METS

Anglo Asian acquires Azerbaijan copper data

The Garadagh porphyry copper deposit has a Soviet classified resource of over 300,000t of copper

Anglo Asian acquires Azerbaijan copper data

Anglo Asian was granted the new concessions which the data and studies relate to by parliamentary ratification by the government of Azerbaijan on 5 July.

Anglo Asian noted that "substantial" core drilling and data interpretation has been carried out by Azergold on the contract areas, including 9,645 chemical assays taken from 23,454 metres of Garadagh drill core and 805 assays taken from 4,923 metres of the Xarxar drill core.

Environmental and socio-economic baseline assessments have also been carried out at Garadagh.

Anglo is to pay US$3.3 million for the Garadagh data and $0.7 million for Xarxar.

"We will soon begin a detailed geological analysis of Garadagh and Xarxar. This will enable our team to formulate the best approach to developing these assets which we look forward to announcing to the market once finalised," CEO Reza Vaziri said.

The Garadagh porphyry copper deposit has a Soviet classified resource of over 300,000 tonnes of copper.

Anglo Asian's share price was 90p (US$1.07) on 18 August.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.