RE: RNS19 May 2026 02:12
I read that, as a positive RNS ( https://www.londonstockexchange.com/news-article/AAU/sale-of-13-6-interest-in-zenit-for-us-19-5m-cash/17595422 ),...Guidance given in the RNS:
Dr. Kerim Sener, Managing Director, commented:
"We are delighted to have reached this agreement with Özaltın to partially monetise our interest in Zenit at a strategically important point in Ariana's growth trajectory. The transaction reflects our disciplined capital allocation strategy and active portfolio optimisation, with a clear focus on accelerating the development of the flagship Dokwe Gold Project while minimising shareholder dilution.
"Zenit is a mature, cash-generative minority investment in producing operations. This transaction crystallises significant embedded value from that holding while retaining meaningful upside exposure, enabling Ariana to redeploy capital into a potentially company-making, 100%-owned gold development project with long-term growth potential.
"Dokwe is a transformational asset for Ariana, which represents a large-scale, long-life asset, underpinned by strong economics, as demonstrated in the pre-feasibility study update announced in 2025. As the project advances, it continues to attract significant industry interest.
"This transaction, which is now complete and not subject to further approvals of any kind, provides substantial non-dilutive funding to support the rapid advancement of Dokwe through feasibility and development, strengthening our balance sheet and preserving shareholder value amid increasingly uncertain global macro-economic conditions."
BW