">

Thought it worthbring to your attention as news by end of August,via laresr RNS.

RNS Number : 3987Q
Anglo Asian Mining PLC
03 August 2010
?
Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining
3 August 2010
Anglo Asian Mining plc ('Anglo Asian' or 'the Company')
Phase I of the Realistic Mineral Resources Model Report - Gedabek Update

Anglo Asian Mining plc, the AIM quoted gold producer, announces that it has been
advised by its mining consultants, SGS Mineral Services ('SGS'), that the final
JORC compliant resource results of Phase I of the Realistic Mineral Resources
Model Report ('the Report') at the Company's Gedabek gold/copper mine in
Azerbaijan ('Gedabek'), are now expected to be available by the end of August
2010. The resource upgrade, which SGS has indicated will exceed existing
figures by at least 50% for the measured, indicated and inferred gold, copper
and silver metal contents at Gedabek (RNS:13 April 2010), is well progressed,
however additional work required at the modelling stage has necessitated a
longer timetable than expected. Gedabek's resource currently stands at 702,000
ounces of gold, 37,500 tonnes of copper and 6,100,000 ounces of silver.

The Report represents the first phase of SGS's work; the second phase of the
project will involve in-fill drilling to increase the reliability of the results
obtained from the original drill holes and for metallurgical/environmental
assessment of the mineralisation. This work is expected to be completed in Q4
2010/Q1 2011 and will increase the Board's confidence in the new resource
evaluations. It is the Board's intention to prepare a new Mineral Reserves
Statement after completion of the second phase of the project in order to comply
with the JORC Code for producing mines by first half of 2011.
**ENDS**

http://www.investegate.co.uk/Article.aspx?id=201101100700051330Z
http://www.investegate.co.uk/Article.aspx?id=201104060700073739E

http://www.investegate.co.uk/Article.aspx?id=201105260700112995H

http://www.investegate.co.uk/Article.aspx?id=201107110700080987K


http://www.kitco.com
 Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining 15 June 2011 Anglo
http://www.investegate.co.uk/Article.aspx?id=201110250700257564Q
http://www.investegate.co.uk/Article.aspx?id=201205100700130166D
http://www.investegate.co.uk/Article.aspx?id=201205230700128773D
http://www.investegate.co.uk/Article.aspx?id=201206070700058471E
http://www.moneyam.com/action/news/showArticle?id=4448509
http://www.investegate.co.uk/Article.aspx?id=201210080700051083O
http://www.investegate.co.uk/anglo-asian-mining-%28aaz%29/rns/q4-2012-production-and-operations-update--gedabek/201301090700061182V/
http://www.investegate.co.uk/anglo-asian-mining--aaz-/rns/gedabek---gosha-gold-mining-update-azerbaijan/201309110700106797N/
http://www.investegate.co.uk/anglo-asian-mining--aaz-/rns/interim-results/201309260700089223O/
http://www.investegate.co.uk/anglo-asian-mining--aaz-/rns/record-gold-production-q3-2013---gedabek/201310100700081597Q/
http://www.moneyam.com/action/news/showArticle?id=4728736

A little more info to digest,umpressive names.



Old article which i was just reading:

LONDON -- One of the most intriguing new issues of the year so far is Anglo Asian Mining [AIM: AAZ], which made its market debut last Friday after raising an impressive 20m to fund the exploration and development of its gold and copper concessions in Central Asian petrostate Azerbaijan.

The company is the result of several years effort on the part of John H. Sununu, formerly US President George H.W. Bushs Chief of Staff, and Reza Vaziri, formerly a Minister at the Imperial Court of the Shah of Iran, both of whom worked to secure the mineral exploration rights to substantial amounts of Azerbaijan before forming AAM in order to try and develop them. Sununu and Vaziri now sit on the companys board, the latter as Chairman. Among others, the board also includes ex-UK Energy Minister Tim Eggar.

AAZs Chief Executive Charles Hancock, a corporate financier by background, reports that the companys flotation was twice oversubscribed, even at its comparatively large value of 20m. To have raised such an amount is indicative of a company with something of a buzz about it, given the softness arguably afflicting the market for junior resource stocks in London, though this condition is probably better characterised as retrenchment after overexcitement.

So far since their flotation, AAZ shares have more than held their own in trading, rising from an initial price of 77p each to just under 90p. This reflects interest in the companys very large portfolio of assets, which purportedly contains all in around 15.6moz of Soviet classified gold equivalent resources with potential according to the company for up to 78moz more a hefty figure indeed if it can be verified.

But how does Azerbaijan stack up as a viable location for realising these resources? The countrys recent past is a chequered one. After gaining independence from the Soviet Union by dint of its disintegration in 1991, Azerbaijan entered a period of dire political instability. By the mid 1990s the situation had simmered down under the yoke of the now deceased President Heydar Aliyev. Aliyev has now been succeeded as President by his son Ilham, who rules in an essentially absolutist fashion and has maintained ostensive stability in the country for some time.


In Azerbaijans favour as a location for mining investment, Hancock avers that it in fact belies its reputation for turbulence, and is a reasonable place to work. The country undeniably has its benefits as far as the industry is concerned, these being most notably extremely cheap energy and an abundance of cheap labour that includes experienced geologists and mine workers.

The presence of British Petroleum as the largest extractor of Azerbaijans extensive hydrocarbon reserves is also a stabilising factor, given that the company is rumoured to have the ear of the government in a significant way, and trickle-down revenue from this sector of the economy, particularly with energy prices as they are, goes some way towards promoting relative social order.


The legal substrate of AAZs involvement in Azerbaijan is a 30 year Production Sharing Agreement with the countrys government, a bargain which is expected to attribute approximately 55% of any resulting cash flow to AAZ. The agreement covers ground amounting to 1062sqkm, not including the acreage claimed in the unruly Nagorno-Karabakh region in which the PSA in theory also applies. Within the currently accessible ground twenty two mineral prospects can be identified, of which eight have been reviewed by the company to date.

Of these eight, AAZ has selected one prospect that it hopes to bring rapidly to production at a rate of around 250,000oz gold per year. Other priorities for the company over the coming two years, the period for which its initial tranche of funding is planned to last, will be the reclassification to Western standards various Soviet reserves and resources and the undertaking across its property portfolio of other developmental tasks, including the completion of two pre-feasibility and two full blown feasibility studies.

AAZ believes that several practical factors will in time conspire to make it a low cost producer of copper and gold. These are namely: the fact that 7 of its 8 prospects would, if proven amenable to production, be open pit mines of higher than average grade material; that all its sites are relatively accessible by road and rail and comparatively well supplied with water and power; and that no issues are anticipated with disturbance of either the environment or the local populace.

The potential of AAZ is clearly almost Brobdingnagian, and hence so are the possible returns for its shareholders. Nevertheless, the company must beware the distracting complexity of being a small outfit juggling a large portfolio of properties in a region of a world that can have its problems. To its advantage though, AAM can boast an impressive board of directors of wide ranging experience and connections, and some very interesting mineral assets. As such, it merits attention.


I've just bought some this am,with iminent news,worth a punt at least short term?
cyril

This a responce to a question via e mail,i believe it to be genuine???

We fully expect the JORC resource statement to be made by the end of August. The interims will be out in the first half of September and the next operations update should be out in the first week of October.

Best Regards
Andrew Herbert
Anglo Asian Mining PLC


cyril

As i expected SP on the move,should get reserve update by Tuesday?
cyril

Some more info giving the potential of this company.

From admin document -If any of this is even close to the truth we will be on for a serious re rating.

Soviet classified resources of 15.6M oz gold equivalent plus potential for a further 78M oz gold equivalent, putting Anglo Asian amongst the major independent gold companies in terms of resource size - the Directors believe that Anglo Asian has one of the largest undeveloped gold properties in Europe or Asia.


Cost estimates (based on two conceptualised potential ore bodies) suggest low cash production costs when compared to many major gold producers - approximately $90/oz Au, 30/lb Cu.


cyril

What a lovely looking chart, seems i'm talking to myself??
cyril

Still heading north.
cyril

Yes - enormous potential here.

Up 0.75p, yet no volume?
cyril

Well i did try and tell you,up over 40% in 2 weeks and could be a lot more to come?
cyril


TIDMAAZ

RNS Number : 0063S
Anglo Asian Mining PLC
01 September 2010

?
Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining
1 September 2010
Anglo Asian Mining plc ('Anglo Asian' or 'the Company')
Interim Results

Anglo Asian Mining plc, the AIM listed emerging gold producer, is pleased to
announce its interim results for the six months ended 30 June 2010.

Overview
� Maiden profit before tax of $6.2 million
� Gross profit of $12.3 million
� Revenue of $28.4 million
� Gold production at Gedabek continued to increase quarter on quarter with
production for six months to 30 June totalling 28,493 oz Au
� Gold production target for FY 2010 increased to 60,000 oz Au
� Produced gold at an average cash operating cost of US$324 per oz Au
including the
Government of Azerbaijan's share and $372 per ounce Au net of
the Government of Azerbaijan's share for six months to 30 June 2010
� Commencement of production from SART with copper concentrate containing
approximately
79 tonnes of Cu, 670kg Ag and 12kg Au produced in the period
� First indications from SGS's review of Gedabek's resource data suggest an
uplift of 25% to 30% in the Au content of the Measured and Indicated category,
including ore mined up until 7 June 2010
� 6.4 million tonnes of resource newly advanced to Measured category
� Commenced repayment of loans to the International Bank of Azerbaijan
� Focussed on developing 1,962 sq km gold/copper exploration portfolio with
the aim of
replicating success at Gedabek and developing additional mining
operations

Anglo Asian's CEO Reza Vaziri said, "This has been a transformational period for
our Company, as we emerge as a profitable, cash generative gold production
company in Central Asia. To this end, we have seen our gold production
capabilities at Gedabek continuing to improve month on month, and coupled with
the favourable gold price, this has led to increasing revenues and a substantial
improvement in our balance sheet. With SART copper/silver production expected
to be fully operational imminently, we look forward to copper and silver sales
also benefiting our bottom line in FY 2011.

"Looking ahead to 2011, as well as continuing to focus on the success of Gedabek
as a low cost, profitable gold mine, we will be actively looking to increase the
Company's production profile through the continued exploration of the Ordubad
and Gosha Contract Areas. With our improving resource position at Gedabek,
together with our exploration opportunities, I believe we have a clear business
plan and will see solid growth enhancing shareholder value for the coming year."

Breached 30p,what a great looking chart.
cyril

It just gets better.
cyril


Azerbaijan to sell first copper in late 2010
Posted on: Sat, 11 Sep 2010 14:06:51 EDT
Sep 11, 2010 (Trend News Agency - McClatchy-Tribune Information Services via COMTEX) --

Anglo Asian Mining plc, the only gold producer in Azerbaijan, plans to sell its first copper by late 2010, the company has said.

Copper concentrate produced in March-June contained about 79 tons of copper, 670 kilograms of silver and 12 kilograms of gold, the company reported. The copper concentrate had a very high moisture content, and therefore a new filtration system was introduced. In this regard, the company expects that the operation will reach full capacity by late September 2010.

"We are in the process of evaluating options for the implementation of our copper concentrate and plan to make the first sales in the second half of this year, after approval of protocols of sales with the government," the company said.

In February, the company launched the process of recovering and refining of copper. Its plant has a capacity of 1,800 tons of copper concentrate per year, although the volume of production will depend on the mineralogy of ores and process efficiencies.

The company Anglo Asian Mining PLC has the rights to develop six fields in the south-west of Azerbaijan -- Gedabey, Ordubad, Gosha Bulag, Gizil Bulag, Vejnali and Soyutlu -- based on the PSA agreements signed with the Azerbaijani government
in August 1997.

Do you have any feedback? Contact our journalist at: trend@trend.az
http://www.tradingmarkets.com/news/stock-alert/agxkf_azerbaijan-to-sell-first-copper-in-late-2010-1162774.html

I am in another gold/platinum company called PAF--now about 8.50p-i bght some shares earlier this year in PAF at @.670p--and they are looking very good at present with a tremendous future growth ahead of them--but I am also tempted to buy some AAZ--just hope i am not too late to jump on board!--they seem to have had such a good run in past month or so but as "niceonecyril" says there is probably alot more upside to be seen in the months ahead if not weeks!--any comments or advices are most welcome!--LOL

should have read--6.70p and not .670p !!--PAF that is!

Also in PAF have been for sometime and also glad to see some movement in the right direction at last. in at 6.9p

Blue face; SP answering your question,JORC not to far away and if it's as good as indicated then ??
cyril

Just look at that chart", wow".
Simply amazed of so little interest in this gem?
cyril

Gold almost 1290oz,interesting day tomorrow?
cyril

Thats not a chart,it's a rocket lauching pad?
cyril

http://ul.reurers.com/idUKANT94779820100929

cyrilL


2010-finmin

Digg This Tweet ThisShare on LinkedIn Share on FacebookRelated NewsIMF says sold 594,000 ounces gold in August
Sep 30, 2010
Sky-high gold price greets mine cos in mile-high city
Sep 20, 2010
Gold milestones on the road to record high
Sep 16, 2010
How to invest in gold and key price drivers
Sep 14, 2010
Quotes
Anglo Asian Mining Plc
AAZ.L
37.50p
-1.75-4.46%10/01/2010
BAKU, Sept 29 | Wed Sep 29, 2010 3:01pm BST

BAKU, Sept 29 (Reuters) - Azerbaijan's gold reserves could exceed 300 kg this year, Finance Minister Samir Sharifov said on Wednesday, as the country uses oil export revenues to add to central bank holdings.

He said Azerbaijan had received a first batch of 99.5 kg in the spring, produced in Switzerland from gold extracted in the former Soviet republic.

"In the near future we will receive the second batch of more than 100 kg, and by the end of the year another batch that will exceed the previous," Sharifov told reporters.

Gold has been a favoured investment among central banks worldwide as a hedge against inflation, and economic uncertainty and volatility in currency markets have helped increase its popularity.

Anglo Asian Mining (AAZ.L) began gold production at Azerbaijan's Gedabek gold and copper mine, 350 km west of the capital Baku, in May 2009.

The AIM-listed company, whose chief executive is Reza Vaziri, is controlled by firm R.V. Investment Group Services. The Azeri government owns 49 percent.

Anglo Asian Mining said last week it planned to boost gold production in Azerbaijan to 60,000-65,000 ounces this year from a previous forecast of 53,500 ounces.

The company has extracted 1.6 tonnes of gold in Azerbaijan since 2009 and plans to extract a total of 22 tonnes of gold from Gedabek. It envisages exploration of seven mines in western Azerbaijan with estimated gold reserves of 430 tonnes. (Reporting by Lada Yevgrashina; Writing by Matt Robinson in Tbilisi; Editing by Jane Baird)

4 October 2010

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

Quarterly Operations Update



Anglo Asian Mining plc, the AIM listed emerging gold producer, is pleased to provide an update for the quarter ended 30 September 2010 on operations at its flagship Gedabek gold/copper mine ('Gedabek') in Azerbaijan.



Overview

Record quarterly gold production figure of 19,214 oz at Gedabek

Production for nine months to 30 September 2010 totals 47,711 oz Au

On track to achieve 60,000 oz Au production target for the year to 31 December 2010

224,000 tonnes of gold dry ore transferred during Q3 2010 onto the leach pad with an average gold content of 4.3 g/t

SART now fully operational - revenues from copper and silver sales expected to positively impact FY 2011 financials



Anglo Asian CEO Reza Vaziri said, "This has been an exceptional quarter in terms of gold production, which has seen us strengthen our position as a profitable, cash generative gold production company in Azerbaijan. Importantly, efficiencies at our flagship Gedabek mine also continue to improve, which I believe will help us achieve our 60,000 oz gold production target for 2010. With the SART processing plant now fully operational we hope to see our profitability strengthen in the future through the additional sale of copper and silver concentrates. This, in conjunction with increasing gold production, a favourable gold price and increasing the resource base, ideally places us to capitalise on our first mover advantage in the region."



During the quarter ended 30 September 2010, the Company produced 19,214 oz of gold ('Au'), bringing total production for nine months to 30 September 2010 to 47,711 oz Au. The winter calendar quarters at Gedabek provide a more testing environment for mining and production but taking account of this, and the improving production efficiencies at Gedabek, the Board anticipates that the Company will achieve its production target to 31 December 2010 of 60,000 oz Au. The buoyant gold price has also seen Anglo Asian completing gold sales at an average of $1,229 per oz for the months July 2010 to end of September 2010.



The following summary table of gold production and prices highlights the quarter-on-quarter increase in gold production at Gedabek over the past year.



Quarter ended
Gold Produced (including Govt. of Azerbaijan's share) (oz)
Weighted Average Gold Sale Price

(US$)

31 Dec 2009
7,620
1,090

31 Mar 2010
13,661
1,102

30 June 2010
14,836
1,197

30 Sept 2010
19,214
1,229






In terms of processing, during the quarter the Company transferred 224,000 tonnes of dry ore onto the leach pad with an average gold content of 4.3g/t. For the year to date, Anglo Asian has transferred 609,000 tonnes of dry ore onto the leach pad with an average gold content of 4.35g/t.



During the quarter, Anglo Asian installed a further storage pond, bringing the total on site to three. The storage ponds facilitate the overflow of solution from the Barren Leach Solution and Pregnant Leach Solution ponds.



The Company's Sulphidisation, Acidification, Recycling, and Thickening ('SART') process for the recovery of the copper and silver dissolved in the leaching solution is now fully operational. The copper is recovered in the form of a precipitated copper sulphide concentrate by-product, which also contains silver with commercial value. For the three months to 30 September 2010 the Company produced copper concentrate that contained approximately 60 tonnes of copper ('Cu'), 510 kg of silver ('Ag') and 8 kg Au. In order to reduce moisture content in the concentrate, Anglo Asian will be introducing new filters in Q4 2010. The Company also expects first sales of copper and silver to be made in Q4 2010, once a sales protocol has been agreed with our Government partners, which will positively impact FY2011 financials.



During Q3 2010, Anglo Asian repaid $4.8 million of its loan with the International Bank of Azerbaijan ('IBA') bringing the outstanding loan balance to $36.3 million as at 30 September 2010. Of the amount repaid in the quarter, $1.25 million was paid ahead of schedule. In addition, Anglo Asian has an outstanding loan of $1m with Reza Vaziri, Anglo Asian CEO, which it plans to repay in November 2010.



**ENDS**

cyril

F