Investor Evenings - Dublin and Manchester

RNS Number : 6197Q

Anglo Asian Mining PLC

16 October 2013

 



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

16 October 2013

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

Investor Evenings

Anglo Asian Mining plc, the AIM listed gold producer in Azerbaijan, is pleased to announce that it will be presenting at both the Dublin and Manchester Proactive Investors One2One Forum evenings at 6.00pm on Thursday 17 October 2013 and 23 October 2013 respectively.

The Company's Chief Financial Officer, Sean Duffy and Non-Executive Director Professor John Monhemius, will give a presentation at both events outlining the Company's growth strategy as it increases gold production and lowers production costs following the start-up of its new agitation leaching plant at its flagship Gedabek mine in western Azerbaijan, to achieve 60,000 ounces at US$450-500 per ounce for the year ending 31 December 2013.  In addition the Company will outline the development plans for its second gold project Gosha, also in Azerbaijan, which is due to commence full production in 2014, and is expected to result in Anglo Asian's total production increasing to 80,000 to 90,000 ounces of gold per annum in the future.

To register a place at the Proactive Investors One2One Forum in Dublin at the Shelbourne Hotel, 27 St Stephen's Green, Dublin, 2 Ireland (St Stephens Suite), please click on the following link:   

http://www.proactiveinvestors.co.uk/register/event_details/204

To register a place at the Proactive Investors One2One Forum in Manchester at theMidland Hotel, Peter Street, Manchester, M60 2DS, please click on the following link:

http://www.proactiveinvestors.co.uk/register/event_details/205

Following the events, the presentation will be made available on the Company's website  at www.angloasianmining.com

**ENDS**

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

Reza Vaziri	Anglo Asian Mining plc	Tel: [phone]
Sean Duffy	Anglo Asian Mining plc	Tel: [phone]
Ewan Leggat	SP Angel Corporate Finance LLP	Tel: [phone]
Laura Littley	SP Angel Corporate Finance LLP	Tel: [phone]
Felicity Edwards	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 sq km prospective exploration portfolio, assembled from analysis of historic Soviet geological data and held under a Production Sharing Agreement ('PSA') based on the Azeri oil industry.  The Company developed Azerbaijan's first operating gold/copper mine, Gedabek, which commenced gold production in May 2009.  Gold production for the year ended 31 December 2012 totalled 50,215 oz of gold and FY 2013 gold production target is 60,000 oz of gold, following the successful commissioning of the new agitation leaching plant at Gedabek in H1 2013.

Anglo Asian is actively looking to exploit its first mover advantage in Azerbaijan by developing additional projects, as well as looking for other properties in the Central Asia region to fulfil its expansion ambitions and become a mid-tier gold and base metal production company. 

 

END

 

 

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