Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining

11 July 2023

Anglo Asian Mining plc

Payment of 2022 Final Dividend

On 16 May 2023, the Directors of Anglo Asian Mining plc ("Anglo Asian", the "Company" or the "Group") announced a final dividend in respect of the year ended 31 December 2022 of US 4.0 cents per ordinary share. This final dividend is to be paid on 27 July 2023 to shareholders on the share register on 30 June 2023. The dividend is payable in cash in sterling to holders of ordinary shares. A scrip dividend or any other dividend reinvestment plan will not be offered by Anglo Asian Mining plc.

The dividend will be converted to pounds sterling using the average of the sterling closing mid-price using the exchange rate published by the Bank of England at 16:00 BST each day from 3 to 7 July 2023, being £1 = US$1.2730. Accordingly, the amount of sterling dividend payable in cash on 27 July 2023 will be:

3.1421 pence per ordinary share.

**ENDS**

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About Anglo Asian Mining

Anglo Asian Mining plc (AIM:AAZ) is a gold, copper and silver producer with a high-quality portfolio of production and exploration assets in Azerbaijan. The Company produced 57,618 gold equivalent ounces ("GEOs") for the year ended 31 December 2022. 

On 30 March 2023, the Company published its strategic plan for growth which shows a clearly defined path for the Company to transition to a multi-asset, mid-tier copper and gold producer by 2028. By 2028, copper will be the principal product of the Company, with forecast production of around 36,000 copper equivalent tonnes. It plans to achieve this growth by bringing into production four new mines during 2023 to 2028 at Zafar, Gilar, Xarxar and Garadag. 

The Company owns approximately 19.8 per cent. of Libero Copper & Gold Corporation ("Libero"). Libero is listed on the TSX Venture Exchange in Canada and owns, or has the option to acquire, several copper exploration properties in North and South America, including Mocoa in Colombia, one of the world's largest undeveloped copper-molybdenum resources. 

https://www.angloasianmining.com/