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Anglo Asian updates on resources and reserves at Gedabek and Gadir

Anglo Asian has a strong track record of gold production in Azerbaijan

Anglo Asian Mining PLC -

Anglo Asian Mining PLC (LON:AAZ) has updated the mineral resources and reserves at the Gedabek open pit, Gadir underground mine and Ugur open pit mine in Western Azerbaijan.

The group said Gedabek now contains resources of 735,000 ounces of gold and 69,100 tonnes of copper, including material in stockpiles, with a reserve of 284,000 ounces of gold and 26,000 tonnes of copper.

Gadir now contains resources of 267,000 ounces of gold and 2,183 tonnes of copper, with a reserve of 49,000 ounces of gold and 191 tonnes of copper, it added,

A residual mineral study of Ugur shows that, as expected, the mine is nearing depletion but exploration in the vicinity of, and below, the mine continues. Copper mineralisation has been identified.

"I am delighted to announce these latest JORC estimates for the Gedabek open pit and Gadir underground mines,” said Anglo Asian Mining chief executive Reza Vaziri in a statement.

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Price: 123.25 GBX

AIM:AAZ
Market: AIM
Market Cap: £140.99 m
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Anglo Asian Mining present at the Proactive One2One Virtual Forum

Anglo Asian Mining's CFO Bill Morgan and Stephen Westhead, Director of Geology & Mining, present at the Proactive One2One Virtual Forum. Anglo Asian Mining PLC is quoted on AIM (ticker – AAZ) and has a portfolio of gold, copper and silver production and exploration assets in Azerbaijan....

on 2/10/20

2 min read