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.
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...
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...
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...
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 ...
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 ...
Ariana today reports its 2024 production from its Turkish operations and provides a general operational update. In the year ending December 2024, it produced 20.9koz of gold, exceeding full year guidance of 20koz, from its Zenit Mining operations in Turkey (23.5% owned by Ariana). This generated $54.7m in revenues. Mining and construction has ramped up at the new Tavsan mine with mining continuing at Kiziltepe from the Arzu South pit (Exhibit 1) with a combined production from Tavsan (Heap Leach...
Ariana today provides an exploration update for it’s non-core projects in Kosovo, Cyprus and eastern Turkey. While the focus has been on Dokwe in Zimbabwe and the finalisation of construction at Tavsan in Turkey, Ariana has been quietly working away and improving its knowledge on its non-core exploration assets. We describe progress below.
* A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: None Delistings: Caledonian Trust (CNN.L) has delisted from AIM. What’s baking in the oven? Transferring markets: 8 November: Zentra Group plc (ZNT.L)* will delist from the E...
Ariana has for a while been alluding to the potential it sees in its Dokwe Project in Zimbabwe. Today it highlights the Maboe prospect at Dokwe South originally identified as an area of interest in the first Dokwe soil sampling programme. It also reports on the potential it sees at the Siduli Pan prospect. Today’s news shows that there are likely additional gold-bearing structures in the Dokwe licence area, potentially close to the surface. If further resources can be defined then the econom...
Ariana today provides a general update on its Turkish operations. These are operated by Zenit Madencilik which is 23.5% owned by Ariana. The key highlights are that the construction / commissioning of its second operating mine at Tavsan is progressing well with major works expected to be completed by the end of the year and first gold expected from the heap leach in early 2025. In the meantime, open pit ore is both being stockpiled and higher-grade ore trucked to the Kiziltepe plant for gold rec...
Ariana announces today that it has secured a financing agreement with an Institutional Investor for up to $5m, of which an initial $2m has been advanced to Ariana. Funding will be used to progress the Dokwe gold project in Zimbabwe through Feasibility Studies.
Ariana has completed a review of all of its exploration data for the Dokwe gold project in Zimbabwe. It has highlighted several zones of potential extensions to mineralisation in and around its defined mineral resources. These consist of open plunging high-grade ore shoots (Dokwe North), repeated stratigraphy (northwest flank of Dokwe North) and open resources (Dokwe Central). In addition, the whole of the Dokwe project area has not been tested with drilling and with several interesting gold-...
A director at Ariana Resources sold 4,000,000 shares at 4.56p and the significance rating of the trade was 51/100. 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...
Summary Marketline's Acacia Mining plc Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Acacia Mining plc since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic a...
The compliant Preliminary Economic Assessment (PEA) on their Pastos Grandes lithium brine project in Argentina is encouraging, although they are using a fancy average lithium carbonate equivalent (LCE) price assumption of US$13,500 per tonne ($/t). For a 25,000 tonnes per annum of LCE over 25 years, with a 3 year ramp up period, the up-front cost is $410m. Using $13,500/t for LCE, they estimate an after-tax Internal Rate of Return (IRR) of 23.4% and an after-tax Net Present Value (NPV) of $607...
Copper remains rampant and is now up three US cents per pound ($/lb.) at $3.13/lb. The Financial Times reports that not only Chinese speculators are pushing, but hedge funds have piled in as well on electric vehicle hopes. Apparently today’s move is a result of expectations for good forthcoming economic data from China.
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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 sp...
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