Anglo Asian Mining
Announced that an initial assessment of data relating to the Garadag porphyry copper deposit
(the “Garadag Deposit”) confirms the potential to produce over 300,000 tonnes of
copper.
.
RNS Number : 2303U
Anglo Asian Mining PLC
27 March 2023
Anglo Asian Mining plc
300,000 plus tonnes of copper defined at Garadag
Anglo Asian Mining plc (“Anglo Asian” or the “Company”), the AIM listed gold,
copper and silver producer primarily focused in Azerbaijan, is pleased to announce
that an initial assessment of data relating to the Garadag porphyry copper deposit
(the “Garadag Deposit”) confirms the potential to produce over 300,000 tonnes of
copper.
Anglo Asian acquired historic geological data from AzerGold CJSC (the “Data”)
relating to the Garadag Deposit, which is hosted within the Garadag contract area
and located north of the Company’s Gedabek and Xarxar contract areas.
This initial assessment by the Company has not been prepared according to the
JORC Standard. The Company intends to prepare a mineral resource estimate
using the JORC procedures on completion of the evaluation programme, targeting
mid-2024 for the preparation of the mineral resource estimate according to the
JORC code.
,
,
Stephen Westhead, Vice-President of Anglo Asian, commented:
“Garadag hosts very significant quantities of copper. It has the potential to
meaningfully increase our production profile and alone provides us with
considerable copper mineralisation. It is an important addition to the Company’s
growing portfolio of copper assets.
“While only a preliminary assessment, we are incredibly excited by Garadag’s
development potential, and believe it can produce between 20,000 to 25,000
tonnes of copper per annum. We are currently conducting further validation
processes to provide additional confidence, including producing a JORC-compliant
mineral resource estimate.”
To read the full news release, please click HERE
.
=======
Global Mining Finance Conferences – devised and produced by industry experts are the must-attend events for miners seeking finance for projects – and for financiers seeking projects to back.
.
.
Global Mining Finance events offer:
- A traditional present to the audience mining conference format;
- Fantastic networking opportunities in a friendly and relaxed atmosphere;
- Speaker programmes with non-duplicated presentations;
- Expert event moderation and audience question opportunities;
- Blue-chip keynote speakers on current topics and projects;
- Free delegate attendance – Lunch and refreshments are included.
.
www.global-mining-finance.com
.
To present at one of our future events, please email: andrew@global-mining-finance.com
