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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

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.

Post from one of the private investors who visited Azerbiajan.

The tourists have produced a detailed report of their visit to Azerbaijan. We had hoped to release it on advfn this week.

Various legal and compliance issues have got in the way and prevented us from meeting this deadline. We hope to be able to release our report next week.

As you can imagine we do not want to inadvertently fall foul of the law on market abuse so we are moving forward with great care.

As has been reported here and on iii we had a very positive trip and feel optimistic about the Company's future.

I dont understand the 50% drop in share price since January.
Gold price has increased to over 1500$ and so profits have increased.
Plus they plan to produce 25000 to 30000 ounces of gold next year at the Gosha field.
Add this to their existing 60000 ounces of gold per year from Gedabek.
Plus the silver & copper.
On present share price the company is valued at 44m which I think is
way undervalued.
I bought in at 58p and added last Friday at 42p.
Patience required here.

http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/6/19_KWN_Special__Jim_Sinclair_&_Dan_Norcini_files/Jim%20Sinclair%20Dan%20Norcini%206%3A19%3A2011.mp3

Some feed back from one of the PI's who visited AAZ.

I met lots of people and talked to lots of people. The above was the impression I received and was not all from the company but some may have been closer than I to the Azerii mining world. I was happy that they are pushing hard and that there will be iterative pieces of good news.

Look at the last RNS, read the next one. Their emphasis is on proving up the resource and they are very excited. We will have an update 1st week July and if the drill campaign is nearly finished then there will only be a remaining few samples to analyse in the lab. I suggested late August as a good time for the JORC and was told they thought the same.

I pointed out that getting the last few results back from the lab may take time but I was told that some negotiating may have been carried out to get this speeded up. What I also deduced was that they are getting some great results and that they have nearly finished, however, they may even consider adding a few more holes on to the schedule as everywhere they hit seems to find gold - lots of hits good but if they find the mother load then the game changes...

Bleepy, these guys are cautious and are not willing to release news willy-nilly, any rumours we hear are clues as to activity and what they are up to. We will hear about it soon enough and when it's actually completed - I am now confident that it's not far off and I am happy to forget about things rather than stressing watching the screen.

So we have 1 definite, 1 strong possibility pieces of news in the next few weeks. And one bumper piece relating to a JORC closely following - best scenario August but it may be best if it was strategically positioned either side of October's natural quarterly production update.

Hopefully any bad weather has not affected production targets. Numis now need to work on getting interest in the stock from bigger buyers. I would say tht London's Iranian Finance community would be the best place to begin....

.

http://www.khaleejtimes.com/biz/inside.asp?xfile=/data/business/2011/June/business_June483.xmlion=business

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

Reply to a PI from CFO.

Hi Steve
The drill results we will be putting out are for 6,000m of infill drilling within the Gedabek pit. We expect to release these results in August. As well as the 6,000m drilling, we are undertaking approximately 8,000m of step out drilling (of which we are half way through) from the Gedabek pit and further drilling in the Gedabek Contract Area. The redefined JORC compliant reserve that we aim to get out in H1,2012 will take in to the account the results of the step out drilling.

I hope this is clear but please let me know if not

Best Regards
Andrew Herbert
Chief Financial Officer
Anglo Asian Mining PLC

niceonecyril nice one:) I'm just afraid that this information will have no impact on price. Investors seem to be not as believing in the company and its potential. With gold being over $1600 steadily and cooper/silver add ons 44p seems to be very harsh valuation for this one

As Chavez Pulls Venezuela's Gold From JP Morgan, Is The Great Scramble For Physical Starting?
Submitted by Tyler Durden on 08/17/2011 16:27 -0400




In addition to the nationalization of his gold insutry, Chavez earlier also announced that he would recover virtually all gold that Venezuela hold abroad, starting with 99 tons of gold at the Bank of England. As the WSJ reported earlier, "The Bank of England recently received a request from the Venezuelan government about transferring the 99 tons of gold Venezuela holds in the bank back to Venezuela, said a person familiar with the matter. A spokesman from the Bank of England declined to comment whether Venezuela had any gold on deposit at the bank." That's great, but not really a gamechanger. After all the BOE should have said gold. What could well be a gamechanger is that according to an update from Bloomberg, Venezuela has gold with, you guessed it, JP Morgan, Barclays, and Bank Of Nova Scotia. As most know, JPM is one of the 5 vault banks. The fun begins if Chavez demands physical delivery of more than 10.6 tons of physical because as today's CME update of metal depository statistics, JPM only has 338,303 ounces of registered gold in storage. Or roughly 10.6 tons. A modest deposit of this size would cause some serious white hair at JPM as the bank scrambles to find the replacement gold, which has already been pledged about 100 times across the various paper markets. Keep an eye on gold in the illiquid after hour market. The overdue scramble for delivery may be about to begin.

From the CME:

Price of gold already testing $1900 , just reminder, last year average selling price for us was $1200 , so with the same quantity sold this year profit may be up 25% . As confirmed by the company they are benefiting from high prices by selling to the spot market.