Metal Tiger taking advantage of metals fatigue
It claims not to have a crystal ball, but the natural resources investor has hardly put a foot wrong so far
Company
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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It claims not to have a crystal ball, but the natural resources investor has hardly put a foot wrong so far
Gold prices were heading for a weekly gain as traders look for a safe haven..
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A busy week for small cap miners ended with Ulster-focused gold explorer Dalradian Resources Inc saying it remained on track to submit a planning application for the Curraghinalt mine later this year.
Proccea has also committed to another US$2.1mln to take its final stake to 50%.
Major share price risers and fallers in London at 4pm
Gold was marking time ahead of the conclusion of the March US Federal Reserve meeting.
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Forbidden Technologies shares rocket after Microsoft deal, Metal Tiger completes a Spanish acquisition and NetScientific forms a board of advisers.
A stockwork vein-hosted style of mineralisation should be amenable to low strip-ratio open-pit mining, Ariana added.
AIM's oil names rallied as Brent crude advanced back about $40 for the first time in months.
All of the big risers this morning were to be found among the small caps
Here are some significant movers at around 4.15pm ...
A mining permit is already in place, while Ariana sees significant exploration upside along strike and on sub-parallel vein splays.
The new partners will seek exploration and development opportunities in Thailand and Myanmar.
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The week ended with Patagonia Gold saying it expects to start production from its Cap-Oeste deposit in Argentina by the autumn.
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Biotech group Scancell is to present an update on its immunotherapy technologies at the Biotech Capital Conference in London.
Ariana Resources said its interest in technology metals has been boosted as it completed the sale of a package of lithium-containing tenements in Pilbara, Australia to Dakota Minerals.
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Shares in North River Resources shot up almost 18% on Friday after it said the current drilling at its flagship Namib lead-zinc project had increased its confidence in the mineral resource at the Namibia property.
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Britain's blue chip benchmark tumbled 2.4% on the day to close 135 points lower as global markets continue to sink amid investor panic.