Outlook: The Gordian Knot untied
Following the approval of its long-awaited forestry permit, Ariana has commenced development of the Kiziltepe mine, which will transform Ariana on completion (along with its 50% partner Proccea who will manage the construction phase) from an exploration play to a gold producer for the first time. First production is expected H216. Along with permitting news, comes Kiziltepe’s classification as Strategic Investment Status, providing significant tax breaks for the project in the early years of its operation.Ariana Resources is a producer, explorer and developer focused on gold and technology-metals. As of Dec 31 2016, Co. held 50.0% of Kiziltepe and Tavsan resources, and 100.0% of Salinbas and Ardala resources.
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