About us

An initial group was established in 1997, primarily to exploit certain prospective gold and copper deposits in Azerbaijan, which had been identified in the Soviet-era. Following extensive analysis, this group signed a PSA for a number of ‘Contract Areas’ with the Government of Azerbaijan for a period of up to 30 years from April 2005. Anglo Asian itself was established in 2005 as a UK holding company to acquire the licences and the rights to explore and extract all minerals in these aforementioned Contract Areas. This vehicle subsequently floated on AIM in July 2005, having raised net £17.52 million through a placing conducted by Numis Securities Limited.

Since then, the Company has undertaken various development and exploration activities focussed on proving up existing data, delineating new ore bodies, generating JORC compliant resources and developing the open pit Gedabek gold/copper mine, which commenced production in May 2009. Cash flow from the mine will be used to prove up additional resources at Gedabek to extend its mine life and develop the priority Ordubad and Gosha Contract Areas, which are primarily prospective for both gold and copper.

The Board, which has a close working relationship with the Azeri Government that enabled the rapid development of the Gedabek mine, aims to build a mid-tier gold and base metal production company focussed in Central Asia and Caucasia.