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Gold & silver

Ariana Resources on brink of Kiziltepe production

Production is expected to kick off once the TSF (tailings storage facility) installation has been approved

Ariana Resources plc (LON:AAU) is just weeks away from its Kiziltepe mine in Turkey becoming operational.

Dry commissioning at the Red Rabbit project site is now in progress, with crushing and milling, while wet commissioning (adding liquids and load) is beginning.

Production is expected to kick off once the TSF (tailings storage facility) installation has been approved and a routine operations permit has been issued.

Dr Kerim Sener, Ariana's managing director, said: "As Kiziltepe approaches its first gold pour, we remain focused on further enhancing the project through the drilling of potential resource extensions and in developing several satellite prospects aiming to add to our production profile and to provide increased optionality on our resource base.

"This will require further drilling programmes and project development work, including additional feasibility studies, particularly at Kepez, Kizilcukur and ultimately at Tavsan."

He said Ariana was focused on reaching a production target of 50,000 ounces a year, particularly once Tavsan was developed.

"We are also aiming to increase overall mine life across the Kiziltepe sector and to leverage the use of the Kiziltepe infrastructure as we consider the development of Tavsan."

Kiziltepe is a 50:50 joint venture with the group's Turkish partner Proccea Construction Co.

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