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Couldn't let today go without saying something. I've been here nearly six years waiting for this day. Well perhaps that is still a bit premature, but I'm trying to imagine the hope, the cloud 9 feelings, the great to be alive emotions going through Trish. And all those others on the trial praying for similar results. As Chelsea rightly says this is a memorable day, a wonderful, special day. Let's not forget Prof Lindy Durrant either. What a star. Nobel price please. Knighthood , Dame etc. etc.
Did investor's not appreciated the significance of the 31st Oct RN, perhaps placing more reliance on the text words from patient Trish ?
All three patients in Cohort 2 have successfully received two doses and the injections were well tolerated with no safety concerns. Encouragingly, all three patients showed a delayed type hypersensitivity response to the vaccine, which is indicative of a T cell response, and the first patient to be assessed has shown a partial tumour response at first radiological reassessment.
No problem John. Hope you are well.
ASGARD METALS
Taking minority strategic interests in various junior Co’s in Australia including:-
The listed Panther Metals (made a recent major nickel/cobalt discovery - 76 Mt)) where Kerim is Non Executive Chairman
Pallas Resources Ltd.,
TECHNOLOGY, DATABASES & SKILLS SET
Leading the way with technology
> Remote sensing
> Geotech Box
Class team
> Full geological team including geochemists, geophysicists, geologists, a GIS analyst and remote sensing specialisation specialists.
Best Turkey data base
> Newmont spent 20 years exploring for gold in Turkey and Ariana has access to all that data.
> Better position than peers - “No other Co. in the world has datasets that Ariana has over Eastern Turkey in particular”
These unique capabilities have lead to Ariana having one of the lowest gold discovery costs per oz in the world.
Also in bottom quartile for production costs per oz.
SHARE PRICE:
Expecting to see a similar story that happen with Tavsan, prior to Kiziltepe coming into production in 2017 and Bank debt of $50m repaid.
Kerim said “the market will appreciate it soon enough”.
These are the Notes I made for myself having listened to the Podcast twice:
ARIANA RESOURCES - November Podcast
> 36,000m drilled over last couple of years - very big programme
> Ariana is about maximising the use of all the tools (unique database and highly developed skill sets, etc. “to make the next big discovery in Eastern Turkey”.
> All guns blazing on the exploration front in Turkey right now. Focus seems to have shifted to the core Turkish assets which will drive value over the short/medium term.
TAVSAN - The Second Mine
E.I.A. and Forestry permits obtained - Helped by Ozaltin.
Updated Mineral Resource - due soon - pre Xmas?
New drilling programme commenced,
Which will lead to another updated mineral resource during corse of 2023
First production scheduled for Q3 - 2023
* going smoother than Kizilitepe at this point in the process.
SALINBAS/ARDALE/HIZARLIYAYLA
All Forestry Permits granted - Ozaltin assistance.
Originally 2300m of initial drilling - now over 6000m - really picking up speed.
Second drill rig added
Drilling into 2023 and beyond.
Big project - different scale to Tavsan & Kiziltepe
Progress on E.I.A. helped again by Ozaltin
Funded by Ozaltin to tune of $8m
Ozaltin has a very experienced exploration geologist with expertise in permitting, getting the E.I.A. and then the Forestry Permits for both Salinbas and Tavsan.
KIZILTEPE
11,000m drilling programme in current year
Resource estimates update due in 2023
Followed by a Reserve update
Leading to extended Life of Mine for Kiziltepe
Expanding satellite pits (Kepez, Karakavak and Kizilcukur) to build resource and feed main mine at Kiziltepe. Sounds like Kiziltepe has quite a bit more life yet.
PROJECT LEOPARD - EASTERN TURKEY
NOTE: this is100% owned by Ariana
Kerim hopes to say more on this in coming months.
Could be exciting. Will this be the next big discovery in Eastern Turkey he refers too?
KOSOVO - Western Tethyan Resources (WTR)/Newmont
> 75% owned by Ariana Resources.
> 300 km squared copper, gold deposit which is relatively advanced.
> Option on Sol….(not sure of name) gold project - currently in D.D. > Kerim said this was fairly advanced.
CYPRUS - Venus Minerals - (IPO in 2023 when market right)
> 50% ownership of Venus Minerals
> Magellan project holds 17m tonnes of copper, gold, silver & zinc.
> Venus has option on a 50/50 J.V. in Cyprus - Apiliki mine, which is fully permitted. Has it’s own processing plant etc. and is pretty well ready to go.
Not having to outsource, thereby losing vital control, but keeping it tight, keeping it in-house till at the right point Ariana is in a position to blow the socks off his peers, the mining sector and us the patient investors.
I've expressed my concerns about shareholder communication and lack of direct director interface with shareholders, but just perhaps Kerim has a plan which he is about to surprise us all with.
My reservations concerning succession planning and an inadequate Board remain, but these can be put aside for another day, if Kerim shows us in short order he has in fact done a blinder. Anyone agree?
Just thought I'd share a few of my observations on the Podcast.
1. A very considered Kerim - mature, confident and full of quality assessments. No spin, no fluff.
2. I've been frustrated like many by the way the communication has been managed, but perhaps Kerim saw value in leaving things to really progress on a number of fronts before hitting the market. I got the feeling that going into next week's Mine & Money we could start to see and hear hard facts on the real progress that has been made both in terms of drilling across Tavsan, Kiziltepe and Salinbas etc., exploration and importantly mine build at Tavsan. A big hit rather than drip feed, if you like.
3. I can see the need as an Investor not to gloss over statements about technology, data and skill sets. It is easy to brush these aside as "noise"; as givens. But these are looking like real strategic best practices giving Ariana real competitive advantage, both in terms of having one of the lowest ongoing discovery costs per oz in the world, bottom quartile production costs per oz, but also the potential to fulfil the Vision "to make the next big discovery in Eastern Turkey". That must excite us all.
4. I was really excited to hear Kerim confirm that Project Leopard is owned 100% by Ariana. Could this be where he makes his "next big discovery" in Eastern Turkey? I eagerly await more details of what assets are actually part of Project Leopard. This hasn't been clear, but now he promises to say more in coming months. Good.
5. I'm impressed by Mentor Demi at Western Tethyan Resources as I've commented on before, As we know, WRT is owned 75% by Ariana. I got the impression from this Podcast that again Kosovo projects are fairly advanced and as a result there could be stored up value accretive news ready to drop in early 2023, if not before. Perhaps this will also take us by surprise.
6. Cyprus/Venus Minerals is a solid strategic project, 50% owned by Ariana which should again deliver value with the IPO etc. in 2023. IPO delayed yes, but for good reason. I'm not unhappy with that. Getting full value is more important for shareholders.
In conclusion, Kerim said Ariana is in a better position than its peers - "No other Co. in the world has datasets that Ariana has over Eastern Turkey in particular" - where he hopes to make the next big discovery. This is beginning to look very doable.
I'm also very impressed by the class team they have put together - a full geological team including geochemists, geophysicists, geologists, a GIS analyst and remote sensing specialist. This is way beyond what you would expect from a junior miner on AIM. Kerim has a bigger picture plan which it is beginning to look like we will see the direct benefits off. This plus the uniqueness of the datasets etc., demonstrates how Kerim sees big; how Kerim sees Ariana making a name for itself. He has been happy, it appears to be under the radar until he has all his ducks lined up.
Not having to outsource, thereby losin
Listen on Apple Podcasts: https://podcasts.apple.com/gb/podcast/dig-deep-the-mining-podcast-podcast/id1440020656?i=1000587093788
Successful Mining and Exploration in Turkey and Beyond with Kerim Sener
Dig Deep – The Mining Podcast Podcast
In this episode, we chat with Kerim Sener, Managing Director at Ariana Resources, an AIM-listed gold exploration and development company focused on epithermal gold-silver and porphyry copper-gold deposits in Turkey. Kerim is an experienced exploration geologist within the junior mining space. He has worked in Australia, Europe, Africa, and North America and gives us an update on Ariana’ Kiziltepe, Tavsan and Salinbas projects and what Turkey is like as a mining jurisdiction. KEY TAKEAWAYS Ariana Resources has an operational gold and silver mine in the Kiziltepe sector, in Turkey. Several satellite projects are being explored around the Kiziltepe mine and mill. The Tavsan gold and silver project is in development and is due to be up and running in Q3. More exploration is running alongside this. In Cyprus, Ariana Resources is developing a series of copper-gold projects with Venus Minerals. The Turkish government has been supportive of mining. In 20 years, the country has gone from one active mine to 17. Ariana Resources is currently the only AIM-listed company exploring for gold in Turkey. They have enhanced datasets which means they have the edge when it comes to exploring Turkey, which is underexplored. Their team includes a full geological team, including geochemists, geophysicists, a GIS manager, resource specialists and remote sensing specialisation. Ariana Resources have been involved in developing important pieces of successful technology. This has kept their gold discovery per ounce cost down to the lowest in the world. The company has successfully raised a lot of cash. Shareholders have already received high premiums. BEST MOMENTS ‘Kiziltepe was a huge milestone for the company because we made the successful transition that few make in our space from pure exploration, into production. ´ ‘Turkey is the largest gold producer in Europe currently. And it's one of the largest gold producers in the world.’ ‘We very much pride ourselves on our use of technology, not just using bits of technology and kit to our advantage, but actually being an integral part of the development.’ EPISODE RESOURCES LinkedIn: https://www.linkedin.com/company/ariana-resources-plc?originalSubdomain=uk Twitter: https://twitter.com/ArianaResources?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor YouTube: https://www.youtube.com/channel/UCSnkV2Rvye7fLRRskBuHQzQ/videos VALUABLE RESOURCES mailto:rob@mining-international.org https://www.linkedin.com/in/rob-tyson-3a26a68/ http://www.mining-international.org https://twitter.com/MiningConsult https://www.facebook.com/MiningInternational.org https://www.youtube.com/channel/UC69dGPS29lmakv-D7LWJg_Q?guided_help_flow=3 ABOUT THE HOST Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across t
Did I hear correctly the Vulpes man say towards the end: - "The most exciting thing we have ever seen".
Other messages I picked up on.
1. "Going superbly well"
2. "early results better than expected"
3. Front end payment from GenMab expected this week
4. Cash till Q1 - 2024
5. Civility reporting January 2023
6. Cohort three currently - fully recruited in new year (138) with "regular updates"
7. Possible deals in 2023
8 Taking care over appointment of new Non Executive Chairman - doesn't want to change the strategy. Couple in the wings under consideration.
9. Modi 2 into clinic/trials in 2024
I'm sure there was a lot more but those stood out for me. Hope I heard correctly.
Yes I agree...very good sound quality. Well done. Much appreciated. I guess as usual the Co. will put the AGM presentation slides on their web site soon. A very unique Co. for sure in so many ways.
I really look forward to the future for everyone involved, in particular those receiving clinical trials now and in the future.
"Managing Director Dr. Kerim Sener will provide a presentation at 10:30am on Wednesday, 30 November- Mines & Money.
Not sure if that is live or video from Australia. Let's hope he remembers he needs to update the market on Tavsan, Salinbas, Project Leopard, the Cyprus IPO etc.
Bated breath waiting for crumbs from the AGM floor. Thanks in advance to all those who have made the effort to attend the AGM and then kindly indulge the rest of us desperate souls for news, progress, confidence, excitement., body language signals etc. etc.
Sorry that should read "I'm not sure changing a Co's name is considered a good thing. A red flag."
I'm not changing a Co's name is considered a good thing. Done to distance the Co. from previous poor performance perhaps. And what about today? Capital Markets day and the share price falls.
Do we know what the shorts register looks like? Hope it doesn't include C.F. indirectly!
With such a big job to do here, wot on earth is he doing deflection his attention to Reabold Resources. I hope he fails and he needs to sort this mess out first and deliver on his promises. The taste is getting more sour by the day.