RCS - Ariana Resources PLC - Investor Presentation

Ariana ResourcesAnnouncement

29/03/2022 09:00

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RNS Number : 3715G  Ariana Resources PLC  29 March 2022

 

 

 

 

 

29 March 2022

AIM: AAU

 

INVESTOR PRESENTATION

 

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 Dr. Kerim Sener, Managing Director, and Michael de
Villiers, Chairman, will provide an investor webinar on 06 April 2022 at 10
a.m. (UK).

 

The webinar is open to all existing and potential investors. It will consist
of an update on the Company's activities, including the recent production
guidance for 2022 at Kiziltepe and developments regarding Venus Minerals Ltd
and Western Tethyan Resources Ltd, followed by a Q&A session, held on the
Investor Meet Company platform.

 

Investors can sign up to Investor Meet Company for free and then click "Add to
meet" Ariana Resources via the following link to join the webinar:

 

https://www.investormeetcompany.com/ariana-resources-plc/register-investor
(https://www.investormeetcompany.com/ariana-resources-plc/register-investor) .

 

Investors who have already registered and clicked "Add to meet" Ariana
Resources, will be automatically invited.

 

·    Once registered, investors are encouraged to submit questions
pre-event via the Investor Meet Company Platform.

 

·    Questions can be submitted pre-event via the "Ask a Question"
function located on your Investor Meet Company dashboard; in addition
questions can be submitted during the live event.

 

·    While the Company will not be able to answer every question it
receives, it will address the most prominent within the confines of
information already disclosed to the market through regulatory notifications.

 

·    Responses to the Q&A will be published at the earliest
opportunity on the Investor Meet Company platform.

 

·    Investor feedback can also be submitted directly to management post
the event to ensure the Company can understand the views of all elements of
its shareholder base.

 

 

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) 20 3004 9512
 Dominic Barretto / Henry Wilkinson / James Lingfield  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. 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 2021). 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 2021). 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). Following the approval of
its Environmental Impact Assessment, resulting permitting work is ongoing to
develop Tavsan as the second joint venture gold mining operation in Turkey. 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 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 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 17Mt @ 0.45% to
1.10% 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 (http://www.arianaresources.com) .

Ends.

 

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