REG - Ariana Resources PLC - Total Voting Rights

Ariana ResourcesAnnouncement

31/03/2021 12:20

RNS Number : 1483U
  
Ariana Resources PLC
  
31 March 2021
  
 

 
31 March 2021
AIM: AAU
 
TOTAL VOTING RIGHTS 
 
Ariana Resources plc ("the Company"), the exploration and development company operating in Europe, announces, for the purposes of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority ("FCA"), the following:
 
As at the date of this announcement, the Company's issued share capital consists of 1,084,677,943 ordinary shares with a nominal value of 0.1p each, with voting rights ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury.  Therefore, the total number of Ordinary Shares in the Company with voting rights is 1,084,677,943.
 
The above figure of 1,084,677,943 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
 
 
Contacts:
 



Ariana Resources plc


Tel: +44 (0) 20 7407 3616




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




Atholl Tweedie / James Stearns


















Yellow Jersey PR Limited


Tel: +44 (0) 20 3004 9512




Dom Barretto / Joe Burgess / Henry Wilkinson


arianaresources@yellowjerseypr.com



 
 
Editors' Note
 
About Ariana Resources:
Ariana is an AIM-listed mineral exploration and development company operating in Europe 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 exploration, development and production in Turkey and copper-gold exploration and development projects in Cyprus.  
The Company holds a 23.5% interest in Zenit Madencilik San. ve Tic. A.S. a joint venture with Özaltin 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 0.7 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 3.7 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 joint venture's second 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 is also earning-in to 50% of UK-registered Venus Minerals Ltd ("Venus") and has to date earned into an entitlement to 16%. Venus is focused on the exploration and development of copper-gold assets in Cyprus which contain a combined JORC Inferred Resource of 9.5Mt @ 0.65% copper (excluding additional gold, silver and zinc).
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.
Ends.
 
 

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