Anglo Asian Mining PLC Posting of the Annual Report for 2021 (5642A)
June 02 2021 - 4:40AM
UK Regulatory
TIDMAAZ
RNS Number : 5642A
Anglo Asian Mining PLC
02 June 2021
2 June 2021
Anglo Asian Mining plc
Posting of the Annual Report for 2021 and Notice of Annual
General Meeting
Anglo Asian Mining plc ("Anglo Asian" or the "Company"), the AIM
listed gold, copper and silver producer focused in Azerbaijan, is
pleased to announce that its Annual Report and Accounts ('Annual
Report') for the year ended 31 December 2021 has been posted today
to shareholders along with the Notice of Annual General Meeting
("AGM") and Form of Proxy.
The Company's AGM will be held at 11:00am on 29 June 2020 at 33
St. James's Square, London SW1Y 4JS. Votes may be submitted prior
to the AGM by mail using the Form of Proxy or in the case of CREST
members, by utilising the CREST electronic proxy appointment
service. In light of any possible uncertainty over the United
Kingdom Government ending COVID-19 restrictions prior to the
meeting, the AGM is being convened as a "Closed Meeting" and other
shareholders will not be permitted entry on the grounds of
safety.
CREST members who wish to appoint a proxy or proxies by
utilising the CREST electronic proxy appointment service may do so
for the meeting and any adjournment(s) thereof by utilising the
procedures described in the CREST Manual. CREST personal members or
other CREST sponsored members, and those CREST members who have
appointed a voting service provider(s), should refer to their CREST
sponsor or voting service provider(s), who will be able to take the
appropriate action on their behalf.
In order for a proxy appointment made by means of CREST to be
valid, the appropriate CREST message ("a CREST Proxy Instruction")
must be properly authenticated in accordance with Euroclear UK
& Ireland Limited's ("EUI") specifications and must contain the
information required for such instructions, as described in the
CREST Manual. The message must be transmitted so as to be received
by the issuer's agent ("RA10") by 11.00am on 25 June 2021 or if the
meeting is adjourned, at least 48 hours before the start of the
adjourned meeting. For this purpose, the time of receipt will be
taken to be the time (as determined by the timestamp applied to the
message by the CREST Applications Host) from which the issuer's
agent is able to retrieve the message by enquiry to CREST in the
manner prescribed by CREST.
The directors always welcome the opportunity afforded by the AGM
to answer questions from shareholders. To ensure that shareholders
still have the ability to submit questions about the business, a
form will be shortly set up on the Company's website
(www.angloasianmining.com ) so shareholders can submit questions
prior to the AGM. Answers to the questions will be posted to the
Company's website by close of business on 25 June 2021.
The Annual Report and Notice of AGM are now available for
download on the Company's website at www.angloasianmining.com .
**ENDS**
For further information please contact:
Reza Vaziri Anglo Asian Mining plc Tel: +994 12 596 3350
Bill Morgan Anglo Asian Mining plc Tel: +994 502 910 400
------------------------------ ----------------------
Stephen Westhead Anglo Asian Mining plc Tel: +994 502 916 894
------------------------------ ----------------------
Ewan Leggat SP Angel Corporate Finance Tel: +44 (0) 20 3470
LLP 0470
Nominated Adviser and Broker
------------------------------ ----------------------
Adam Cowl SP Angel Corporate Finance Tel + 44 (0) 20 3470
LLP 0470
Nominated Adviser and Broker
------------------------------ ----------------------
Megan Ray Blytheweigh Financial Tel: + 44(0) 20 7138
3224
------------------------------ ----------------------
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 portfolio at its active Gedabek, Gosha and Ordubad
contract areas assembled from analysis of historic Soviet
geological data and held under a Production Sharing Agreement
("PSA") modelled on the Azeri oil industry. The Company also has
three recently restored contract areas in the formerly Occupied
Territories and Karabakh under its PSA and which the Company has
started to preliminary evaluate.
The Company's main operating location is the Gedabek contract
area ("Gedabek") which is a 300 square kilometre area in the Lesser
Caucasus mountains in western Azerbaijan. The Company developed
Azerbaijan's first operating gold/copper/silver mine at Gedabek
which commenced gold production in May 2009. Mining at Gedabek was
initially from its main open pit which is an open cast mine with a
series of interconnected pits. The Company also operates the high
grade Gadir underground mine which is co-located at the Gedabek
site. The Company has a second underground mine, Gosha, which is 50
kilometres from Gedabek. Ore mined at Gosha is processed at Anglo
Asian's Gedabek plant.
The Company produced 67,249 gold equivalent ounces ("GEOs") for
the year ended 31 December 2020. Gedabek is a polymetallic ore
deposit that has gold together with significant concentrations of
copper in the main open pit mine. The Company therefore employs a
series of flexible processing routes to optimise metal recoveries
and efficiencies. The Company produces gold doré through agitation
and heap leaching operations, copper concentrate from its
Sulphidisation, Acidification, Recycling, and Thickening (SART)
plant and also a copper and precious metal concentrate from its
flotation plant.
The Company has a production target for the year to 31 December
2021 of 48,000 ounces to 54,000 ounces of gold and 2,500 tonnes to
2,800 tonnes of copper. This total production target expressed as
gold equivalent ounces ("GEOs") at budgeted prices is between
64,000 GEOs and 72,000 GEOs.
Anglo Asian is also actively seeking to exploit its first mover
advantage in Azerbaijan to identify additional projects, as well as
looking for properties in other jurisdictions in order to fulfil
its expansion ambitions and become a mid-tier gold and copper metal
production company.
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END
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