Proactive Investors
22 Jun 2026, 07:14 UTC · 3h ago
Anglo Asian appoints Worley to advance copper deposits towards production
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
Proactive Investors
22 Jun 2026, 07:14 UTC · 3h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
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4 claims · each scored for market impact
Anglo Asian Mining has appointed Worley Europe Limited to conduct feasibility studies on the Xarxar and Garadag copper deposits, which host over one million tonnes of copper metal. — Moving significant assets toward the feasibility stage is a major de-risking milestone that increases the company's valuation potential as a future producer.
+0.60The company is exploring on-site production of marketable copper metal via heap leach and solvent extraction-electrowinning, rather than exporting low-grade concentrate. — Higher-value end-product on-site would significantly improve margins by reducing smelting costs and export complexities.
+0.40Anglo Asian has launched a 90,000-metre drilling programme spanning 2026 and 2027 to support feasibility and exploration across several license areas. — Aggressive exploration indicates growth ambitions and the potential for increasing total resource estimates.
+0.30Continue reading
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The feasibility study for the Xarxar deposit is targeted for completion by mid-2027, with the Garadag study following in the first half of 2028. — Provides a concrete timeline for catalyst events, though the impact is deferred by 1-2 years.
+0.20Which stocks this story touches
The company is advancing its growth strategy by appointing a firm for feasibility studies on two significant copper deposits and reporting transformational 2025 performance.
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