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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

What went wrong?

It's imo a good solid RNS,but we need resource upgrade to give a longer mine life.Don't forget we have to share(51%) with the KAZ gov.

http://www.proactiveinvestors.co.uk/companies/news/33348/anglo-asian-mining-ups-profits-in-first-half-continues-progress-as-profitable-miner-33348.html

Gold producer Anglo Asian Mining (LON:AAZ) says it plans to ensure the future success of its assets as it revealed its interim results with pre-tax profit up 129 percent in the six months to June 30 this year.

The firm also revealed plans today to increase its resource base and increase the mine life of its flagship Gedabek mine in Azerbaijan.

It also told investors that it had recorded its first sales of copper concentrate in the first half - generating revenue of US$2.1 million.

Pre-tax profit was increased to US$14.2 million in the period compared to US$6.2 million in the comparative period the year before, said the company.

Revenue of US$38.5 million (2010: US$28.4 million) was generated from gold sales of 24,586 ounces (2010: 24,360 oz) at an average price of $1,450 per ounce compared to US$1,155 per ounce in 2010.

Silver sales stood at US$0.8 million (2010: US$0.3 million) and copper concentrate sales were US$2.1 million (2010: nil).

Gold production at the Gedabek mine for the six months totalled 28,610 ounces of gold with the target for full year 2011 now standing between 58,000 and 60,000 ounces.

Anglo-Asian also said that to ensure the long-term success of Gedabek as a leading gold/ copper mine in the central Asian region, it had entered into an agreement regarding a feasibility study to assess the potential benefits of building a new agitation leaching plant.

It added that exploration remained an important part of its focus to increase the current resource base at Gedabek of 791,000 ounces of gold, 49,300 tonnes of copper and 7,597,000 ounces of silver for all categories and define maiden resources at its development contract areas - Gosha and Ordubad.

The company said the period saw the first copper concentrate sales. Revenue of US$2.1 million was generated from the firm's 87.25 percent share of the sale of 90 tonnes of payable copper, 29,132 ounces of payable silver and 335 ounces of payable gold.

At the end of August this year, there was a stockpile of copper concentrate containing around 383 tonnes of copper, 2,422 kg of silver and 3kg of gold.

"We are in discussions with our government partners and potential buyers about the sale of this stockpile and expect to sign an agreement in regards to this in the near future," said the firm.

Disappointing results,but at least they're making a profit.

http://www.investegate.co.uk/Article.aspx?id=201110170700102536Q

http://www.investegate.co.uk/Article.aspx?id=201110250700257564Q


Overview
5,460m infill drilling programme undertaken to re-classify the current mineral resources and ore reserves categories and assess the spatial continuity and metallurgy of the existing resource to consider future mineral processing options
Drilling concentrated on the existing resource pit boundaries at Gedabek - results demonstrated consistent gold, silver and copper grades and spatial continuity of mineralisation
Best intersections of 3.2m at 29.47 g/t gold ('Au'), 11.76 g/t silver ('Ag') and 0.61% copper ('Cu') and 17.3m at 11.57 g/t Au, 46.52 g/t Ag and 0.88% Cu
CAE Mining conducting review of all drilling programmes completed at Gedabek - new three dimensional orebody interpretation and modelling expected to be completed by the end of 2011
Phase 2 drilling underway concentrating on outside the boundaries of the existing pit
Upgraded JORC resource report targeted for Q1 2012 followed by a JORC compliant reserve estimate later in 2012

Anglo Asian CEO Reza Vaziri said, "These latest drilling results covering the existing pit continue to demonstrate consistent solid gold, silver and copper grades and continuity of mineralisation at Gedabek. With a current resource base of 791,000oz of gold, 49,300t of copper and 7,597,000oz of silver for all categories, it is our intention to continue both infill and exploration drilling at Gedabek. This is focussed on expanding the existing resource outline in order to announce an increased and upgraded resource by Q1 2012 and in turn, a JORC compliant reserve estimate thereafter. Additionally the latest drilling programme has enabled the Company to gain a better understanding of the metallurgy of the current resource at Gedabek to help assess future mineral processing options and ensure an accurate evaluation of the proposed agitation leaching plant, which would potentially enable an increase in Gedabek's mine life and thereby further improving the economic fundamentals of the mine.

"In addition, with gold and copper production continuing to perform solidly at Gedabek we remain confident of realising our production target of 58,000 to 60,000oz of gold and 525 tonnes of copper for FY 2011."

Detailed Information
The latest infill drilling programme at Gedabek comprised 59 holes over 5,460m across a 90,000 sq m area and concentrated within the boundaries of the existing pit at Gedabek. The drilling campaign was undertaken with a view to increasing and upgrading Gedabek's JORC compliant resource, which currently stands at 791,000oz of gold, 49,300t of copper and 7,597,000oz of silver for all categories. Drilling was also carried out to increase the confidence of the spatial variability of the already known gold, silver and copper mineralisation; to assess the metallurgy of the existing resource and in turn future mineral processing options.

The link to Table 1 shows the average grades of gold, silver and copper of each infill drill hole with grades greater than or equal to 0.3 g/t Au from the fourth drilling programme. The colour in each drill hole interval highlights the classification of the mineralisation, as follows:

Yellow highlighted results - 0.3 <= Au g/t < 1.5
Orange highlighted results - 1.5 <= Au g/t < 3.0
Red highlighted results - 3.0 <= Au g/t < 30.0

Link to Table 1
http://www.rns-pdf.londonstockexchange.com/rns/7564Q_-2011-10-24.pdf

Best intersections from this drilling programme at Gedabek include:
SGSDD02 - 19m at 3.61 g/t Au, 10.52 g/t Ag and 0.18% Cu
SGSDD16 - 17.3m at 11.57 g/t Au, 46.52 g/t Ag and 0.88% Cu
SGSDD22A - 3.2m at 29.47 g/t Au, 11.76 g/t Ag and 0.61% Cu
SGSDD31 - 2.3m at 16.05 g/t Au, 73.54 g/t Ag and 3.45 % Cu
SGSDD33 - 2.1m at 9.35 g/t Au, 23.26 g/t Ag and 0.42 % Cu

A designated competent person from the mining consultants, CAE Mining, has carried out a detailed review of the latest drilling programme results and of those collated from the previous three drilling campaigns. These data include plan and cross section views, together with mineral resource models for Gedabek compiled by mining consultants SRK in 2007 and SGS Geostat in 2010. The review has confirmed the continuity of the gold, silver and copper mineralisation and geological structures across the Gedabek deposit. The new three dimensional orebody interpretation and modelling is expected to be completed by the end of 2011 with a view to announcing an upgraded JORC resource estimate by the first quarter of 2012 and a JORC compliant reserve estimate thereafter.

With the completion of this latest drilling programme the drilling grid in the north area of the existing resource at Gedabek has been reduced to 20 x 20 m in order to improve the classification and increase the confidence of the spatial distribution of gold, silver and copper grades across the mineral resource.

In addition to Phase 1 drilling, the Company commenced Phase 2 of the exploration and development programme of Gedabek in the first quarter of 2011. Drilling is focussed on increasing the existing resource base and is concentrated on exploring outside of the existing pit boundary. So far 55 drill holes for a total of 8,300m of drilling have been completed and some of the assays have been received. Further drill holes have been planned as the ore body shows extensions towards the south of the existing pit boundary.

Other exploration activities continue within the Gedabek Contract Area, namely at the Maarif target. To date, 1,520m of the planned 3,000m drilling programme has been completed at Maarif, and the samples have been sent for independent assay. Remote sensing has also commenced and is being conducted across the entire Gedabek Contract Area with several potential anomalies detected for further investigations, which are planned for 2012.

Anglo Asian CEO Reza Vaziri said, "These latest drilling results covering the existing pit continue to demonstrate consistent solid gold, silver and copper grades and continuity of mineralisation at Gedabek. With a current resource base of 791,000oz of gold, 49,300t of copper and 7,597,000oz of silver for all categories, it is our intention to continue both infill and exploration drilling at Gedabek. This is focussed on expanding the existing resource outline in order to announce an increased and upgraded resource by Q1 2012 and in turn, a JORC compliant reserve estimate thereafter. Additionally the latest drilling programme has enabled the Company to gain a better understanding of the metallurgy of the current resource at Gedabek to help assess future mineral processing options and ensure an accurate evaluation of the proposed agitation leaching plant, which would potentially enable an increase in Gedabek's mine life and thereby further improving the economic fundamentals of the mine.

"In addition, with gold and copper production continuing to perform solidly at Gedabek we remain confident of realising our production target of 58,000 to 60,000oz of gold and 525 tonnes of copper for FY 2011."

http://en.trend.az/capital/analytical/1950510.html

opper: Look at future
27 October 2011, 22:15 (GMT+05:00)

Baku, Azerbaijan, Oct. 27 / Trend /

Azer Ahmedbeyli, expert of Trend's analytical center

Anglo Asian Mining plc, the AIM listed gold producer, yesterday announced positive results from its 5,460m Phase 1 drilling campaign at its flagship Gedabek gold/copper mine ('Gedabek') in Azerbaijan. "These latest drilling results covering the existing pit continue to demonstrate consistent solid gold, silver and copper grades and continuity of mineralisation at Gedabek," Anglo Asian CEO Reza Vaziri said. "With a current resource base of 791,000oz of gold, 49,300t of copper and 7,597,000oz of silver for all categories, it is our intention to continue both infill and exploration drilling at Gedabek."

This project is focussed on expanding the existing resource outline in order to announce an increased and upgraded resource by Q1 2012 and in turn, a JORC compliant reserve estimate thereafter. "In addition, with gold and copper production continuing to perform solidly at Gedabek we remain confident of realising our production target of 58,000 to 60,000oz of gold and 525 tons of copper for FY 2011," he said.

The October newsletter of the International Copper Study Group (ICSG) presented recent data on supply, demand and prices for the period from January to July this year: the production of refined copper in the world increased by 2.2 percent compared to the same period of 2010, consumption excluding China, increased by 4 percent, the shortage of production amounted to 118,000 tons, the average price per ton on the London Metal Exchange reached 9.430 compared to $7.070 over the first seven months of 2010.

China is far ahead in the world imports of copper. Getting rid of existing dollar reserves, China buys raw materials, thus strengthening its resilience to possible new economic shocks in the ongoing competition. But there is another version. Copper production in China is increasing every year (seven months of this year grew by 15 percent), but the country does not diminish, but continues to increase import volumes larger than needed for commercial use - a fact strongly evident.

China has officially announced that it has four million tons of copper reserves valued at $1.3 billion, but unofficial sources describe the figure at least four times greater. According to experts of the Money Morning Investment Group, China is trying to make the raw materials a kind of new world currency instead of dollar, a new accounting tool for making international transactions, and the main role in this case will be played not by the gold, but copper, the practical application of which is far higher. This is a long-term goal, the implementation of which would help ensure world leadership.

Copper, as a perfect conductor of electric current, is a key product in the construction of electricity networks. According to forecasts of IEA, the global energy consumption in 2030 will increase by 2.5 percent annually, and power generation will make up additional 4800 hW. Covering the growing worldwide demand for electricity will require thousands of kilometers of copper cable. The second important factor in covering the future demand for copper is the automobile industry. Today, the ordinary middle-class car contains 22.5 kg of copper, but as for a car of "premium" class, copper wire is used in length of one and a half kilometers.

The volume of copper is more, up to forty kilograms in the new generation cars (with an electric motor or hybrid), of which production is increasing every year. In the high-speed trains of new generation, 2 to 4 tons of copper is used, whereas in the conventional electric locomotives - 1 to 2 tons.

The total volume of gold reserves in Azerbaijan stored in the Central Bank of the country has now reached 12.514.7 troy ounces (389.2 kg with a market value of $18.7 million).

Azerbaijan could also create a strategic reserve of copper from its own resources, given that six of the field are so far developed only by one. It is now exported.

Anglo Asian Mining PLC is the only company to develop gold fields in Azerbaijan, registered in the list of Alternative Investment Market of London Stock Exchange. Anglo Asian Mining Plc owns the rights to develop six fields in south-west Azerbaijan at Gedabey, Ordubad, Gosha Bulag, Gizil Bulag, Vejnali and Soyutlu. The concession is based on PSA agreements signed with the Azerbaijani government in August 1997. According to the contract, production plans aim to yield 400 tons of gold, 2,500 tons of silver, and 1.5 million tons of copper. Gold and silver were first discovered in Gedabek in May 2009.

What the future holds for this company this year?

There is no major announcements this year, performance probably within the expectations (58.000-60.000) , no drilling being due...

Do you think that based on the current performance + recovery of the stock markets (if the EU will sort its mess) we have a chance to get back to 55-60p mark where we supposed to be?

http://www.investegate.co.uk/Article.aspx?id=201111210700134102S

I sold out these the other day,will keep on my watchlist,but in the present market i see no great rewards short term?

small volume but nicely moving up. Maybe someone knows something more...

http://www.investegate.co.uk/Article.aspx?id=201201200700138850V

AAZ steadily keeps delivering. Profitable and has reduced debt to negligible amount.
Looking great value for money with PE of mere 4 and is actively looking to expand activity and reserves.

http://www.investegate.co.uk/Article.aspx?id=201205100700130166D

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

Anglo Asian company portfolio video with Sean Duffy, Chief Financial Officer.
Anglo Asian is an AIM quoted, cash generative and profitable gold and copper mining and exploration company in Azerbaijan.

Click the link below to watch:

http://www.brrmedia.co.uk/event/106164/sean-duffy-chief-financial-officer

http://www.investegate.co.uk/anglo-asian-mining-%28aaz%29/rns/q4-2012-production-and-operations-update--gedabek/201301090700061182V/

Undervalued gold miner.

AAZ currently is valued at £34m with about £32m of debt.


By the end of 2014 AAZ will be producing at least 80000 oz of gold/year at a cost of $500 per oz.
With gold at $1400 per oz.
This equates to 1400 - 500 = $900 gross profit per oz
or 80000 x 900 = $72m gross profit for year 2014
$72/1.5 = £48m gross profit for year