Ariana granted new operational licence at Salinbas project
The AIM-listed explorer also said it was in advanced discussions with “a number of companies” to develop a 50,000oz per year gold mine at the project
Company
Ariana Resources PLC
LON:AAU
Ariana Resources is a mineral exploration and development company with an exceptional track-record of creating value for its shareholders through its interests in active mining projects and investments in exploration companies. The company's focus is a +1Moz gold development project in Zimbabwe and has interests in gold production in Türkiye and copper-gold silver and zinc exploration and development projects in Cyprus and Kosovo.
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Total material movement for the quarter was 943,034 tonnes and close to the highest in the mine's history
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Panmure said the company’s shares were currently trading at an “excessive” discount given the low-cost and profitable nature of its operations at the Kiziltepe project in Turkey
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