Ariana Resources PLC (AIM:AAU), a mining company with a strong focus on gold projects in Turkey, has set ambitious goals to elevate its status to a mid-tier developer.
The company's managing director, Kerim Sener, said: "As part of this process, we are going to pursue support from investors from further afield and will be marketing the company accordingly.
"In parallel with this, we are undertaking several project and jurisdictional reviews with the aim of securing a significant new flagship asset around which the future of the Company may continue to be built.
"Over the years we have developed a unique skill-set, rarely seen in a company of our size. We have the capacity to undertake exploration and development projects from the grassroots stage all the way through to mine development and production."
His comments accompanied Ariana's full-year results, which showed the company generated a pre-tax profit of £5mln for 2022.
While this was down significantly on the year earlier, the 2021 number benefited from the sale of part of its Turkish interests. Sener called the result 'very satisfactory'. It exited the year with a cash balance of £9.4mln.