Director's Shareholding

RNS Number : 3018D

Anglo Asian Mining PLC

23 October 2015

 



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

23 October 2015

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

Director's Shareholding

Anglo Asian Mining plc, the AIM listed gold producer in Azerbaijan, announces that it was informed today that John Monhemius, Non-executive Director of the Company sold 157,845 ordinary shares of 1 pence each in the Company ("Ordinary Shares") held in his own name at a price of 5.50 pence per Ordinary Share and bought 157,092 ordinary shares of 1 pence each which are held in his Stocks and Shares ISA held with iWeb Share Dealing Service, at a price of 5.52 pence per Ordinary Share.

Following the sale and purchase above, and allowing for dealing costs, Mr Monhemius' total beneficial ownership in the Company now consists of 341,890 Ordinary shares (which represents approximately 0.30% of the Company's issued share capital). 57,243 Ordinary Shares are registered in the name of Johanna Monhemius' ISA and 284,647 Ordinary Shares are registered in the name of John Monhemius' ISA.

**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 Partners Ltd	Tel: [phone]
Lottie Brocklehurst	St Brides Partners Ltd	Tel: [phone]

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, assembled from analysis of historic Soviet geological data and held under a Production Sharing Agreement modelled 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 2014 from Gedabek totaled 60,285 ounces with 784 tonnes of copper also produced. The Company has a second mine, Gosha, which is 50 kilometres from Gedabek, and the ore produced at Gosha is processed at Anglo Asian's Gedabek plant. The Company is also developing the Gadir underground mine which is co-located at the Gedabek site. The Company's production target for full year 2015 is between 70,000 ounces and 75,000 ounces of gold. Gedabek is a polymetallic deposit and its ore has a high copper content, and as a result the Company produces copper concentrate from its Sulphidisation, Acidification, Recycling, and Thickening (SART) plant. Anglo Asian has also commenced production of a copper and precious metal concentrate using a small scale, low capital expenditure flotation plant which it has just commissioned. This will initially process tailings from its agitation leach plant.

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.

 

END

 

 

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