RCS - Ariana Resources PLC - ATTENDANCE AT MINES AND MONEY LONDON

Ariana ResourcesAnnouncement

24/11/2021 08:35

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RNS Number : 4390T  Ariana Resources PLC  24 November 2021

 

 

 

 

 

24 November 2021

AIM: AAU

 

ATTENDANCE AT MINES AND MONEY LONDON

 

Investor Presentation

 

Ariana Resources plc ("Ariana" or "the Company"), the AIM-listed mineral
exploration and development company with interests in gold mining operations
in Europe, is pleased to announce that it will be attending the Mines and
Money London Conference, which takes place on 1-2 December 2021.

 

Western Tethyan Resources Ltd ("WTR"), of which Ariana owns 75%, and Venus
Minerals Ltd ("Venus"), of which Ariana owns 50%, will also be attending.

 

The Company will be available to meet existing and prospective shareholders
and other interested parties from 11am on Wednesday, 1 December and Thursday,
2 December in a conference room at the Hilton London Angel Islington Hotel, 53
Upper St, London N1 0UY, which is adjacent to the Business Design Centre where
the Mines and Money conference is taking place.

 

Managing Director Kerim Sener will provide a presentation to investors at 11am
on Thursday, 2 December, to be shown at the same location. The presentation
will be made available on the Company's website shortly after the event.

 

To attend the investor presentation or to request further information
regarding meeting with the Company, WTR and/or Venus, please contact
arianaresources@yellowjerseypr.com (mailto:arianaresources@yellowjerseypr.com)
.

 

 

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' Notes:

 

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. 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). Operations comprise 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 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 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 Inferred Resource of 9.5Mt @ 0.65% copper (excluding
additional gold, silver and zinc).

 

Ariana operates its wholly-owned 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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