Production commences at Demirli
Production commences at Demirli copper mine; 4,000 tonnes forecast for 2025, 15,000 tonnes annually from 2026.
- Demirli copper production 2025 approximately 4,000 tonnes
- Demirli copper production from 2026 onwards approximately 15,000 tonnes per annum
- New full-time employees recruited approximately 150
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Second new mine to enter production during 2025 which underpins Anglo Asian's strategy to become a multi-asset, mid-tier copper producer
Anglo Asian Mining plc ("Anglo Asian" or the "Company"), the AIM listed gold, copper and silver producer focused in Azerbaijan is pleased to announce the start of commissioning and first production from the Demirli copper mine in the Karabakh Economic Region of Azerbaijan. Commissioning is ongoing with production expected to ramp up until the end of this year.
The Company forecasts that Demirli will produce approximately 4,000 tonnes of copper in concentrate during 2025. From 2026 onwards, production is expected to increase to approximately 15,000 tonnes of copper per annum. The life of mine will be determined following the future development of the geological and mineral resource model.
The Demirli mine
Demirli Overview
| · | Ore is mined from a large open pit and hauled by truck to the flotation plant. Electrical power is supplied to the plant by the Azerbaijani national power grid and water is obtained from local and regional sources. Water and flotation tailings are currently being discharged into the existing tailings dam as an interim measure. A full geotechnical programme has been completed for a new tailings dam location and the tailings dam embankment and pipeline route designs are completed. |
| · | A full environmental and social impact assessment ("ESIA") has been completed for the Demirli project, further to initial environmental benchmark studies undertaken when the Demirli property was first awarded to the Company. In keeping with the Company's focus on environmental, social and governance ("ESG") management, Anglo Asian recently received its inaugural sustainability rating from Digbee Limited, an independent provider of ESG disclosure and benchmarking for the mining sector, which was announced on 24 June 2025. |
| · | Approximately 150 new full-time employees have been recruited to operate the mine and plant, and about an additional 50 experienced employees have been transferred from the Company's other operations to ensure a smooth ramp up of production. A variety of contractors are also on site, all under the supervision of the Company's technical and administrative teams. |
There is significant potential for additional mineral resources at Demirli, with already known extensions to the current pit area, together with other nearby copper targets being identified for future evaluation. A regional exploration programme will be carried out in due course.
Further information regarding the Company's operations at Demirli are contained in the Company's RNS dated 11 November 2024, which can be accessed at https://www.londonstockexchange.com/news-article/AAZ/access-to-demirli/16757009.
Flotation processing equipment at the Demirli plant
Anglo Asian CEO Reza Vaziri commented:
"I am very proud to announce the commencement of production from Demirli. It is hard to overstate the achievement of starting production from Demirli in such a short time. I would like to thank everybody involved for their efforts including all our employees and contractors. I would like to express further appreciation and thanks to our PSA partner, AzerGold Closed Joint Stock Company, and the Government of Azerbaijan, who greatly assisted with permitting and administrative functions to allow the fast-track development of Demirli.
"Production from Demirli is a significant step in the Company transitioning into a multi-asset, mid-tier mining company focused in Azerbaijan. The Company is a first mover in the mining industry in Azerbaijan and continues to assist the Government to develop and grow its minerals extractive industry. Demirli, in particular, will contribute to the renaissance of the Karabakh Economic Region.
"We are expecting production from Demirli to ramp up this year to about 4,000 tonnes of copper, which will significantly increase our total copper production in 2025. The Company looks forward to issuing revised production guidance for 2025 in due course."
Note that all references to "$" are to United States dollars.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.