Revue de la production et des opérations du 3e et 9M 2022

Anglo Asian Mining plc / Mnémonique : AAZ / Indice : AIM / Secteur : Exploitation minière

13 Octobre 2022

Anglo Asian Mining plc

Revue de la production et des opérations du 3e et 9M 2022

Production of 14,309 gold equivalent ounces in Q3 2022

Cash of $15.3 million at 30 September 2022

Anglo Asian Mining plc ("Anglo Asian" or the "Company"), the AIM-listed gold, copper and silver producer operating in Azerbaijan, is pleased to provide a production, sales and operations review for the three and nine months to 30 September 2022 ("Q3 2022" and "9M 2022" respectively).

Mise à jour opérationnelle

·   Transformational acquisition of rights to three new concessions with significant copper reserves was passed into law on 5 July 2022

·    Zafar mine design has advanced well

o Portal location has been identified close to the processing facilities

o Geotechnical drilling is complete, with drill core testing underway

o Underground mining fleet and ancillary equipment have been selected for purchase

Mise à jour de la fabrication

·    Q3 2022 production of 14,309 gold equivalent ounces ("GEOs") (Q3 2021: 16,316 GEOs)

·    9M 2022 total production of 43,081 GEOs (9M 2021: 48,487 GEOs)

·    Full Year 2022 ("FY 2022") production guidance of 54,000 to 58,000 GEOs maintained

Cash and inventory update

·   Cash of $15.3 million at 30 September 2022 (30 June 2022: $21.2 million) with the following payments made in Q3 2022

o Final 2021 dividend of $4.0 million

o Profits tax of $0.3 million

o Further investment of $0.8 million in Libero Copper & Gold Corporation

o $1.2 million paid for the acquisition of exploration data and associated studies and reports relating to Garadagh and Xarxar from AzerGold

·  An interim dividend for 2022 of US 4 cents (Sterling 3.5559 pence) per ordinary share will be paid gross to shareholders on 3 November 2022

·   The Company had inventory at market value of $15.5 million at 30 September 2022 (gold and silver bullion of $11.8 million and copper concentrate of $3.7 million)

Le PDG d'Anglo Asian, Reza Vaziri, a commenté :

"The Company is delighted to report a good third quarter and year to date performance. Production figures remain robust, with total production of 14,309 gold equivalent ounces in the quarter, which remains largely in line with the output in the same period in the previous year. Copper production totalled 609 tonnes and silver totalled 45,063 ounces, an increase in production relative to the prior year period.

"We are also pleased to report an excellent advancement of the new mine at Zafar. Geotechnical drilling is complete, and the drill core is now in the process of being tested. We remain on track to bring Zafar into production in 2023.

"We look forward to updating the market on our strategy for developing of our new mines and the three new license areas in due course."

Divulgation de la réglementation sur les abus de marché (MAR)

Certaines informations contenues dans cette annonce auraient été considérées comme des informations privilégiées aux fins de l'article 7 du règlement (UE) n° 596/2014, qui a été incorporé dans le droit britannique par la loi de 2018 sur l'Union européenne (retrait) jusqu'à la publication de cette annonce. .

Pour de plus amples informations s'il vous plaît contacter:

Notes aux rédacteurs:

Anglo Asian Mining plc (AIM:AAZ) est un producteur d'or, de cuivre et d'argent en Asie centrale avec un large portefeuille d'actifs de production et d'exploration en Azerbaïdjan. La Société a produit 64,610 31 onces d'équivalent or (« GEO ») pour l'exercice clos le 2021 décembre XNUMX.  

En décembre 2021, la Société a entrepris un placement privé qui a acquis 19.8 %. de Libero Copper & Gold Corporation ("Libero"). La transaction a été conclue en janvier 2022. Libero est cotée à la Bourse de croissance TSX au Canada et possède, ou a l'option d'acquérir, plusieurs propriétés d'exploration de cuivre en Amérique du Nord et du Sud, y compris Mocoa en Colombie, l'un des plus grands gisements de cuivre non développés au monde. -ressources en molybdène.    

Le 5 juillet 2022, le gouvernement azerbaïdjanais a ratifié les amendements à son accord de partage de production, accordant à Anglo Asian trois concessions supplémentaires totalisant une superficie combinée de 882 kilomètres carrés. Cela comprend le gisement de cuivre porphyrique de Garadagh, avec une ressource classée soviétique de plus de 300,000 XNUMX tonnes de cuivre. L'acquisition de ces concessions transforme le portefeuille d'actifs d'Anglo Asian et soutient l'objectif stratégique de transition vers un mineur de cuivre de niveau intermédiaire.

https://www.angloasianmining.com/

Aperçu de la production

Q3 2022

·    Total production of 14,309 GEOs (Q3 2021: 16,316 GEOs)

·    Gold production of 11,087 ounces (Q3 2021: 12,847 ounces):

o 10,473 XNUMX onces contenues dans l'or doré

o 33 ounces from sulfidisation, acidification, recycling and thickening ("SART") processing

o 581 ounces from flotation processing

·    Copper production totalled 609 tonnes (Q3 2021: 573 tonnes):

o 208 tonnes issues de la transformation SART

o 401 tonnes provenant du traitement par flottation

·    Silver production totalled 45,063 ounces (Q3 2021: 36,912 ounces):

o 6,949 XNUMX onces contenues dans l'or doré

o 24,020 XNUMX onces provenant du traitement SART

o 14,094 ounces from flotation processing

9M 2022

·    Total production of 43,081 GEOs (9M 2021: 48,487 GEOs)

·    Gold production of 31,993 ounces (9M 2021: 37,096 ounces)

·    Copper production totalled 1,892 tonnes (9M 2021: 1,906 tonnes)

·    Silver production totalled 144,562 ounces (9M 2021: 115,843 ounces)

Sales

·    Q3 2022 gold bullion sales of 10,000 ounces at an average of $1,727 per ounce (Q3 2021: 6,828 ounces sold at an average of $1,815 per ounce)

·    Q3 2022 copper concentrate shipments totalled 1,618 dry metric tonnes ("dmt") with a sales value of $3.1 million (excluding Government of Azerbaijan profit share) (Q3 2021: 3,549 dmt with a sales value of $5.7 million)

Finances de l'entreprise

·   The Company had cash of $15.3 million at 30 September 2022 ($21.2 million at 30 June 2022). The Company made the following payments in Q3 2022

o Final dividend for 2021: $4.0 million

o Profits tax: $0.3 million

o Further investment in Libero Copper & Gold Corporation: $0.8 million

o Data purchase from AzerGold: $1.2 million

Zafar mine update

·    Mine design and geotechnical sampling for construction planning is well advanced for the Zafar mine

·    A site for the portal has been identified close to the Company's existing processing facilities and about 1,000 metres from the planned underground gallery. Geotechnical drilling has been completed and the drill core is now being tested

·  Underground mining equipment has been selected with the major drilling equipment being supplied by Epiroc and the mining and loading equipment being supplied by Caterpillar. The procurement of auxiliary and support is also well advanced from regional suppliers mainly located in Turkey

Gedabek - mining, detailed production and sales

The Company mined the following amounts and grades of ore in the nine months to 30 September 2022:

* There have been some minor changes to the previously reported figures following the reconciliation of ore stockpiles.

The Company processed the following amounts and grades of ore by leaching for FY 2021 and Q1 to Q3 2022:

* includes previously heap leached ore.

The Company processed the following amounts of ore and contained metal by flotation for FY 2021 and Q1 to Q3 2022: 

The following table summarises gold doré production and sales at Gedabek for FY 2021 and Q1 to Q3 2022:

* y compris la part du gouvernement azerbaïdjanais

** excluding Government of Azerbaijan's share

The gold and silver production from agitation and heap leaching for Q3 2022 is as follows:

The following table summarises copper concentrate production from both the Company's SART and flotation plants at Gedabek for FY 2021 and Q1 to Q3 2022:

Notes

 * y compris la part du gouvernement azerbaïdjanais.

Certain amounts for SART and flotation production may differ to those previously disclosed due to final reconciliation of production.

The following table summarises total copper concentrate production and sales for FY 2021 and Q1 to Q3 2022. Note that sales of concentrates are initially recorded at provisional amounts until agreement of final assay.

* including Government of Azerbaijan's share

** exclut la part du gouvernement azerbaïdjanais

**PREND FIN**