RNS Number : 3524D
Anglo Asian Mining PLC
16 February 2024
 

16 February 2024

 

Anglo Asian Mining PLC

Update on investment in Libero Copper & Gold Corporation

 

Anglo Asian Mining PLC ("Anglo Asian" or the "Company"), the AIM listed gold, copper and silver producer focused in Azerbaijan, announces that Michael Sununu, Non-Executive Director of the Company has resigned from the Board of Libero Copper & Gold Corporation ("Libero"). This follows Anglo Asian's holding in Libero falling to 5.7 per cent., lower than the 9.9 per cent. threshold that entitles the Company to maintain a Director on the Board of Libero. Anglo Asian's holding in Libero has reduced as it has not participated in several recent rounds of financing.

 

**ENDS**

For further information please contact:

 

Anglo Asian Mining plc

 


Reza Vaziri, Chief Executive Officer

Tel: +994 12 596 3350

Bill Morgan, Chief Financial Officer

Tel: +994 502 910 400

Stephen Westhead, Vice President

Tel: +994 502 916 894



SP Angel Corporate Finance LLP (Nominated Adviser and Broker)

Ewan Leggat

Adam Cowl

Tel: +44 (0) 20 3470 0470



Hudson Sandler (Financial PR)

Charlie Jack

Harry Griffiths

Tel: +44 (0) 20 7796 4133

 

 

About Anglo Asian Mining

Anglo Asian Mining plc (AIM:AAZ) is a gold, copper and silver producer with a high-quality portfolio of production and exploration assets in Azerbaijan. The Company produced 31,821 gold equivalent ounces ("GEOs") for the year ended 31 December 2023. 

 

On 30 March 2023, the Company published its strategic plan for growth which shows a clearly defined path for the Company to transition to a multi-asset, mid-tier copper and gold producer by 2028, by which time copper will be the principal product of the Company, with forecast production of around 36,000 copper equivalent tonnes. It plans to achieve this growth by bringing into production four new mines during the period 2024 to 2028 at Zafar, Gilar, Xarxar and Garadag. 

 

https://www.angloasianmining.com/

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