Anglo Asian Mining highlights Garadag copper potential

Anglo Asian acquired historic geological data from AzerGold CJSC relating to the Garadag Deposit, which is hosted within the Garadag contract area and located north of the Company’s Gedabek and Xarxar contract areas.
The Garadag contract area was granted to Anglo Asian in July 2022

It has been confirmed by Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) that the Garadag porphyry deposit located in Azerbaijan's Garadag contract area has the potential to yield more than 300,000 tonnes of copper.

The company obtained historical geological data from AzerGold CJSC regarding the deposit, which is situated north of its Xarxar and Gedabek contract areas. While the initial assessment was not prepared in accordance with the JORC standard, the company plans to complete an evaluation program and prepare a mineral resource estimate using JORC procedures. The JORC resource is expected to be available by mid-next year.

"Garadag hosts very significant quantities of copper,” said Stephen Westhead, vice-president of Anglo Asian in a statement. “It has the potential to meaningfully increase our production profile and alone provides us with considerable copper mineralisation."

"It is an important addition to the Company's growing portfolio of copper assets. While only a preliminary assessment, we are incredibly excited by Garadag's development potential, and believe it can produce between 20,000 to 25,000 tonnes of copper per annum. We are currently conducting further validation processes to provide additional confidence, including producing a JORC-compliant mineral resource estimate," he added.

Share
Share

Featured Articles

RAWMINA Tackles EU's Rare Earth Minerals Shortfall

EU's RAWMINA project showcases innovative solutions as European Union struggles to meet targets for rare earth mineral needed to fuel clean energy drive

BHP Warns AI Boom Could Worsen Copper Shortage

World's largest miner by market cap predicts 72% increase in global copper demand by 2050, driven by demand for data centres and clean energy transition

GEM: China Coal Mine Expansion Poses Methane Risk

Global Energy Monitor report reveals China is developing 1.28 billion tonnes of new coal capacity, and issues increased global methane emissions warning

Hitachi Construction Forges Ahead With Oracle Cloud

Automation & AI

Mining Firms 'Should Consider Hydrogen-Driven Mining Trucks'

Sustainability

Platinum Slump Sees ARM Target China Chrome Market

Operations