Statement re Press Speculatio

RNS Number : 2779T

Anglo Asian Mining PLC

24 September 2010

 



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

24 September 2010

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

Statement re. Press Coverage

The Directors of Anglo Asian have noted press coverage which reports inaccurately the Company's gold production in the year to date and subsequent speculation as to possible full year production at its flagship Gedabek gold/copper mine ('Gedabek') in Azerbaijan.  Gold production at Gedebek, up until the end of August 2010, totalled 40,000 ounces ('oz').  The Directors do not currently expect full year production at Gedabek to 31 December 2010 to vary materially from the Company's full year gold production target of 60,000 oz Au published in the Anglo Asian Interim Results Statement on 1 September 2010.

**ENDS**

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

Reza Vaziri	Anglo Asian Mining plc	Tel: [phone]
Andrew Herbert	Anglo Asian Mining plc	Tel: [phone]
John Harrison	Numis Securities Limited, as  Nominated Adviser	Tel: [phone]
James Black	Numis Securities Limited, as Corporate Broker	Tel: [phone]
Hugo de Salis	St Brides Media & Finance Ltd	Tel: [phone]
Felicity Edwards	St Brides Media & Finance Ltd	Tel: [phone]

Notes:

Anglo Asian Mining plc (AIM:AAZ) is an emerging 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 on the back of 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. 

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

 

END

 

 

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