(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 20. Anglo
Asian Mining PLC [Public Limited Company], the AIM (Alternative
Investment Market) listed gold, copper, and silver producer,
expects mining and processing of 3 million tonnes of ore per year
at the Khalkhar deposit, the company told trend .
According to the company, since July 2022, an
extensive geological exploration program has been carried out at
the Khalkhar deposit
'The base case open pit optimization study used a
copper price of $8,000 and showed over 93,000 tonnes of
economically extractable copper. Preliminary optimization modeling
to test the economics for various mining options is underway to
initially assess the open pit potential,' said the company.
'The optimization modeling shows that open pit mining
would be economically viable at the Khalkhar deposit. Studies are
also ongoing to assess underground mining options to yield the
optimum mix of open pit and underground mining,' Anglo Asian Mining
It was also noted that the base case for the open pit
optimization used a copper price of $8,000 per ton.
'Two pit depths were used as a 'minimum' and 'maximum'
elevation to establish the amount of mineralization located beneath
the various intervening pit floors. Significant mineralization is
located below the open pit floor in the base case. This will allow
for the optimization of the combined open pit and underground
mining approach,' said the company.
In the coming years, Anglo Asian Mining plans to put
into operation such contract zones as 'Garadagh', 'Kharkhar' and
'Damirli'. On the liberated territories, the company has already
started the exploration of the 'Vezhnali' gold deposit in the
Anglo Asian Mining mainly exports gold bars produced
in Azerbaijan to Switzerland. Meanwhile, copper is exported to
Georgia, Uzbekistan, and Türkiye.
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