Ariana Resources PLC (LON:AAU) Share Price | RNS News, Quotes, & Charts

Ariana Resources PLC

Ariana Resources identifies and develops mineral resources, joint venturing its projects with experienced partners to advance them cost-effectively to production. It has successfully applied this model in Turkey with Proccea Construction Co. and is now seeking to apply the same model on new projects, whether located in Turkey or elsewhere. Ariana has one commercially producing gold mine in...

EPIC:	AAU
Market:	AIM:AAU
52-week High/Low:	1.75p / 1.00p
Sector:	General Mining - Gold
Market Cap:	17.94M
Website:	www.arianaresources.com

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Big Picture – A Deep Dive Examination of the Ariana Resources PLC

Ariana Resources remains the only small-cap gold mining company that carries...

November 27 2018

Panmure Gordon’s analysts noted that Ariana’s third-quarter update continued the trend of above plan production with its full-year 2018 guidance of 20,00 ounces almost reached in nine months

Ariana Resources PLC Snapshot

Current statement

STRATEGY & OBJECTIVES

Strategy :

Ariana Resources aims to be a leading exploration, development and production company operating in Turkey. To date the Company has focused on the discovery of sizeable mineral systems, mainly focusing on the Western Anatolian Volcanic and Extensional (WAVE) Province in western Turkey. This province hosts the largest operating gold mines in Turkey and remains highly prospective for new porphyry and epithermal deposits.

Within this province Ariana has one comercially producing gold mine (Kiziltepe Gold Mine at the Red Rabbit Project) and a further two advanced exploration projects (Ivrindi and Demirci). The region surrounding the projects is named the WAVE Project Area.

Ariana envisages that an aggregate resource of 1Moz of gold can be achieved within the Red Rabbit Project Area and our strategy is designed to build on our existing resource base via exploration and future acquisitions.

In parallel to our resource development and exploration strategy in western Turkey, Ariana owns 100% of the +1Moz Salinbas project in northeastern Turkey. The Salinbas Project represents a major opportunity for the future growth of Ariana. The project comprises three notable prospects: Salinbas, Ardala and Hizarliyayla, all of which are located within a multi-million ounce goldfield. The “Hot Gold Corridor” contains several significant gold-copper projects including the 4Moz Hot Maden project which lies 16km to the south of Salinbas.

Objective :

Ariana's objective is to deliver shareholder value through the discovery of new gold deposits and the development of gold mines.

The Company is committed to delivering value through a robust, cost-efficient and focused exploration and development strategy, which integrates geoscientific knowledge and new technologies to identify and advance and develop prospects rapidly.

Ariana is targeting the discovery of a multi-million ounce gold deposit in Turkey and intends to achieve this through a combination of acquisition, strategic partnership and full utilisation of its significant exploration expertise in Turkey.

Current operations

Production - Red Rabbit Project

Development - Salinbas

Exploration:

Investments:

Management

BOARD

Michael de Villiers

B. Comm. Professional Accountant (SA) MIOD

Executive Chairman and Company Secretary

Michael qualified as a Professional Accountant with Ernst & Young in Cape Town. Michael gained his experience as financial manager at mining and chemicals operations in Namibia, Botswana, Ghana, Bulgaria and the United Kingdom.

He was previously CFO of Eurasia Mining plc, Finance Director of Mercator Gold (now ECR Minerals plc), Oxus Gold plc and Navan Mining plc.

Michael is Chairman of the Audit Committee and serves on the Company's Remuneration Committee.

Kerim Sener

BSc (Hons) MSc DIC PhD

Managing Director

Kerim graduated from the University of Southampton with a first-class BSc (Hons) degree in Geology in 1997 and from the Royal School of Mines, Imperial College, with an MSc in Mineral Exploration in 1998. After working in gold exploration and mining in Zimbabwe, he completed a PhD at the University of Western Australia in 2004 and worked on a variety of projects in Western Australia and the Northern Territory. Since then he has been responsible for the discovery of over 3.8Moz of gold in eastern Europe. In 2009, he completed his military service in Turkey.

He is a Fellow of The Geological Society of London, Member of The Institute of Materials, Minerals and Mining, Member of the Chamber of Geological Engineers in Turkey and a member of the Society of Economic Geologists.

Kerim is a director of a number of private companies including Matrix Exploration Pty. Ltd., a mineral exploration consultancy. He is also an Adjunct Research Associate at the Centre for Exploration Targeting, University of Western Australia.

William Payne

BA (Hons) ACA

Non-Executive Director and Chief Financial Officer

William studied Accountancy at Exeter University before training and qualifying as a Chartered Accountant with KPMG in London. In 2003, he became a partner in top-twenty accountancy practice Wilkins Kennedy at their London office. His role ranges from audit and assurance to planning, reporting and compliance. William is also a director of a number of companies, including Sprue Aegis plc, a company listed on AIM.

William is Chairman of the Remuneration Committee and serves on the Audit Committee.

Chris Sangster

BSc (Hons), ARSM, GDE,FIMMM

Non-Executive Director

Chris is a mining engineer with over 35 years’ experience in the mining industry. He has a BSc Hons in Mining Engineering from the Royal School of Mines, Imperial College in London and a GDE in Mineral Economics from the University of Witwatersrand and is a Fellow of the Institute of Materials Minerals and Mining. His career covers extensive production and technical experience at senior levels in both junior and multi-national companies in gold, diamonds and base metals in Africa, UK and Canada and covers a wide range of mining applications. Between 1996 and 1999, Chris was General Manager for Caledonia Mining Corporation for the Cononish Gold Project and a Director of Fynegold Exploration. After 1999, he moved to the Zambian Copperbelt with Anglo American plc / KCM plc where he attained the position of Vice President Mining Services and in 2005 joined Australian Mining Consultants as a Principal Mining Engineer. In 2007, Chris co-founded ASX and AIM listed Scotgold Resources and was its CEO / Managing Director until October 2014. He remains a non-Executive Director and Technical Consultant to Scotgold and is also an Associate Consultant for Bara Consulting Ltd.