BAKU, Azerbaijan, March 20. Anglo
Asian Mining PLC [Public Limited Company], the AIM (Various
Funding Market) listed gold, copper, and silver producer,
expects mining and processing of three million tonnes of ore per yr
on the Khalkhar deposit, the corporate informed Development.

Based on the corporate, since July 2022, an
in depth geological exploration program has been carried out at
the Khalkhar deposit

“The bottom case open pit optimization research used a
copper worth of $8,000 and confirmed over 93,000 tonnes of
economically extractable copper. Preliminary optimization modeling
to check the economics for numerous mining choices is underway to
initially assess the open pit potential,” stated the corporate.

“The optimization modeling reveals that open pit mining
could be economically viable on the Khalkhar deposit. Research are
additionally ongoing to evaluate underground mining choices to yield the
optimum mixture of open pit and underground mining,” Anglo Asian Mining
added.

It was additionally famous that the bottom case for the open pit
optimization used a copper worth of $8,000 per ton.

“Two pit depths had been used as a “minimal” and “most”
elevation to determine the quantity of mineralization positioned beneath
the assorted intervening pit flooring. Vital mineralization is
positioned beneath the open pit ground within the base case. It will permit
for the optimization of the mixed open pit and underground
mining strategy,” stated the corporate.

Within the coming years, Anglo Asian Mining plans to place
into operation such contract zones as “Garadagh”, “Kharkhar” and
“Damirli”. On the liberated territories, the corporate has already
began the exploration of the “Vezhnali” gold deposit within the
Zangilan district.

Anglo Asian Mining primarily exports gold bars produced
in Azerbaijan to Switzerland. In the meantime, copper is exported to
Georgia, Uzbekistan, and Türkiye.