Hardman & Co Research on Anglo Asian Mining (AAZ): Growth in copper production poised to explode

Hardman & Co Research Hardman & Co Research on Anglo Asian Mining (AAZ): Growth in copper production poised to explode 10-May-2023 / 07:15 GMT/BST The issuer is solely responsible for the content of this announcement. Hardman & Co Research on Anglo Asian Mining (AAZ): Growth in copper production poised to explode AAZ is embarking on an expansion that will create a much larger mining business, extending well beyond its flagship Gedabek contract area (“Baseline Gedabek”). The company was awarded three concessions in 2022 at no cost, each containing a substantial copper deposit: Xarxar with nearly 100kt, Garadag over 300kt and Demirli estimated at 200kt. The staged development of the integrated Xarxar and Garadag project (“Copper 1”) and Demirli (“Copper 2”) will transform AAZ from a small-cap gold miner to a mid-sized copper producer with c.50kt p.a. of copper production, and significant gold and zinc by-products. We estimate an aggregate valuation for Baseline Gedabek + Copper 1 – Xarxar and Garadag + Copper 2 – Demirli of 214p per share. Please click on the link below for the full report: https://hardmanandco.com/research/corporate-research/growth-in-copper-production-poised-to-explode/ If you are interested in meeting the company, you can register your interest by clicking on the above link To contact us: Hardman & Co 1 Frederick’s Place London EC2R 8AE www.hardmanandco.com Follow us on Twitter @HardmanandCo Contact: Paul Mylchreest [phone] [e-mail]   Hardman & Co Research can still be accessed for free after MiFID II. Please click here to read the statement. About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report. Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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1628375  10-May-2023