REG - Ariana Resources PLC - Dual Listing – Close of ASX Offer

Ariana ResourcesAnnouncement

15/08/2025 08:30

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RNS Number : 5088V  Ariana Resources PLC  15 August 2025

15 August 2025

AIM: AAU

Not for release to US wire services or distribution in the United States

CORPORATE OFFER

 

Dual Listing - Close of ASX Offer

Ariana Resources plc (AIM: AAU, "Ariana" or the "Company"), the mineral
exploration and development company with gold project interests in Africa and
Europe, is pleased to advise that its Australian Securities Exchange ("ASX")
dual listing offer ("ASX Offer") closed at 5pm AEST on 15 August 2025.

The Company completed the ASX Offer successfully and will be providing a
further update on the completion of the ASX Offer early next week, as final
subscriptions are processed.

Director Participation

Certain directors of the Company participated in the ASX Offer, details of
which are outlined below:

 Name                 Position                Number of CDIs subscribed for  Application Amount (A$)
 Michael de Villiers  Chairman                178,599                        $50,007.72
 Michael Atkins       Deputy Chairman         90,000                         $25,200.00
 William Payne        Non-Executive Director  142,857                        $39,999.96
 Chris Sangster       Non-Executive Director  35,719                         $10,001.32

Managing Director, Dr. Kerim Sener, has also applied for 157,062 CDIs for nil
cash consideration under a secondary offer made pursuant to the prospectus in
lieu of outstanding director fees owed for the period from May 2025 to July
2025 (£21,245).

The ASX Offer, being an offer to raise between A$10-15 million at a price of
A$0.28 per CDI, was open to eligible investors in Australia and certain other
jurisdictions. Each CDI represents 10 underlying shares in the capital of the
Company.

The Company is working towards the previously announced indicative ASX listing
date of 15 September 2025, under the ticker code AA2.

This announcement has been prepared for publication in Australia and may not
be released to US wire services or distributed in the United States. This
announcement does not constitute an offer to sell, or a solicitation of an
offer to buy, securities in the United States or any other jurisdiction. Any
securities described in this announcement have not been, and will not be,
registered under the US Securities Act of 1933 and may not be offered or sold
in the United States except in transactions exempt from, or not subject to,
registration under the US Securities Act and applicable US state securities
laws.

Further information about Ariana is available on the Company's website
http://www.arianaresources.com (http://www.arianaresources.com)

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the
European Union (Withdrawal) Act 2018 ("UK MAR").

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

 (Nominated Adviser)

 Roland Cornish / Felicity Geidt

 Zeus Capital (Joint Broker)                    Tel: +44 (0) 203 829 5000

 Harry Ansell / Katy Mitchell

 Fortified Securities (Joint Broker)            Tel: +44 (0) 203 411 7773

 Guy Wheatley

 Shaw and Partners (Lead Manager - ASX)         Tel: +61 (0)2 9238 1268

 Damien Gullone

 Yellow Jersey PR Limited (Financial PR)        Tel: +44 (0) 7983 521 488

 Dom Barretto / Shivantha Thambirajah /         arianaresources@yellowjerseypr.com

 Bessie Elliot

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

 

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 a major gold development project in Zimbabwe,
gold-silver production in Türkiye and copper-gold-silver exploration and
development projects in Cyprus and Kosovo.

 

Ariana owns 100% of the Dokwe Gold Project ("Dokwe") in Zimbabwe. Dokwe is
made up of the Dokwe North and Dokwe Central gold deposits which are located
in the Tsholotsho District near the city of Bulawayo. The deposits have a
combined in-pit JORC Measured, Indicated and Inferred Resource of over 1.42
million ounces of gold (as at March 2025) and the project represents the
largest undeveloped gold project in Zimbabwe. A Net Smelter Return ("NSR")
royalty of 0.5% on future production is payable to Yataghan Investments
(Private) Limited.

 

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
Türkiye which contains a depleted total of c. 2.2 million ounces gold
equivalent (as at March 2024, using a price ratio of 90 Ag to 1 Au). The joint
venture comprises the Kiziltepe and Tavsan mines and the Salinbas project.

 

The Kiziltepe Gold-Silver Mine is located in western Türkiye and contains a
depleted JORC Measured, Indicated and Inferred Resource of 171,700 ounces gold
and 3.3 million ounces silver (as at March 2024). The mine has been in
profitable production since 2017 and has producted at an average rate of
c.21,500 ounces of gold per annum. A NSR royalty of 2.5% on production is
being paid to Franco-Nevada Corporation.

 

The Tavsan Gold Mine is located in western Türkiye and contains a JORC
Measured, Indicated and Inferred Resource of 311,000 ounces gold and 1.1
million ounces silver (as at March 2024). The Tavsan processing plant achieved
operational status in July 2025 and will become the second gold mining
operation in Türkiye. A NSR royalty of up to 2% on future production is
payable to Sandstorm Gold.

The Salinbas- Ardala Gold Project is located in north-eastern Türkiye and
contains a JORC Measured, Indicated and Inferred Resource of 598,000 ounces of
gold at the Salinbaş project and 939,000 ounces of gold at the Ardala project
(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 and a separate
private NSR royalty of 1.5% is payable with respect to the Ardala project
specifically.

Ariana owns 76% 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 has
earnt a 51% interest in the Slivova Gold-Silver Project. Certain exploration
activities of WTR are being funded through a five-year Alliance Agreement
with Newmont Ventures Limited (www.newmont.com).

 

Ariana owns 61% of UK-registered Venus Minerals Limited ("Venus") which is
focused on the exploration and development of copper-gold projects in Cyprus,
some of which are in application, containing a combined JORC Indicated and
Inferred Resource of 16.6Mt @ 0.45% to 0.80% copper (excluding additional
gold, silver and zinc).

 

Ariana owns several investments in listed and private companies via its
Australian subsidiary Asgard Metals Pty. Ltd. ("Asgard"), which also
provides technical input into the various investee company exploration
programmes. Investments have been made 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,
Türkiye, UK and Zimbabwe. Its most advanced interest is through a 4.9%
holding of Panther Metals Limited (ASX: PNT).

 

Zeus Capital Limited, Fortified Securities and Shaw and Partners Limited are
the 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.

 

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