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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

Thinking very seriously of a top up here,looks good value with upgrades and 2010
results out shortly.
Also



http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=117032&sn=Detail&pid=102055

cyril

Great news today and more to come mid Jan(results),25% rise and should make 60p
with resonable update?
cyril

A little lazy so i've copied this for interested?

Highlights:

1 Gedabek has had considerable further drilling since June. Results expected soon.

2 Exploration update at Gosha expected in 1st quarter 2011.

3 Gosha would be a separate operation to Gedabek with it's own production facility. They possibly could transfer the ore via roads to Gedabek but there is no need to do this.

4 Maarif exploration is mainly copper, awaiting results of recent drilling.

5 They are aware they need to update shareholders more regulary on whats happening with exploration etc.. other investors had also pointed this out. I was informed this will change in the New Year and they are taking this matter very seriously now they have the cashflow to do so.

6 The Website will be updated in the new year and will include regular exploration updates.

7 SART proceeds will start in 1st quarter 2011, all SART currently being stockpiled. Delay is due to government pricing paperwork, jurisdiction, etc.

8 To expect similar production forecasts next year of 60koz with possible potential upside depending on higher grade ore intercepts, and increase of ore to the leach pad.

9 Over the next 2 weeks, they will be meeting analysts for presentations and looking to raise the company profile. The company should receive alot more Media coverage in the coming months following the next few weeks.

10 They also feel the company is vastly undervalued to its peers and hopefully this will change in the future, this is why they have a stand at the Mines and Money Exhibition, as it is the start of a campaign to seek shareholder value. The Exhibition is just the start.

11 They also said they would not consider any institutional stake/placing given the current share price as it would not be in the best interest of share holders unless it was at a consideral premium to the current share price.

12 I suggested 1 - 1.20, and he said they agreed with my opinion. No advise Intended.

13 The PSA is fair, they can offset all costs of future exploration costs in the different area's at Gedabek against the Gedabek production mine costs under the PSA, this should not be a deterant for investment. It is a good fair agreement, keep spending on exploration to increase reserves/value whilst extending the 87.5% profit share under the PSA.

14 The recent drilling at Gedabek should hopefully justify an increase of reserves to over 1m oz.

They seem very genuine people with good intensions for the company.

DYOR, no advise intended, just telling you what info I was given at the Exhibition. Will definately go to more Exhibitions in the future, its worth your time.

Kind Regards

Thebull3

Making great progress again 56p and nres promised week commencing 9yh Jan.
cyril

Article worth reading top tips,but of specia; interest to AAZ.


AAZ , 1st mention although alphabetical order,gives the impression that it's top?


http://thesharehub.com/?p=360

Brillient.

10 January 2011



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

Q4 Operations Update - Record Gold Production at Gedabek Gold/Copper Mine



Anglo Asian Mining plc, the AIM listed gold producer, is pleased to provide an update for the quarter and year ended 31 December 2010 on operations at its flagship Gedabek gold/copper mine ('Gedabek') in Azerbaijan.



Overview

Record quarterly gold ('Au') production figure of 19,555 ounces ('oz') at Gedabek

Production for year ended 31 December 2010 totals 67,267 oz Au - exceeded 60,000 oz Au forecast

Buoyant gold price - gold sales of 57,398 oz Au completed at an average of $1,241 per oz for the year

Produced gold at an estimated average cash operating cost of $340 per oz Au including the
Government of Azerbaijan's share and $390 per oz Au net of the Government of Azerbaijan's share for year ended 31 December 2010

Strengthening operations at Gedabek:

o 240,208 tonnes of dry ore transferred during Q4 2010 onto the leach pad with an average gold content of 4.32 g/t

o 821,176 tonnes of dry ore transferred during 2010 onto the leach pad with an average gold content of 4.33 g/t

Sulphidisation, Acidification, Recycling, and Thickening ('SART') operations produced 47.5
tonnes of copper ('Cu'), 380 kg of silver ('Ag') and 6.8 kg Au during Q4 2010

Total copper concentrate produced in 2010 contained 182.5 tonnes Cu, 1,460 kg Ag and 25.9 kg Au

Sales protocol for the first 400 wet tonnes of copper concentrate agreed with government
partners - first sales will be made Q1 2011

Net debt reduced from $42.2 million at 31 Dec 2009 to $25.6 million at 31 December 2010



Anglo Asian CEO Reza Vaziri said, "This has been a transformational year for the Company, both in terms of gold production and profitability. We have seen our gold mining operations at Gedabek improve quarter on quarter, producing a record 19,555 oz of gold for the last quarter and 67,267 oz for the year which exceeded forecast figures. Additionally, the combination of our low operating cash costs, which averaged an estimated $340 per oz for the year, and the favourable gold price, with sales at $1,241 for the year has resulted in a substantial improvement to our balance sheet. Furthermore, we intend to capitalise on the all time high copper price with our SART process now fully operational and first sales protocol in place, and I look forward to copper concentrate sales benefiting our bottom line for 2011.



"The year ahead looks to be promising as we continue to build our position as a mid-tier gold producer and actively look to increase the Company's production profile through the continued exploration of the Gedabek, Ordubad and Gosha Contract Areas. With this in mind, I believe we have a clear business strategy and will see solid growth further enhancing shareholder value in 2011."



During the quarter ended 31 December 2010, the Company produced 19,555 oz of Au at Gedabek. This brings total production for the year ended 31 December 2010 to 67,267 oz Au, which exceeds the Board's forecast of 60,000 oz Au for the period. The buoyant gold price has seen Anglo Asian completing gold sales of 17,420 oz Au at an average of $1,371 per oz for the three months to 31 December 2010 and gold sales of 57,398 oz Au at an average of $1,241 per oz for the year.



The Company has a Production Sharing Agreement ('PSA') in place with the Government of Azerbaijan which governs how the production of each of the Company's Contract Areas under the PSA is divided between the Company and the Government of Azerbaijan. Currently, the Company takes ownership of 87.25% of the production at Gedabek, which accounts for the difference between the total gold produced at Gedabek and the amount of gold sold by the Company. It should also be noted that there will always be short-term timing differences between gold production and sales.



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 Mar 2010
13,661
1,102

30 June 2010
14,836
1,197

30 Sept 2010
19,214
1,229

31 Dec 2010
19,555
1,371

Total for 2010
67,267
1,241




Anglo Asian estimates that its cash cost of gold produced, excluding the Government of Azerbaijan's share for the year to 31 December 2010, was $340 per oz and the cash cost including the Government of Azerbaijan's share is estimated at $390 per oz. It must be noted that these figures are unaudited.



In terms of processing, Gebabek's operations have been going from strength to strength. During the quarter the Company transferred 240,208 tonnes of dry ore onto the leach pad with an average gold content of 4.32 g/t. For the year to 31 December 2010, Anglo Asian has transferred 821,176 tonnes of dry ore onto the leach pad with an average gold content of 4.33 g/t.



The Company's SART process for the recovery of the copper, in the form of a precipitated copper sulphide concentrate by-product, containing silver with commercial value is performing in line with management's expectations. For the three months to 31 December 2010 the Company produced copper concentrate that contained approximately 47.5 tonnes Cu, 380 kg Ag and 6.8 kg Au. For the year to 31 December 2010, the Company produced copper concentrate that contained approximately 182.5 tonnes Cu, 1,460 kg Ag and 25.9 kg Au.



A sales protocol for the first 400 wet tonnes of copper concentrate has been agreed with the Company's Government partners and first sales will be made Q1 2011, which will positively impact FY2011 financials.



The Company's gross debt as at 31 December 2010 was $30.6 million. At this date, the Company also had cash balances of $5.0 million resulting in net debt at 31 December 2010 of $25.6 million.

Great buying opportunity imho,over-reaction to non-ecec selling? Nothings changed,a cash cow with hugh potential.

I've added the kitco site to the header to allow access to precious metals.

Gold up now $1350ozs.

JP Morgan announced today that from now on they will accept physical gold bullion as collateral. This is a sign of golds further remonetisation in the global financial and monetary system. It may signal that JP Morgan is having difficulty in securing gold bullion in volume. JP Morgan is the custodian for many of the gold and silver exchange traded funds. They will not accept ETF trust

http://www.zerohedge.com/article/morning-gold-fixing-jp-morgan-accepts-gold-bullion-collateral-%E2%80%93-silver-backwardation-lead-sh

Topped up last week at sub 60p,resource update imminent and price of gold seriously testing $1400 again.

Anglo Asian Mining plc, the AIM listed gold producer, has submitted a Notice of Discovery for gold on its Gosha Contract Area and provides an update on exploration at its other two key Contract Areas, Gedabek and Ordubad, which also run across the Tethyan Tectonic Belt in Azerbaijan, one of the world's significant copper and gold bearing areas.



Overview



Notice of Discovery at Gosha Contract Area submitted - further exploration planned with a view to confirming a small gold deposit with production potential

Encouraging results at Gedabek Contract Area - a further 17,500 metres of drilling planned for 2011

Exploration results at Ordubad Contract Area demonstrate potential of targets that warrant further exploration



Gosha - Notice of Discovery



The submission of Notice of Discovery is a step to be taken before the technical and economical evaluation of a deposit in terms of a Development and Production Programme according to the Company's Production Share Agreement ('PSA') signed with the Government of Azerbaijan.



As a result of geological studies and exploration work performed by Anglo Asian during 2009 and 2010, the Company believes that one of the mineralisation zones at Gosha, designated during the Soviet time as Zone 13, has the potential to become a small narrow vein gold mining operation. Further information concerning the results of the studies and exploration work will be announced in the near future.



According to the terms of the PSA, following the submission of the Notice of Discovery, the Company has six months to submit a Development and Production Programme to the Government of Azerbaijan for approval.



Exploration Update at Gedabek and Ordubad



Gedabek Contract Area

Exploration activities within the Gedabek Contract Area included the undertaking of topographic surveys and geological mapping as well as a 9,500 metre diamond drilling programme. This has resulted in a new resource model and an increased resource at the Gedabek gold/copper mine ('Gedabek mine') area to 704,000 ounces of gold in the Measured and Indicated classifications as announced in October 2010; the discovery of a new prospect in the Cholpan area, 2 km north of the Gedabek mine; and the firming up of targets for a copper/gold deposit in the Maarif area of the Contract Area.



In addition, the Company recently completed a 6,000 metre diamond drill programme within the boundaries of the existing pit, aimed at increasing confidence in the resource of the Gedabek mine. The results of the drilling programme are expected within the first quarter of 2011.



Ordubad Exploration

A preliminary remote sensing study of the Ordubad Contract Area was conducted as well as adit cleaning and re-sampling of adits in two regions, Pyazbashi and Agyurt. Trenching and sampling was also undertaken in the Daste Bashi region. These activities have not shown any potential target area in Ordubad so far, however the Company believes that the Agyurt and Daste Bashi prospects warrant further exploration. The Company's license expires on 13 April 2011 and the Company is in the process of renewing the license for a further year.



Exploration Activities Planned For 2011



The Company has a defined exploration programme planned for 2011 aimed at extending the size of the discovery at Gosha, increasing the resource at the Gedabek mine, upgrading the deposit at the Maarif prospect at Gedabek to an indicated resource, and securing Ordubad for further exploration.



Following the initial discovery at Gosha, the Company aims to further extend the adits and is planning 1,500 metres of underground diamond drilling during 2011.



A further 17,500 metres of drilling is planned for the Gedabek Contract Area during 2011:

7,500 metres will be drilled in an area that borders the existing mine and will concentrate on an area underground at a depth of 200 to 350 metres.

3,000 metres of drilling is planned at Cholpan, a highly prospective area in close proximity to the existing mine.

7,000 metres of drilling is planned at Maarif with the aim of defining an indicated resource. In 2009, 3,000 metres of drilling was undertaken which yielded encouraging results.



All exploration expenditure and plans at Gedabek are subject to approval of the Project Steering Committee, comprised of three representatives from the Company and three representatives from the Ministry of Ecology and Natural Resources.



Anglo Asian CEO Reza Vaziri said, "Exploration is a key part of our strategy as we strive to replicate the success of the Gedabek gold/copper mine in Azerbaijan, which in the fourth quarter of 2010 produced 19,555 ounces of gold, and create a mid tier mining company. As our discovery at Gosha as well as our other exploration activity highlights, we are confident that within our portfolio at least one if not more targets have the potential to host another mine. With this in mind, we are implementing an aggressive exploration programme during the course of 2011 and look forward to reporting on our progress."



**ENDS**

It is with regreti sold out today and ny reasons were due to the following,i feel uneasy about holding where unrest is takimg place

BAKU -- Azerbaijani youth activists have begun a Facebook campaign calling for a day of protest against the government to be held on March 11, RFE/RL's Azerbaijani Service reports.


The organizers of the campaign are calling March 11 the Great Peoples' Day and want people to click their approval of the protest as well as gather in different towns and cities across Azerbaijan.



http://www.rferl.org/content/azerbaijani_activists_organize_day_of_protest_via_facebook/2327394.html

niceonecyril I thik there is a difference between Bahrain and Lebanon and Azerbaijan.
Azerbaijan is one of the post comunist countries. Ex Soviet Union brotherhood. Knowing the mentality of this people, hiistory and tradition I can't see it going anywhere further than facebook. I hope :)

Sir D, hope so too,however i took a bit of a hit with CHL and decided to take my profits
for now.Lets see how things work out and if ok,then will reinvest as i consider this an
excellent co. with a long way to go?

As the market doesn't like the RNS(short termers?),it makes for a buying opportunity?To produce almost one quarter of yearly target,in what is a most difficult period is no mean feat? Along with the SART results has the makong of a cash cow?
aimho.

Overview

Gold production of 14,028 ounces at Gedabek for Q1 2011 - 3% increase on production for comparable quarter in 2010

Production target of a minimum of 60,000 ounces of gold for the year to 31 December 2011 from heap leach operations - target does not include additional SART copper, silver and gold production

208,000 tonnes of dry ore transferred during Q1 2011 onto the leach pad with an average gold content of 3.32 g/t

Significant increase in copper and silver production from SART operations - 104 tonnes of copper, 762 kg/26,879 oz of silver and 2.3 kg/81 oz gold produced during Q1 2011

First 400 tonnes of copper concentrate has arrived at the refinery and is awaiting final assay before sales value is agreed

A further sales protocol for the sale of copper concentrate is in advanced discussion with government partners

Outstanding loans reduced from $30.6 million at 31 Dec 2010 to $22.0 million at 31 March 2011



Anglo Asian CEO Reza Vaziri said, "I am extremely pleased with the Company's progress and believe that our target of producing a minimum 60,000 ounces of gold by the end of 2011 is highly achievable. In tandem with this, robust gold prices have hit an average of $1,385 per ounce, whilst the SART operation is also delivering improving copper and silver production - all of which bode well for the Company's bottom line. Importantly, this is enabling us to rapidly repay our loan - during the quarter we repaid $8.6 million bringing the total outstanding loan balance to $22.0 million."

I cant understand why such a harsh drop in s/p with what seems to be fairly positive news. The gold (60,000 oz) alone will represent over $60 million in sales, and what about the copper?

If you check out the chart above,a few weeks ago 55p was on offer,many traders started to buy in realising it was undervalued. Now todays RNS was solid but not what many had hoped for,hence the sell off,it's the way of todays market.

The 60kozs min forecast against 66kozs for last year on the face of it,is hardly
inspiring and couple that with 14kozs for the Q1 doesn't help.But careful reading will
show that this has a lot more value than is being displayed,full tear results will either confirm oineway or the other how true that is?

26 April 2011

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

Extension of Exploration Licence at Ordubad

And Update with regards to Notice of Discovery at Gosha



Anglo Asian Mining plc, the AIM listed gold producer, is pleased to announce that the Government of Azerbaijan has granted the Company a one year extension to continue exploration for precious and base metals on its 462 sq km Ordubad Contract Area. The exploration period relating to the Ordubad Contract Area will now continue until April 2012. Additionally, the Government has accepted the Company's Notice of Discovery in respect to the Gosha Contract Area, submitted in February 2011.



Exploration work at the Gosha Contract Area is continuing to generate positive results. Anglo Asian believes that at least one of the mineralised zones discovered on the licence; Zone 13, has the potential to host a resource that may be amenable to narrow vein, underground mining. Zone 13 is one of at least nine (9) mineralised zones that have been identified on the Gosha Property, which are currently being explored. The Company now has six months to produce a Development and Production programme for Gosha having received notification from the Government of Azerbaijan that the Notice of Discovery for the project has been accepted.



Anglo Asian CEO Reza Vaziri said, "Increasing the Company's total resource through aggressive exploration programmes across our 1,962 sq km gold/copper portfolio remains a key focus for us. We are therefore delighted to have extended our exploration licence at Ordubad and be in a position to develop the target at Gosha with the ultimate aim of building a second mine."



**ENDS**

real dramma. Price of gold is rising, they are good news (steady growth and debt reduction) coming from the company and the price (not mentioning the volume) is just tragic. What sort of news market is expecting to change the trend here??

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