London-listed Anglo Asian has defined significant quantities of copper at its Garadag deposit, in Azerbaijan, with the potential to meaningfully increase the company’s production profile.
An initial assessment of data relating to the Garadag porphyry copper deposit confirmed the potential to produce more than 300 000 t of copper, the company said.
"While only a preliminary assessment, we are incredibly excited by Garadag's development potential, and believe it can produce between 20 000 to 25 000 t of copper per annum. We are currently conducting further validation processes to provide additional confidence, including producing a JORC-compliant mineral resource estimate,” commented VP Stephen Westhead.
Anglo Asian acquired historical geological data from AzerGold relating to the Garadag deposit, which is hosted in the Garadag contract area and located north of the Gedabek and Xarxar contract areas.
The Garadag contract area was granted to the company in July 2022.