Anglo Asian Mining (AAZ) Corporate presentation summary

Strategic transition and growth objectives

• Transitioning from a gold-focused to a copper-focused, multi-asset, mid-tier producer with operations restarting after a partial shutdown in 2023.

• Five-year objective to reach ~36,000 tonnes of copper production per year through sequential mine openings, including Gilar (2025), Xarxar (2027), and Garadag (2028).

• Restarting production at Demirli with potential for an additional 15,000+ tonnes of copper annually; exploration ongoing to further increase resources.

• ESG practices are being strengthened, and financing discussions are underway with local banks and international institutions.

Resource base and project pipeline

• Over one million tonnes of copper and 400,000 ounces of gold in JORC-compliant resources across multiple sites.

• Gilar mine to commence production in Q1 2025, with 54,000 tonnes of copper and 255,000 ounces of gold in resources.

• Xarxar holds 119,100 tonnes of copper, with first production targeted for 2026/7; Garadag contains 897,000 tonnes of copper, with mine design studies completed.

• Demirli mine, acquired in 2022, features a well-developed open pit and 6 million tonne per annum flotation plant; evaluation and resource definition underway.

Operational and regional context

• Operations based in Azerbaijan, a rapidly developing economy with strategic trade positioning and a skilled workforce.

• Eight contract areas covering over 2,500 square kilometers, with active production, exploration, and evaluation across multiple sites.

• Recent restart of agitation leaching and flotation processing at Gedabek following environmental audit and tailings dam upgrades.

• AzerGold CJSC became the new local partner in 2024, strengthening local alliances.