Ariana Resources PLC (AIM:AAU) has appointed Ord Minnett as Lead Manager to its proposed dual-listing on the Australian Securities Exchange, which it expects to complete by the end of the 2024 calendar year.
The proposed ASX listing will provide investors in Ariana exposure in a market that understands and supports small-to-medium-sized gold explorers, said its statement.
As part of the ASX dual-listing, Ariana added it is considering an equity raise with any funds going towards exploration and technical studies at the Dokwe gold project in Zimbabwe.
Kerim Sener, managing director, said: "We are very excited with our plans for a dual-listing of Ariana on the ASX, a market with a strong understanding of mining developers and explorers, particularly in the gold space.
“We see numerous benefits for shareholders in an ASX dual-listing and look forward to working alongside Ord Minnett to accomplish our ASX listing."
Ariana investors who wish to trade Ariana securities on the ASX will also have the opportunity to transfer their existing shareholdings to the proposed Australian register, added the statement.