Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) has published an independent maiden JORC mineral resource estimate (MRE) for its Garadag copper deposit in Azerbaijan.
Carried out by Mining Plus UK, the total resource (Indicated and Inferred categories) is approximately 900,000 tonnes of copper metal hosted in 285 million tonnes of mineralisation with average grades of 0.32%.
Of that, 86.9 million tonnes and 304,300 tonnes of copper are within the Indicated JORC category.
Anglo Asian drilled 113 third-party holes totalling 25,620 metres as the basis for the MRE with work ongoing to upgrade the resources and assess mineralisation potential at depth and along strike
Stephen Westhead, Anglo Asian’s exploration VP, commented: "We are pleased to announce that this independent mineral resource estimate completed by Mining Plus confirms the large amount of copper and significant potential of the Garadag deposit, with a total resource of 284.9 million tonnes of mineralisation at 0.32 per cent. copper grades, hosting nearly 900,000 tonnes of copper metal.
“The copper contribution from Garadag will be significant in the delivery of Anglo Asian's strategic growth plan to become a multi-asset, mid-tier primarily copper producer."