Anglo Asian Mining may increase production in Azerbaijan 

Anglo Asian Mining plc (“Anglo Asian” or the “Company”), the AIM-listed gold, copper, and silver producer focused on Azerbaijan, is pleased to provide a maiden JORC Mineral Resource for its Zafar polymetallic deposit (the “Zafar deposit”), Report informs, citing the Company.

The deposit produced 51,000 tonnes of copper, 82,000 ounces of gold, and 40,000 tonnes of zinc.

Anglo Asian CEO Reza Vaziri commented: “We are now highly focused on completing the final mineral reserve estimation of the deposit by the end of the year and successfully bringing Zafar into production as soon as possible.”

In turn, the Vice-President, Stephen Westhead, said that exploration is being fast-tracked to assess the economics of the project with a view to starting production in 2023: “The team are highly motivated by this aggressive approach and are working to rapidly complete the mineral reserves and mine plan of this challenging project. In the vicinity of the Zafar, deposit are a number of other exciting prospects where ZTEM anomalies have been defined. With the ramp-up of drilling capacity, the Company looks forward to further announcements as this project develops. The geology team at Gedabek has recently been strengthened and is supported by new equipment including XRD analysers, three-dimensional core logging tools, and new technical software.”

Anglo Asian Mining plc. is a gold, copper, and silver producer in Central Asia with a broad portfolio of production and exploration assets in Azerbaijan.

The Zafar deposit is situated in the central region of the Company’s Gedabek contract area in western Azerbaijan and is approximately 1.5 kilometers from the existing Gedabek processing facilities. The initial announcement dated 19 January 2021, “New Copper and Gold Discovery at its Gedabek Licence Area” is available on the Company’s website, which gives the background to the Zafar property.