Report

Update: Deal brings Australian lithium exposure

While its Red Rabbit JV progresses the Kiziltepe mine towards first production in H216, Ariana has made strides towards involvement in the burgeoning lithium exploration space. A deal has been completed between its 86%-owned Australian subsidiary Asgard Metals, Slipstream Resources Investments and ASX-listed junior Dakota Minerals, with the latter looking to develop a number of lithium-tantalum bearing tenements in the Pilbara region of Western Australia. Although at the greenfield stage, the specific area in question (Pilgangoora) is currently operated on by a small group of junior miners (including Dakota), which are valued on an in-situ resource basis at approximately 2x the global average. This is perhaps an indication of value attributed to the relatively high grade of the deposits, but perhaps also due to the tantalum resource content, a much publicised conflict mineral.
Underlying
Ariana Resources

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.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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