Anglo Asian Mining confirms 300 000 plus t of copper defined at Garadag

Anglo Asian acquired historic geological data from AzerGold CJSC 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 t of copper per annum. We are currently conducting further validation processes to provide additional confidence, including producing a JORC-compliant mineral resource estimate.”