Anglo Asian Mining PLC, a gold, copper, and silver producer listed on the AIM exchange, has successfully mined the first ore from its new underground operation at the Gilar deposit, part of the Gedabek site in Azerbaijan.
The milestone follows the publication of a JORC-compliant mineral resource estimate on December 11, 2023, confirming that Gilar holds 6.10 million tonnes of mineralisation. The deposit boasts average grades of 0.88% copper—equating to nearly 54,000 tonnes of copper—and 1.30 g/t of gold, containing over 255,000 ounces of gold.
Earlier this month, initial mining activity yielded 1,267 tonnes of ore, with copper grades ranging from 0.65% to a maximum of 1.63%, and gold grades averaging 1.36 g/t, peaking at 3.27 g/t. While mine development tunnels are under construction, extracted ore will be stockpiled in preparation for processing.
Anglo Asian Mining plans to progressively increase production, targeting a monthly output of 50,000 to 60,000 tonnes of ore. CEO Reza Vaziri highlighted the achievement as a major step in the company’s expansion strategy, transitioning toward a mid-tier, copper-focused mining operation.
