EVENTS:   Best Equity Short Ideas Conference Call 12 - Zach Shannon/Corto Capital Advisors & Craig Huber/Huber Research Partners & Thomas Beevers /Forensic Alpha & Ed Steele/Iron Blue Financials & Bill Campbell/Paragon Intel - 12 Nov 25   Will AI Deflate the World? Macro Lessons from Three Industrial Revolutions and China - Manoj Pradhan/Talking Heads Macro - 13 Nov 25     ROADSHOWS: Forest Products Sector Equity and Commodity Research With Expertise in Distressed Debt - Kevin Mason /ERA Research   •   London   12 - 14 Nov 25       Buyside to Buyside Forum and Expert Calls across TMT, Consumer, Healthcare and Fintech - Andrew Peters /Revelare Partners   •   London   17 - 19 Nov 25       Fundamental US Healthcare Short Ideas - Dr Elliot Favus /Favus Institutional Research   •   London   17 - 19 Nov 25      

Fortnightly Publication Highlighting Latest Insights From IRF Providers

Company Research

Anglo Asian Mining (AAZ LN) UK

Materials

Ben Jones Investments

AAZ reports maiden JORC resource at Xarxar copper deposit. Xarxar (and Garadag) form an important part of the miner’s strategy as it looks to increase production from ~30koz GEO in 2023 towards 200koz GEO by 2028. The next steps involve bringing Gilar into production in 2H24, a JORC resource estimate for Garadag and pre-feasibility studies for a joint Xarxar and Garadag mining operation. Ben Jones believes AAZ is significantly undervalued.

Edition: 180

- 23 February, 2024