Anglo Asian Mining PLC Update on investment in Libero Copper & Gold Corp
16 February 2024 - 6:00PM
RNS Regulatory News
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
|
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|
Reza Vaziri, Chief Executive
Officer
|
Tel: +994 12 596 3350
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Bill Morgan, Chief Financial
Officer
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Tel: +994 502 910 400
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Stephen Westhead, Vice
President
|
Tel: +994 502 916 894
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|
|
|
|
SP
Angel Corporate Finance LLP (Nominated Adviser and
Broker)
Ewan Leggat
Adam Cowl
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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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END
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