Azerbaijan

Gedabek Mine

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Overview

Mine TypeOpen Pit & Underground
StatusActive
Commodities
  • Gold
  • Copper
  • Silver
  • Zinc
Mining Method
  • Truck & Shovel / Loader
  • Sub-level caving
  • Sub-level open stoping (SLOS)
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SnapshotGedabek operation processes ore from Gedabek open pit mine, Ugur open pit mine, Gadir underground mine, Gosha underground mine and Gedabek underground mine.

Zafar – a new underground copper and gold mine at Gedabek. On February 21, 2023, Anglo Asian Mining PLC completed a Mining Scoping Study for the Zafar underground mine. Development work and the construction of two portals have also started.

Owners

SourceSource
CompanyInterestOwnership
Anglo Asian Mining plc 100 % Indirect
Azerbaijan International Mining Company Limited, is a wholly-owned subsidiary of Anglo Asian Mining PLC.

Full management control of mining and exploration activities rests with AIMC.

Contractors

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Deposit type

  • Breccia pipe / Stockwork
  • Porphyry
  • Hydrothermal
  • Volcanic hosted

Summary:

All the deposits are located within the Gedabek CA and are part of the Gedabek ore district.

The Gedabek ore district is extensive and includes numerous mineral occurrences and prospects (as well as operating mines).

The region lies within the Shamkir uplift of the Lok-Karabakh volcanic arc, in the Lesser Caucasus Mega-Anticlinorium.

This province has been deformed by several major magmatic and tectonic events, resulting in compartmentalised stratigraphic blocks.

The ore finds in the Gedabek CA lie within the central part of the world-class Tethyan metallogenic ore belt and are hosted predominantly in Bajocian-aged, hydrothermally altered volcanic units.

Gadir is interpreted as a low-sulphidation (“LS”) epithermal orebody, which is located approximately 400 metres northwest of the current Gedabek OP limits. Gedabek mineralisation is considered to be related to a high-sulphidation (HS) system. There is a significant fault structure separating these two areas. Although the deposit geology and likely genesis varies.

The Gadir mineral deposit is located at the contact between volcanic rocks and the quartz porphyry (rhyolite-rhyodacite subvolcanic formation) in a similar lithological position to the Gedabek mineralisation. There are disseminated breccias and mineralised hydrothermal structures (predominantly vein and stockwork systems) in the quartz porphyry.

Zafar deposit
Zafar is a new discovery located 1.5 kilometres north-west of the existing Gedabek processing plant. The geology of the area is structurally complex, comprising mainly of Upper Bajocian-aged volcanics. The mineralisation seems to be associated with a main northwest to south-east trending structure, which is interpreted as post-dating smaller north-east to south-west structures. In the south-west area, outcrops with tourmaline have been mapped, which can be indicative of the potential for porphyry-style mineral formation. The exploration area is located along the regional Gedabek-Shekarbek fault system, with Shekarbek being another target area known to host copper mineralisation, situated in the north-west of the zone.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Production

CommodityProductUnits2023202220212020201920182017
Gold Equivalent Metal in conc./ doré oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe81,39983,73671,461
Gold Metal in concentrate oz  ....  Subscribe  ....  Subscribe  ....  Subscribe5,9477,1827,083
Gold Metal in doré oz  ....  Subscribe  ....  Subscribe  ....  Subscribe64,15165,61652,534
Copper Metal in concentrate M lbs  ....  Subscribe  ....  Subscribe  ....  Subscribe4.93.64.4
Copper Concentrate kt  ....  Subscribe  ....  Subscribe  ....  Subscribe128.89.3
Silver Metal in doré oz  ....  Subscribe  ....  Subscribe  ....  Subscribe19,70726,18622,728
Silver Metal in concentrate oz  ....  Subscribe  ....  Subscribe  ....  Subscribe139,649183,998150,125
^ Guidance / Forecast.

Operational metrics

Metrics202220212020201920182017
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe2,913,266 t1,744,310 t1,060,160 t
Tonnes processed  ....  Subscribe  ....  Subscribe  ....  Subscribe2,724,880 t2,314,881 t1,804,360 t

Production Costs

CommodityUnits202220212020201920182017
All-in sustaining costs (AISC) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe 591 / oz **   541 / oz **   604 / oz **  
** Net of By-Product.

Financials

Units202220212020201920182017
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe 92.1   90.4   71.8  
Pre-tax Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe 30.1   25.2   5.7  

Heavy Mobile Equipment

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Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Sep 15, 2023
....................... Subscription required ....................... Subscription required Subscription required Sep 15, 2023
....................... Subscription required ....................... Subscription required Subscription required Sep 15, 2023
....................... Subscription required ....................... Subscription required Subscription required Sep 15, 2023

Aerial view:

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