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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
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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

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

Results yesterday seemed very good for Anglo Asian. It seems to be moving forward with increased production, cash generation and sizeable debt reduction. With PE 4/5.
I there anyone who can put a logical explanation to why the price should drop?

http://www.investegate.co.uk/Article.aspx?id=201106030700147941H

droppiing like a rock. :(

Price of gold firmly above 1500 and maybe soon testing 1600 (long term even more) that gives much more revenue even with the same 60 000 kozs.

Debt being reduced further, end of the year should be cleared completely.

Not even mentioning first transaction of copper and small quantity of silver + searching for new golden prospects around the area where the license is granted.

Trade volume is miserable, the only days when is higher than average is when is loosing another -5%.

Am I the only person seeing potential here????

!
http://ru.trend.az/capital/business/1886951.html

Transcript:
"Gold producer in Azerbaijan intends to raise up to $ 50 million as a loan
06.06.2011 13:39

Azerbaijan, Baku, 6 June / corr. Trend N. Ismayilova /

The company Anglo Asian Mining Plc, a manufacturer of gold in Azerbaijan, plans to discuss with the International Bank of Azerbaijan (IBA) ability to attract a loan of up to $ 50 million to build a new plant in Gedebey, told Trend CEO Reza Veziri.

"During the preparation of strategy and business plan of our consultants, it was determined that the gold content in the ore should reach 1.18 grams per tonne. Now, after the company commenced production, revealed that it contained in a volume of more than two grams," - Veziri said.

Therefore, he said, is the ore, where the gold content would exceed two grams per tonne, should be aimed at a new plant in Gedebey. The plant will allow extraction of mineral from the ore at 90 percent. Through chemical extraction company receives only 75 percent of gold. Remaining after the chemical extraction of 25 per cent of the company will also send at the plant for extraction of gold.

"Thus, the first phase of the project company requires a minimum of 30-35 million dollars. Now we want to apply for a loan to the bank, but also considering the implementation of the project due to the profit of the company," - said Veziri.

According to the Wazir, investment in the project could reach $ 50 million, but the first phase should not exceed $ 30 million. Now being prepared feasibility study for construction of the plant, which will be completed in three months. In July and August will also be determined by the desired amount of investment.

To date, payable to the company's main creditor - the International Bank of Azerbaijan is 21 million dollars.

The company Anglo Asian Mining PLC has the right to develop six fields in the south-west of Azerbaijan - Gedabey "," Ordubad "," Gosh Bulag "," Kyzyl Bulag "," Vejnali "and" Soyutlu "based on the signed in August 1997 Azerbaijani government on the type of PSA agreements. Under the contract, the fields will produce about 400 tons of gold, 2500 tons of silver and 1.5 million tons of copper."

Nice rise in today,probably to do with the above article?

Comments drom CEO,$1600/$2000oz ?

http://www.citywire.co.uk/money/gold-rises-to-highest-level-in-a-month/a497178?re=14531&ea=70918&utm_source=BulkEmail_Money_Daily&utm_medium=BulkEmail_Money_Daily&utm_campaign=BulkEmail_Money_Daily

A group of private investors are just back frim inspecting AAZ assets and meeting the CEO,here's the 1st contact from them.

We returned safely after an excellent trip to Azerbaijan. We gained much insight and are very impressed with operations. We return with great confidence in our investments. We will all be posting on iii and here shortly. FF

Thank you, we plan a comprehensive report and we do have some great pictures.
We are currently running our notes via management and others, our sentiment on the prospects are very positive, thanks for your patience.

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

15 June 2011

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

Gedabek Gold/Copper Mine and Gosha Contract Area Update



Anglo Asian Mining plc, the AIM listed gold producer, provides an update on exploration and development activities at its flagship Gedabek gold/copper mine ('Gedabek') and 300 sq km Gosha Contract Area ('Gosha') in Azerbaijan.



Overview

Defined exploration programme in place aimed at increasing Gedabek's resource, proving reserves and extending the life of mine - new JORC compliant reserve report expected to be available by H1 2012

Completed 2010 infill drilling programme at Gedabek including 61 drill holes over 6,000m - 45 bore hole assays received and remaining assays anticipated July 2011

Advanced Phase 2 of resource development programme at Gedabek - 30 drill holes over 6,000m completed of the planned 17,500m of drilling

Appointed mining consultants to conduct a feasibility study for new agitation leaching plant at Gedabek to improve total gold recovery and increase life of mine

Progressed Development and Production Programme at Gosha - due to be submitted to the Government of Azerbaijan in October 2011, with plan to develop a small gold mine commencing production 2H 2012



Anglo Asian CEO Reza Vaziri said, "Developing Gedabek's production and processing profile remains a key focus for Anglo Asian. We are therefore delighted to have advanced our Phase 2 resource development programme, which includes a 17,500m drilling programme and hope to issue a new JORC compliant reserve report at Gedebek by the first half of 2012. We are also pleased to have appointed mining consultants Arcardis Chile to undertake a feasibility study to build a new agitation leaching plant, which would, we believe, improve total gold recovery rates and increase the life of mine, currently standing at 300,000 ounces of gold over a six year period.



"We are also committed to increasing Anglo Asian's production profile through additional exploration programmes across our portfolio of prospective copper and gold assets in Azerbaijan. At Gosha we have initiated a development and production programme to be submitted to the Government of Azerbaijan in October 2011 with the mid-term intention to develop a small gold mine with production by the second half of 2012."



Gedabek



At Gedabek, the Company has implemented a defined exploration strategy aimed at increasing its resource, proving reserves and extending its life of mine, which currently stands at six years with a targeted production in excess of 300,000 oz of gold. Anglo Asian's current JORC compliant resource, measured at June 2010, stands at 791,000 oz of gold, 49,300 tonnes of copper and 7,597,000 oz of silver at cut-off grade of 0.3 g/t gold for all categories.



Results from the 61 hole 6,000m infill drilling conducted in 2010, which concentrated within the boundaries of the existing pit to increase the confidence in the resource of the Gedabek mine, are expected in July 2011.



Phase 2 of the resource development programme is now underway. To date, 30 drill holes over 6,000m have been completed under the 17,500m drilling programme, which is primarily concentrating on exploration of the existing pit boundaries and target areas in close proximity to the mine such as Choplan and Maarif. This programme has been divided as follows:



7,500m to 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 - 5,000m completed to date;

7,000m of drilling at Maarif and other areas in the Gedabek Contract Area - 1,000m completed to date; and

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



In terms of Gedabek's mine development, the Company has entered an agreement with mining consultants Arcardis Chile with regards to undertaking a feasibility study to build a new agitation leaching plant This plant would process high grade ore and additional resources that are not suitable for heap leaching, thereby improving total gold recovery rates at Gedabek. Agitation leaching recovery rates for mineral extraction are typically measured at over 90% compared to circa 70% usually recorded in heap leaching. Additionally, residual gold in high grade ore that has been processed by heap leaching and left on the heap leach pad during 2009 through to the end of 2011 could be processed through agitation leaching, again improving total mineral extraction from Gedabek's orebody.



The Company expects the feasibility study to be completed by October 2011 and a new JORC compliant reserve report to be available by early 2012.



On completion of the feasibility study to construct an agitation leaching plant and a review of the financing options, a decision as to whether to build the plant will be made.



Gosha



As previously announced, the Company submitted a Notice of Discovery to the Government of Azerbaijan in February 2011 following active exploration in 2010. This included 3,000m of drilling and 300m of adit and sampling work. According to the terms of the Product Sharing Agreement ('PSA'), Anglo Asian has to submit a Development and Production Programme to the Government of Azerbaijan for approval. The Development and Production Programme is now underway and is expected to be finalised in October 2011. It is the Company's intention to develop a small gold mine with production by 2H 2012.



Under the PSA, the Government of Azerbaijan would receive 12.75% of any gold produced at Gosha until Anglo Asian has recovered its capital, operating and financing costs in full at which point the Government of Azerbaijan is then entitled to a 51% share of profit. It should be noted that costs incurred on Gosha can only be recovered from revenue generated from the Gosha Contract Area.





**ENDS**



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






Reza Vaziri


Anglo Asian Mining plc


Tel: +994 12 596 3350




Andrew Herbert


Anglo Asian Mining plc


Tel: +994 12 596 3350




John Harrison


Numis Securities Limited, as Nominated Adviser


Tel: +44 (0) 20 7260 1000




James Black


Numis Securities Limited, as Corporate Broker


Tel: +44 (0) 20 7260 1000




Felicity Edwards


St Brides Media & Finance Ltd


Tel: +44 (0) 20 7236 1177




Hugo de Salis


St Brides Media & Finance Ltd


Tel: +44 (0) 20 7236 1177




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 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. Gold production for the year ended 31 December 2010 totalled 67,267 oz of gold.



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.