REG - Ariana Resources PLC - Director/PDMR Shareholding

Ariana ResourcesAnnouncement

02/12/2021 13:00

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RNS Number : 4036U  Ariana Resources PLC  02 December 2021

 

 

 

 

 

 

2 December 2021

AIM: AAU

Director/PDMR Shareholdings

 

 

Ariana Resources plc ("Ariana" or "the Company"), the AIM-listed exploration
and development company operating in Europe, announces that it has been
informed of the following transaction:

 

·    on 2 December 2021, Dr. Sener purchased into his SIPP 438,000
Ordinary Shares at 4.2p per share.

 

Accordingly, further to this purchase as set out above, Dr. Sener now has
interests in 21,113,526 Ordinary Shares in the Company, representing a holding
of 1.93% of the issued share capital.

 

The following information relating to the transaction has been filed with the
FCA in accordance with the UK Market Abuse Regulation.

 

 

Ahmet Kerim Sener

 

 1   Details of the  person  discharging  managerial  responsibilities  /
      person  closely associated
 a)  Name                                                             Ahmet Kerim Sener
 2   Reason for notification
 a)  Position / status                                                Managing Director

 b)  Initial notification                                             Initial

     /Amendment
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                             Ariana Resources plc

 b)  LEI                                                              213800LVVY7GZY21LH22
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description  of  the financial instrument, type of instrument    Ordinary shares of 0.1 pence each in Ariana Resources plc

     Identification code

                                                                      ISIN GB00B085SD50

     Nature of the transaction

                                                                      -     Purchase of ordinary shares by Dr Sener

 c)  Price(s) and volumes(s)

Price(s)  Volumes(s)
                                                                      4.2p      438,000

 

 d)  Aggregated information                                           n/a
 e)  Date of the transaction                                          2 December 2021

 f)  Place of the transaction                                         LSX

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

2 December 2021

 

 

f)

Place of the transaction

LSX

 

 

Contacts:

 

 Ariana Resources plc                             Tel: +44 (0) 20 3476 2080
 Michael de Villiers, Chairman
 Kerim Sener, Managing Director

 Beaumont Cornish Limited                         Tel: +44 (0) 20 7628 3396
 Roland Cornish / Felicity Geidt

 Panmure Gordon (UK) Limited                      Tel: +44 (0) 20 7886 2500
 John Prior / Hugh Rich / Atholl Tweedie

 Yellow Jersey PR Limited                         Tel: +44 (0) 7951 402 336
 Dom Barretto / Henry Wilkinson / Matthew McHale  arianaresources@yellowjerseypr.com (mailto: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 July 2020). 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 227,000 ounces gold
and 3.7 million ounces silver (as at April 2020). The mine has been in
profitable 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 Project is located in western Turkey and contains a JORC
Measured, Indicated and Inferred Resource of 253,000 ounces gold and 0.7
million ounces silver (as at June 2020). The project is being progressed
through permitting and an Environmental Impact Assessment, with the intention
of developing the site to become the second joint venture gold mining
operation. 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
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 75% of UK-registered Western Tethyan Resources Ltd ("WTR"), which
operates across 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.

Ariana owns 50% 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 16.6Mt @ 0.45% to
1.10% copper (excluding additional gold, silver and zinc).

Ariana owns 100% of Australia-registered Asgard Metals Fund ("Asgard"), as
part of the Company's proprietary Project Catalyst Strategy. The Fund will be
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.

Panmure Gordon (UK) Limited is broker to the Company and Beaumont Cornish
Limited is the Company's Nominated Adviser and Broker.

For further information on Ariana you are invited to visit the Company's
website at www.arianaresources.com (http://www.arianaresources.com) .

 

Ends.

 

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