Pursuant to the Decree dated August 6, 2020 by the President of the Republic of Azerbaijan, AzerGold Closed Joint Stock Company became in charge of developing the initial assessment document related to commissioning Dashkasan Iron Ore Deposit, the largest iron ore deposit of the region. In accordance with the Decree dated September 1, 2020 by the President of the Republic of Azerbaijan, CJSC’s lines of activity was expanded to include the research, exploration, operation, management of ferrous metal deposits, as well as other duties related to the development of this field. With the view to fulfill the tasks arising from above mentioned documents and to initiate an operation of iron ore deposits, Dashkasan Iron Ore LLC was established and registered as a subsidiary legal entity of AzerGold CJSC on December 14, 2020. With the re-launch Dashkasan Iron Ore Deposit, one of the large-scale projects of the Company, AzerGold aims to further contribute not only to the country’s economy, but also the improvement of the region.