reports
- David Seers
- Paul Smith
Ariana Resources (AAU LN) - Ariana quarterly update - Corporate
Ariana today updates on its quarterly results ending September 2025. It was quite a quarter for the company after completing its dual listing onto the ASX as well as declaring commissioning for its second mine in Turkey – Tavsan – owned 23.5% via the Zenit partnership which is set to produce up to 30koz gold per year. Following the A$11m raise that accompanied the dual listing, Ariana has been quick to highlight a plan to put the funds to good use. Ariana’s Dokwe project (100% owned) in Zimbabw...
- David Seers
Ariana Resources (AAU LN) - Comprehensive exploration plan at Dokwe - ...
Ariana announces a comprehensive exploration plan in and around its resources at the Dokwe project in Zimbabwe. Exploration drilling will begin shortly (Exhibit 1) after a thorough synthesis of geochemical and geophysical data that has left Ariana with anomalies which require a proper explanation. Anomalies are associated with the interpretation of major shears, usually with associated soil gold and arsenic concentrations (Exhibits 2 and 3). The drilling is being funded after the Australian dual...
- David Seers
- Paul Smith
Ariana Resources (AAU LN) - Drill rig mobilised at Dokwe - Corporate
Ariana Resources has mobilised a drill rig to its wholly owned Dokwe Project in Zimbabwe. A 26-hole, initial phase of a 11,000m drilling programme to test extensions to the existing resource, which currently stands at over 1.1Moz of pit-constrained gold at a 0.6g/t cut-off will begin imminently.
- Hybridan Team
Hybridan Small Cap Feast: 08/10/2025
8th October 2025 @HybridanLLP * A corporate client of Hybridan LLP. ** Potential means Intention to Float (ITF) or similar announcement has been made. ***Arranged by type of listing and date of announcement. ****Alphabetically arranged and priced on Share Price and Market Capitalisation during the time of writing on the day of Publication. Dish of the day Admissions: The Beauty Tech Group (TBTG.L), a global leader in the rapidly growing at-home b...
- David Seers
- Paul Smith
Ariana Resources (AAU LN) - Second mine in Turkey At Tavşan now operat...
Ariana announces today that its second mine at Tavşan in Turkey is fully operational after receipt of the final operating permit. Ariana owns 23.5% of a new Heap Leach operation through its Zenit partnership. Capable of producing between 25-30koz/yr gold; at full production at cash costs of ~$1,500/oz (Zeus est.) and the current gold price of nearly $4,000/oz over the short term Tavşan could have an EBITDA (100%) of ~$60m/yr. With the nearby Kiziltepe CIL plant, currently being fed with high-gra...
- David Seers
Ariana Resources (AAU LN) - Drilling to begin at Dokwe and current sta...
Ariana today announces an operation update following its successful ASX IPO and fund raise (A$11m) with trading commencing on 10.09.2025. The main news today is a plan for an 11,000m diamond and RC drilling programme for its flagship development project at Dokwe in Zimbabwe. The programme is designed to increase and refine Resource and Reserves and will also provide valuable technical data for the Definitive Feasibility Study (DFS). Ariana also points to the imminent production from its heap le...
Johnson Matthey: 1 director
A director at Johnson Matthey bought 10,495 shares at 1,896p and the significance rating of the trade was 73/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly ...
- David Seers
Ariana Resources (AAU LN) - Tavsan update and drilling at Dokwe - Corp...
Ariana today provides an update on the commissioning of the Tavsan processing plant, planned drilling at Dokwe, and its ASX listing. The Tavsan operation (23.5% Ariana) is progressing smoothly towards full commissioning. An application has been made to the authorities to commence commercial production in August, with government inspections expected imminently. Following the successful conclusion of cold and hot-commissioning trials, the processing plant has achieved operational status and is rea...
- David Seers
Audio Note: Ariana Resources - Exploration upside identified at Dokwe ...
In this audio note, Zeus’ Paul Smith summarises the investment case for Ariana Resources. Ariana has provided an update on the further exploration potential in its Dokwe licence (100%) in Zimbabwe. On the back of last week’s RNS (26.6.2025), which showed that the potential returns from the current Dokwe gold resource are being realised, Ariana shows that there is additional potential for further gold resources in the Dokwe area.
- David Seers
- Paul Smith
Ariana Resources (AAU LN) - Exploration upside identified at Dokwe gol...
Ariana today provides an update on the further exploration potential in its Dokwe licence (100%) in Zimbabwe. On the back of last week’s RNS (26.6.2025), which showed that the potential returns from the current Dokwe gold resource are being realised, Ariana today shows that there is additional potential for further gold resources in the Dokwe area. Ariana has identified a significant gold/arsenic-in-soil anomaly along strike of the planned Dokwe North pit rim. Portable X-ray-Fluorescence (pXRF) ...
- Hybridan Team
- Jon Levinson
Hybridan Small Cap Feast: 26/06/2025
Our daily digest of news from UK Small Caps 26th June 2025 @HybridanLLP * A corporate client of Hybridan LLP. ** Potential means Intention to Float (ITF) or similar announcement has been made. ***Arranged by type of listing and date of announcement. ****Alphabetically arranged and Closing Price on prior day to Publication. Dish of the day Admissions: None Delistings: Maxcyte Inc (MXCT.L) left AIM. Walls & Futures REIT (AQSE:WAFR) lef...
- David Seers
- Paul Smith
Ariana Resources (AAU LN) - Very positive updated economics: Dokwe gol...
Ariana has today announced an updated economic model for its 100% owned Dokwe (North) gold project in Zimbabwe. Using a gold price of $2,750/oz (still lower than current spot at +$3,300/oz) the project generates a post-tax NPV10 of $354m and an IRR of 75% - at a peak capital funding requirement of $82m and an AISC of $1,144/oz and producing, on average, up to 76koz gold per year. The project is very robust with a breakeven gold price of only $1,329/oz for a 10% return – a gold price not seen sin...
- Hybridan Team
- Jon Levinson
Hybridan Small Cap Feast: 19/06/2025
Dish of the day Admissions: None Delistings: Induction Healthcare Group (INHC.L) delisted from AIM. What’s baking in the oven? Potential** Initial Public Offerings: Updated 10th June: iFOREX Financial Trading, the fintech business with a proprietary online and mobile trading platform for multi-asset contracts for difference, announced that its proposed IPO onto the Main Market, which was expected to occur in late June, will be briefly delayed. A routine thematic compliance insp...
- Hybridan Team
Hybridan Small Cap Feast: 05/06/2025
Our daily digest of news from UK Small Caps 5th June 2025 @HybridanLLP * A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) or similar announcement has been made ***Arranged by type of listing and date of announcement ****Alphabetically arranged Dish of the day Admissions: Delistings: G3 Exploration (G3E.L) has left the Main Market. What’s baking in the oven? Potential** Initial Public Offerings...
- David Seers
- Paul Smith
Ariana Resources (AAU LN) - Slivova update - Corporate
Ariana today reports it has finalised the earn-in for 51% of the Slivova gold-silver project in Kosovo following an investment of €0.8m through its holding in Western Tethyan Resources – WTR – owned by Ariana 76%. WTR can earn up to 85% of the project following delivery of a Feasibility Study and EIA. We feel it’s time to remind investors just what Slivova is. Zeus sees it as a small, potentially profitable project – the likes of which have been very successful for Ariana in Turkey.
- David Seers
- Paul Smith
Ariana Resources (AAU LN) - Turkey - Operational update and production...
Ariana today updates on its plans for its operating units in Turkey; The Kiziltepe CIL plant (and open pits) and its new Tavsan mine and heap leach operation. In aggregate Ariana guides to ~25koz gold with high grade ore from Tavsan trucked to the Kiziltepe CIL plant for enhanced recovery, processed alongside ore from the open pits at Kiziltepe at a rate of ~300kt ore for the year. The Turkish mines are owned by the Zenit Partnership which is 23.5% owned by Ariana. A substantial stockpile has...
- David Seers
- Paul Smith
Ariana Resources (AAU LN) - Increased in-pit resources at Dokwe - Corp...
Ariana reports today an updated in-pit Mineral Resource Estimate for the Dokwe Gold Project in Zimbabwe, utilising new geological and economic inputs. The In-pit Measured and Indicated MRE is reported at 19.7Mt grading 1.54g/t Au for 977koz of gold using a gold price of US$2,750 per ounce and a cut-off grade of 0.6g/t Au; the equivalent at a 0.3g/t cut-off is 44.9Mt grading 0.98g/t Au (Measured, Indicated and Inferred) for 1.42Moz of gold which is a 9% increase on that reported in July 2024. Th...
- David Seers
- Paul Smith
Ariana Resources (AAU LN) - Update on Asgard Metals - Ariana's investm...
As well as its production centres in Turkey and its development projects in Eastern Europe and Zimbabwe, Ariana has also invested in earlier-stage mineral exploration around the world – though typically in Australia and Asia. This is done under the auspices of Asgard Metals which is 100% owned by Ariana and through which it both invests directly in companies and provides exploration services. Today Ariana updates on progress in its Asgard Metals portfolio. Perhaps the biggest news is that Ivanho...
- David Seers
- Paul Smith
Ariana Resources (AAU LN) - New assay results show potential at Dokwe ...
Ariana today provides assays details from five holes drilled at its Dokwe project in Zimbabwe. The holes were drilled in 2021 and 2022 as five geotechnical holes (sited for geomechanics information, not for mineralisation) for the Pre-Feasibility Study but all intersected the broader gold mineralised zone and have now been assayed. Substantial widths (not true width) and grades were intersected from depths of 116m to 261m downhole – e.g. 10m grading 1.6g/t gold from 160m and 36m grading 2.4g/t ...
- David Seers
Ariana Resources (AAU LN) - Newmont invests further into European Alli...
Ariana today announces that Newmont (NYSE:NEM, $48bn) has invested a further $0.9m in Ariana at a price of 2.4p/sh. This is part of Ariana’s Exploration Alliance Agreement (RNS 22.3.2022) for exploration in SE Europe. The Alliance is operated by the subsidiary Western Tethyan Resources (WTR) which is owned 76% by Ariana and the current year is the third year of the five year (initial) term of the arrangement. We view this as a positive endorsement of the strategy being employed by Ariana in its ...
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