a
high copper content, and as a result the Company produces copper
concentrate from its Sulphidisation, Acidification, Recycling, and
Thickening (SART) plant. Anglo Asian is also constructing a small
scale, low capital expenditure flotation plant to produce a copper
and precious metal concentrate. This will initially process ore
from its existing stockpiles of sulphide ore with a high copper
content.
Anglo Asian is also actively looking to exploit its first mover
advantage in Azerbaijan to identify additional projects, as well as
looking for other properties in order to fulfil its expansion
ambitions and become a mid-tier gold and copper metal production
company.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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