Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAriana Regulatory News (AAU)

Share Price Information for Ariana (AAU)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2.55
Bid: 2.40
Ask: 2.70
Change: 0.00 (0.00%)
Spread: 0.30 (12.50%)
Open: 2.55
High: 2.55
Low: 2.55
Prev. Close: 2.55
AAU Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Result of AGM

29 Jun 2023 11:06

RNS Number : 3981E
Ariana Resources PLC
29 June 2023
 

29 June 2023

AIM: AAU

RESULT OF AGM

 

Ariana Resources plc ("Ariana" or "the Company"), the AIM-listed mineral exploration and development company with gold mining operations in Europe, is pleased to announce that at the Company's Annual General Meeting, held earlier today, all resolutions were duly passed.

Contacts:

 

Ariana Resources plc

Tel: +44 (0) 20 7407 3616

Michael de Villiers, Chairman

Kerim Sener, Managing Director

Beaumont Cornish Limited

Nominated Adviser (Nomad)

Tel: +44 (0) 20 7628 3396

Roland Cornish / Felicity Geidt

Panmure Gordon (UK) Limited

Joint Broker

Tel: +44 (0) 20 7886 2500

John Prior / Hugh Rich / Atholl Tweedie

WHIreland Limited

Joint Broker

Harry Ansell / George Krokos / Katy Mitchell

Yellow Jersey PR Limited

Tel: +44 (0) 207 2201666

 

Tel: +44 (0) 7983 521 488

Dom Barretto / Shivantha Thambirajah /Bessie Elliot

arianaresources@yellowjerseypr.com

 

 

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 Turkey 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 Turkey 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 Turkey and contains a depleted JORC Measured, Indicated and Inferred Resource of 222,000 ounces gold and 3.8 million ounces silver (as at February 2022). The mine has been in protable production since 2017 and is expected to produce at a rate of c.20,000 ounces of gold per annum to at least the mid-2020s. 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 Turkey and contains a JORC Measured, Indicated and Inferred Resource of 307,000 ounces gold and 1.1 million million ounces silver (as at November 2022). Following the approval of its Environmental Impact Assessment and associated permitting, Tavsan is being developed as the second gold mining operation in Turkey. Construction progress is temporarily suspended pending the outcome of a local court decision pertaining to the EIA. A NSR royalty of up to 2% on future production is payable to Sandstorm Gold.

 

The Salinbas Gold Project is located in north-eastern Turkey 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 Goldeld, which contains the "Hot Gold Corridor" comprising several signicant 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, Turkey and the UK.

 

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 ve-year Alliance Agreement with Newmont Corporation (www.newmont.com) and is separately earning-in to 85% of the Slivova Gold Project.

 

Ariana owns 58% of UK-registered Venus Minerals Ltd ("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 17Mt @ 0.45% to 1.10% 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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
RAGSEDFSUEDSESM
Date   Source Headline
13th Jun 20247:00 amRNSDokwe Project: Revised Mineral Resource Estimate
10th Jun 20241:59 pmRNSNOTICE OF GENERAL MEETING
6th Jun 20247:00 amRNSDokwe Project: Due Diligence Completion
4th Jun 20247:00 amRNSCompletion of Drilling Programme at Salinbas
29th May 20247:00 amRNSZenit Mining Operations Update
9th May 20247:00 amRNSDokwe Gold Project Revised Pre-Feasibility Study
3rd May 20247:00 amRNSAttendance at 121 Mining Investment, London
1st May 20247:00 amRNS2024 Production Guidance
29th Apr 20247:00 amRNSAriana Resources to host Investor Webinar
25th Apr 20247:00 amRNSMerger with Rockover Holdings and Dual-List on ASX
11th Apr 20245:37 pmRNSHolding(s) in Company
26th Mar 20247:00 amRNSResource and Reserves Update
12th Mar 20247:00 amRNSHigh-Grade Drilling Results at Tavsan
22nd Feb 20247:00 amRNSFinal Drilling Results Received for Kizilcukur
15th Feb 20247:00 amRNSDokwe Due-Diligence Update
31st Jan 20247:00 amRNSAsgard Portfolio Update
17th Jan 20247:00 amRNS2023 Production Results and General Update
21st Dec 20237:00 amRNSSignificant New Drilling Results at Tavsan
6th Dec 20237:00 amRNSFurther Positive Drilling Results at Hizarliyayla
4th Dec 20237:00 amRNSCorporate Presentation
30th Nov 20237:00 amRNSSignificant Drilling Results at Salinbas
28th Nov 20237:00 amRNSDrilling Completed at Kizilcukur
22nd Nov 20237:00 amRNSDue Diligence Drilling Commences in Zimbabwe
20th Nov 20237:00 amRNSAttendance at Mines and Money London
13th Nov 20237:00 amRNSYear-End Update on Asgard Investments
18th Oct 20237:00 amRNSWestern Tethyan - Diamond Drilling Commences
29th Sep 20239:00 amRNSInterim Results
6th Sep 20237:00 amRNSWestern Tethyan - Slivova Positive PEA
23rd Aug 202310:00 amRNSGold Sponsor at the Society of Economic Geologists
16th Aug 20237:00 amRNS2023 Half-Year Production Results
15th Aug 20237:00 amRNSCurrent Exploration & Development at Kiziltepe
24th Jul 20237:00 amRNSKizilcukur Drilling and New Geophysical Targets
20th Jul 20237:00 amRNSVenus Minerals IPO Proceeding
19th Jul 20237:00 amRNSTavsan Mine Construction Recommences
17th Jul 20237:00 amRNSWestern Tethyan - Slivova Resource Update
29th Jun 202311:06 amRNSResult of AGM
21st Jun 20237:00 amRNSHizarliyayla Discovery Drilling
19th Jun 20237:00 amRNSSignificant Drilling Results at Salinbas & Ardala
12th Jun 20237:00 amRNSResolutions for AGM and proxy vote form
8th Jun 20237:00 amRNSHolding(s) in Company
7th Jun 20237:00 amRNSInvestor Presentation
6th Jun 20237:00 amRNSFinal Results For The Year Ended 31 December 2022
10th May 20237:00 amRNSWestern Tethyan Completes Slivova Gold Agreement
3rd Apr 20237:00 amRNSAppointment of Joint Broker
20th Mar 20237:00 amRNSInvestor Event In London
15th Mar 20237:00 amRNS2023 Production Guidance
14th Mar 20237:00 amRNSProject Leopard: First Exploration Licenses Given
13th Mar 20237:00 amRNSGeophysical Survey Results At Kepez
7th Mar 20237:00 amRNSVenus Financing and IPO Update
3rd Mar 20233:59 pmRNSTavsan Mine Construction Update

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.