Business
Revised JORC Mineral Resources & Reserves
Revised JORC Mineral Resources & Reserves.
About this update from Anglo Asian Mining Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8548D\n Anglo Asian Mining PLC\n 02 November 2020\n \n \n \n \n Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining\n \n \n \n \n \n 02 November 2020\n \n \n Anglo Asian Mining plc\n \n \n Gedabek Open Pit and Gadir Underground Mine - Revised JORC Mineral Resources and Reserves\n \n \n Ugur Open Pit - Remaining Mineable Material \n \n \n New Mine Life of Eight Years\n \n \n \n \n \n Anglo Asian Mining plc (\"Anglo Asian\" or the \"Company\"), the AIM listed gold, copper and silver producer, is pleased to announce updated Mineral Resources and Ore Reserves, estimated in accordance with the JORC (2012) code, for the Gedabek open pit and Gadir underground mine located at the Company's Gedabek licence area (\"Gedabek\") in Western Azerbaijan. The Mineral Resources and Ore Reserves estimates have been prepared by the independent company Mining Plus UK Limited (\"Mining Plus\") and are based on robust geological models, which benefit from information gathered during the mining of the deposits, recent geological work and exploration drilling. The Company also announces an update for its Ugur open pit Mine. \n \n \n \n \n \n Summary\n \n \n · \n Revised Mineral Resources for Gedabek open pit \n \n \n o \n Total Mineral Resources of 735,000 ounces of gold and 69,100 tonnes of copper\n \n \n o \n Mineral Resources now include material contained in stockpiles\n \n \n o \n Zinc Mineral Resources now also estimated to enable the technical implications of higher zinc grades at depth to be understood\n \n \n · \n Revised Mineral Resources for Gadir Underground Mine\n \n \n o \n Total Mineral Resources of 267,000 ounces of gold and 2,183 tonnes of copper\n \n \n · \n Ore Reserves for the Gedabek Open Pit and Gadir Underground Mine \n \n \n o \n Gedabek open pit of 284,000 ounces of gold and 26,000 tonnes of copper\n \n \n o \n Gadir underground mine of 49,000 ounces of gold and 191 tonnes of copper\n \n \n · \n Mine life for the Gedabek open pit of eight years\n \n \n o \n Mine life based on the current mining practices of the Gedabek open pit\n \n \n o \n Optimisation of the mine plan being carried out to enable more efficient mining and maximise use of our processing capability\n \n \n · \n A residual mineral study of Ugur shows that, as expected, the mine is nearing deplet...