Ariana moves more gold into resources and reserves at Kiziltepe
Production at the Kiziltepe project is well-established
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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Production at the Kiziltepe project is well-established
"As at the end of 2021, within a period of less than five years, total production from Kiziltepe comprised more gold than the original eight-year life of mine production estimated from the feasibility study, highlighting the significant ups
Ariana's Asgard Metals Fund has a stake in Panther Metals
Ariana has a 50% stake in the project's owner Venus Minerals Ltd
Ariana owns 50% of Venus Minerals Ltd, which is in talks with Hellenic Copper Mines regarding a 50:50 joint venture to develop Apliki
Ariana is supported by a long track record of successful gold production in Turkey
Salinbas, located in north-eastern Turkey within the multi-million ounce Artvin Goldfield, contains a JORC resource of 1.5 million ounces of gold
Ariana already has a well-established track record of exploration and production
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Atalaya Mining reports that following its successful expansion of Proyecto Riotinto in Andalucia to 15mtpa capacity “Atalaya is now in a position to reward its shareholders by initiating a sustainable dividend policy” with an inaugural divi
"The Kokkinoyia Sector has proven to be a significantly more exciting deposit than initially thought,” said Ariana’s managing director Dr Kerim Sener
Discussions on debt financing for the construction are being advanced with potential lenders
Venus is also seeking to list in London before the end of 2021
All nine drill holes completed under the 2021 drilling programme returned gold values ranging from 0.1g/t to 6.24g/t
“Panther has defined a series of significant gold targets, including the recently discovered 40 Mile Camp anomaly"
“The joint venture is looking to expedite the addition of this mining area into the production schedule"
A dividend voucher will be sent to all registered shareholders and those with CREST holdings will be advised by their account managers.
In the half-year ended 30 June 2021, production and sales amounted to 7,941 ounces of gold
Karakavak is considered to be a potential low strip-ratio open pit resource capable of feeding into the Kiziltepe mine operations
It will announce the payment dates for the second and third tranches in due course