Result of AGM

RNS Number : 2541I

Anglo Asian Mining PLC

01 July 2013

 



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

1 July 2013

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

AGM Result

Anglo Asian Mining plc, the AIM listed gold producer in Azerbaijan, held its AGM on the 28 June 2013, and all resolutions were duly passed. 

**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 in line with commissioning of a new agitation leaching plant at Gedabek in H1 2013.

Anglo Asian is actively looking to exploit its first mover advantage in Azerbaijan to by developing additional projects, as well as looking for other properties in order to fulfil its expansion ambitions and become a mid-tier gold and base metal production company.  With this in mind, the Company is currently developing its second mining operation, Gosha, which is 50km away from Gedabek into a small, profitable mining operation and is targeting to increase the Company's total gold production by the end of 2014 to 80,000 to 90,000 ounces of gold.

 

END

 

 

RAGUAOWROWABRRR