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Pin to quick picksAriana Regulatory News (AAU)

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Attendance at 121 Mining Investment, London

3 May 2024 07:00

RNS Number : 0431N
Ariana Resources PLC
03 May 2024
 

Reach

03 May 2024

AIM: AAU

ATTENDANCE AT 121 MINING INVESTMENT, LONDON

Ariana Resources plc ("Ariana" or "the Company"), the AIM-listed mineral exploration and development company with gold mining interests in Europe, is pleased to announce that it will be attending the 121 Mining Investment Conference to engage with existing and prospective investors.

 

121 Mining Investment London connects qualified investors including portfolio managers, analysts, and metal buyers, with mining company management teams for private in person and online meetings.

 

The event is from 15-16 May 2024 and will be taking place at etc. venues 133 Houndsditch, London, EC3A 7BX.

 

Details on how to register to attend the conference can be found via the following link: https://www.weare121.com/121mininginvestment-london/

 

 

Contacts:

 

Ariana Resources plc

Tel: +44 (0) 20 3476 2080

Michael de Villiers, Chairman

Kerim Sener, Managing Director

Beaumont Cornish Limited (Nominated Adviser)

Tel: +44 (0) 20 7628 3396

Roland Cornish / Felicity Geidt

Panmure Gordon (UK) Limited (Joint Broker)

Tel: +44 (0) 20 7886 2500

Hugh Rich / Atholl Tweedie / Rauf Munir

WHIreland Limited (Joint Broker)

Harry Ansell / Katy Mitchell / George Krokos

Yellow Jersey PR Limited (Financial PR)

Tel: +44 (0) 207 2201666

 

Tel: +44 (0) 7983 521 488

Dom Barretto / Shivantha Thambirajah /Bessie Elliot

arianaresources@yellowjerseypr.com

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

 

Editors' Note:

 

About Ariana Resources:

Ariana is an AIM-listed mineral exploration and development company with an exceptional track-record of creating value for its shareholders through its interests in active mining projects and investments in exploration companies. Its current interests include gold production in Türkiye and copper-gold exploration and development projects in Cyprus and Kosovo.

 

The Company holds 23.5% interest in Zenit Madencilik San. ve Tic. A.S. a joint venture with Ozaltin Holding A.S. and Proccea Construction Co. in Türkiye which contains a depleted total of c. 2.1 million ounces of gold and other metals (as at February 2022). The joint venture comprises the Kiziltepe Mine and the Tavsan and Salinbas projects.

 

The Kiziltepe Gold-Silver Mine is located in western Türkiye and contains a depleted JORC Measured, Indicated and Inferred Resource of 171,700 ounces gold and 3.3 million ounces silver (as at March 2024). The mine has been in profitable production since 2017 and has been producing at an average rate of c.22,000 ounces of gold per annum. A Net Smelter Return ("NSR") royalty of 2.5% on production is being paid to Franco-Nevada Corporation.

 

The Tavsan Gold Mine is located in western Türkiye and contains a JORC Measured, Indicated and Inferred Resource of 311,000 ounces gold and 1.1 million ounces silver (as at March 2024). Following the approval of its Environmental Impact Assessment and associated permitting, Tavsan is being developed as the second gold mining operation in Türkiye and is currently in construction. A NSR royalty of up to 2% on future production is payable to Sandstorm Gold.

 

The Salinbas Gold Project is located in north-eastern Türkiye and contains a JORC Measured, Indicated and Inferred Resource of 1.5 million ounces of gold (as at July 2020). It is located within the multi-million ounce Artvin Goldfield, which contains the "Hot Gold Corridor" comprising several significant gold- copper projects including the 4 million ounce Hot Maden project, which lies 16km to the south of Salinbas. A NSR royalty of up to 2% on future production is payable to Eldorado Gold Corporation.

 

Ariana owns 100% of Australia-registered Asgard Metals Fund ("Asgard"), as part of the Company's proprietary Project Catalyst Strategy. The Fund is focused on investments in high-value potential, discovery-stage mineral exploration companies located across the Eastern Hemisphere and within easy reach of Ariana's operational hubs in Australia, Türkiye, UK and Zimbabwe.

 

Ariana owns 75% of UK-registered Western Tethyan Resources Ltd ("WTR"), which operates across south-eastern Europe and is based in Pristina, Republic of Kosovo. The company is targeting its exploration on major copper-gold deposits across the porphyry-epithermal transition. WTR is being funded through a five-year Alliance Agreement with Newmont Mining Corporation (www.newmont.com) and is separately earning-in to up to 85% of the Slivova Gold Project.

 

Ariana owns 61% of UK-registered Venus Minerals PLC ("Venus") which is focused on the exploration and development of copper-gold assets in Cyprus which contain a combined JORC Indicated and Inferred Resource of 16.6Mt @ 0.45% to 0.80% copper (excluding additional gold, silver and zinc.

 

Panmure Gordon (UK) Limited and WH Ireland Limited are brokers to the Company and Beaumont Cornish Limited is the Company's Nominated Adviser.

 

For further information on Ariana, you are invited to visit the Company's website at www.arianaresources.com.

 

Ends.

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NRASSWFFEELSEDI
Date   Source Headline
19th Jul 20063:30 pmRNSAGM Statement
3rd Jul 20068:36 amRNSDirectors' Shareholdings
21st Jun 20069:08 amRNSFINAL RESULTS
23rd May 20069:42 amRNSHolding in Company
11th May 20068:56 amRNSPlacing and Drill Programme
27th Apr 20068:30 amRNSNew Gold Zone Discovery
25th Apr 20068:34 amRNSWide Gold Zone Confirmed
30th Mar 20069:45 amRNSExploration Update
16th Feb 20067:01 amRNSFurther re exploration
2nd Feb 20067:00 amRNSKepez Sampling Results
10th Jan 20067:30 amRNSDrilling Report
9th Jan 200611:40 amRNSHolding(s) in Company
30th Nov 20058:00 amRNSExploration Update
16th Nov 20058:30 amRNSSoil Survey Results
10th Nov 20058:08 amRNSBusiness update
13th Oct 20052:53 pmRNSOptions, Shares, Shareholding
7th Oct 20053:37 pmRNSInterim Results
21st Sep 20057:00 amRNSBusiness Update
1st Aug 200511:42 amRNSShareholding
28th Jul 20058:00 amRNSDealings Commence

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