Director Share Dealing

RNS Number : 4203B

Anglo Asian Mining PLC

06 January 2015

 



Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining

6 January 2015

Anglo Asian Mining plc ('Anglo Asian' or 'the Company')

Director Share Dealing

Anglo Asian Mining plc, the AIM listed gold producer in Azerbaijan, was notified on 6 January 2015 that Mr. Khosrow Zamani, Non-executive Chairman of the Company, gifted a total of 200,000 ordinary shares of Anglo Asian ("Ordinary Shares") to members of his family.

Mr. Zamani effected the transfer of the 200,000 Ordinary Shares at a price of 6.625p per share on 31 December 2014.

Following the transaction, Mr Zamani remains interested in 593,184 ordinary shares in the Company representing 0.53% of the issued ordinary share capital of the Company.

**ENDS**

For further information please visit www.angloasianmining.com or contact:

Reza Vaziri	Anglo Asian Mining plc	Tel: [phone]
Bill Morgan	Anglo Asian Mining plc	Tel: [phone]
Ewan Leggat	SP Angel Corporate Finance LLP	Tel: [phone]
Stuart Gledhill	SP Angel Corporate Finance LLP	Tel: [phone]
Felicity Winkles	St Brides Media & Finance Ltd	Tel: [phone]
Lottie Brocklehurst	St Brides Media & Finance Ltd	Tel: [phone]

Notes:

Anglo Asian Mining plc (AIM:AAZ) is a gold producer in Central Asia with a broad portfolio of production and exploration assets in Azerbaijan.  The Company has a 1,962 square kilometre prospective exploration portfolio, assembled from analysis of historic Soviet geological data and held under a Production Sharing Agreement based on the Azeri oil industry. The Company developed Azerbaijan's first operating gold/copper/silver mine, Gedabek, which commenced gold production in May 2009.  Gold production for the year ended 31 December 2013 from Gedabek totalled 52,068 ounces. The Company is also developing a second resource area, Gosha, which is 50 kilometres from Gedabek.  Gosha is being advanced with a view to developing a high grade underground gold mine. Due to the proximity of Gosha to Gedabek, gold ore produced at Gosha is processed at Anglo Asian's Gedabek plant.  In addition, Gedabek is a polymetalic deposit and its ore has a high copper content, and as a result the Company produces copper concentrate through its Sulphidisation, Acidification, Recycling, and Thickening plant. Anglo Asian is also constructing a small scale, low capital expenditure flotation plant to produce a copper and precious metal concentrate. This will initially process ore from its existing stockpiles of sulphide ore having a high copper content.

Anglo Asian is also actively looking to exploit its first mover advantage in Azerbaijan to identify additional projects, as well as looking for other properties in order to fulfil its expansion ambitions and become a mid-tier gold and copper metal production company.

 

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