REG - Ariana Resources PLC - Exploration Drilling Commences at >1Moz Dokwe

Ariana ResourcesAnnouncement

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RNS Number : 0047G  Ariana Resources PLC  04 November 2025

4 November 2025

AIM: AAU

ASX: AA2

Exploration Drilling Commences at >1Moz Dokwe Gold Project, Zimbabwe

Ariana Resources plc (AIM: AAU, ASX: AA2, "Ariana" or the "Company"), the
mineral exploration, development and production company with gold project
interests in Africa and Europe, is pleased to announce that exploration
drilling has commenced for the 100% owned Dokwe Gold Project ("Dokwe" or "the
Project") in Zimbabwe.

Highlights:

o  RC drilling underway at the >1Moz Dokwe Gold Project (Figure 1).

 

o  An initial 26-hole, 4,000m RC drilling campaign is designed to test four
target areas and to identify potential areas for future resource expansion.

 

o  Major shear zones host the mineralisation at Dokwe with >1Moz of gold
contained within only about 10% of the total 12km of strike length; remainder
untested by drilling, suggesting considerable upside and discovery potential.

 

o  Follow-up drilling may be planned, depending in part on the results
obtained from the drilling of these targets; initial assays are expected to be
available before year end.

 

o Consideration is being given to potentially expanding the scope of the RC
programme to encompass drilling for metallurgical purposes at Dokwe Central in
particular.

Dr. Kerim Sener, Managing Director of Ariana Resources, commented:

"We are now well underway with our drilling programme at Dokwe, which has the
objective of testing several targets identified in recent exploration work.
Several areas of potential have been highlighted from the results of the soil
geochemistry programme completed over the past few months. We look forward to
seeing the first results of this programme prior to the end of this year and
have contingency to allow for an expanded RC campaign, as required.

"We are also planning for the initial metallurgical work at Dokwe Central to
be completed using RC drilling chips. Some diamond drilling will also be
required on this area in the future, including for geotechnical purposes, but
the results of this initial programme of RC drilling will go substantially
towards defining the most appropriate and cost-effective future work
activities for the Feasibility Study."

Figure 1: RC drilling commences at the Dokwe Project. Several targets are
being tested, including the gold-in-soil anomaly identified to the northeast
of Dokwe North and various targets in the vicinity of Dokwe Central

 

Summary of Drilling Targets

 

Exploration drilling is underway at the Dokwe North and Dokwe Central areas
and their extensions, following the completion of regional exploration across
the project area which outlined several additional targets (Figure 1). This
work included the collection of 10,086 soil samples for multi-element portable
XRF ("pXRF") and detectORE(TM) gold analysis on a 50m by 100m grid across the
entire project area totalling 44km(2). Drilling is commencing with the Dokwe
North Extension target, which was outlined in the soil geochemical programme.

 

Drilling is also planned to follow-up a historical intercept of 7.3m @ 6.63g/t
Au from 32.2m at the Sinkwe prospect and of 0.5m @ 81.09g/t Au from 243m at
the Siduli Pan prospect. Gold mineralisation at Dokwe North, Central and
Siduli Pan are hosted by shear zones which juxtapose distinct litho-structural
domains, separating volcanic and sedimentary units. Prospective shear zones
have a combined strike length of at least 12km within the project area and
remain largely untested.

 

For further information, please refer to the AIM announcement on 23 October
2025
(https://www.londonstockexchange.com/news-article/AAU/significant-dokwe-exploration-update/17291506)
and the ASX announcement on 27 October 2025
(https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03013920-6A1293048&v=undefined)
.

Table 1: Dokwe Mineral Resource Estimate

 

 PROJECT        CLASSIFICATION                        TONNAGE     GRADE      CONTAINED GOLD (oz)

(t)
(g/t Au)
                (REPORTING CUT-OFF GRADE 0.3g/t Au)
 Dokwe North    Measured                              17,309,000  1.06       592,000
                Indicated                             18,562,000  0.90       537,000
                Inferred                              7,095,000   0.82       187,000
                Total                                 42,966,000  0.95       1,316,000
 Dokwe Central  Indicated                             1,811,000   1.60       93,000
                Inferred                              120,000     1.69       7,000
                Total                                 1,931,000   1.61       100,000
 Total          Measured                              17,309,000  1.06       592,000
                Indicated                             20,373,000  0.96       631,000
                Inferred                              7,214,000   0.83       193,000
 TOTAL                                                44,896,000  0.98       1,416,000

 

 PROJECT        CLASSIFICATION                        TONNAGE     GRADE      CONTAINED GOLD (oz)

(t)
(g/t Au)
                (REPORTING CUT-OFF GRADE 0.6g/t Au)
 Dokwe North    Measured                              10,220,000  1.50       493,000
                Indicated                             8,260,000   1.50       399,000
                Inferred                              3,123,000   1.33       134,000
                Total                                 21,604,000  1.48       1,025,000
 Dokwe Central  Indicated                             1,207,000   2.19       85,000
                Inferred                              98,000      1.98       6,000
                Total                                 1,306,000   2.18       91,000
 Total          Measured                              10,220,000  1.50       493,000
                Indicated                             9,468,000   1.59       484,000
                Inferred                              3,222,000   1.35       140,000
 TOTAL                                                22,909,000  1.52       1,116,000

Notes:

1.   The Dokwe Mineral Resource Estimate is reported in accordance with the
JORC Code. Reported using cut-offs grades of 0.3g/t Au and 0.6g/t Au As at 4
March 2025.

2.   Refer to sections 4.8.5 and 4.8.6 of the IGR for further information
regarding the Dokwe Mineral Resource Estimate including information required
by ASX Listing Rule 5.8.

3.   The Dokwe Mineral Resource Estimate is inclusive of Reserves.

Compliance Statements

The information in this announcement relating to Mineral Resources and Ore
Reserves has been reported by the Company in accordance with the 2012 Edition
of the 'Australasian Code for Reporting of Exploration results, Mineral
Resources and Ore Reserves' (JORC Code) previously (refer to the Company's
replacement prospectus, which was released to the ASX market platform on 8
September 2025 (Prospectus) and is available on the Company website
(https://www.arianaresources.com/) (Previous Market Announcement). The Company
confirms that it is not aware of any new information or data that materially
affects the information included in the Previous Market Announcement and, in
the case of estimates of Mineral Resources and Ore Reserves, that all material
assumptions and technical parameters underpinning the estimates in the
Previous Market Announcement continue to apply and have not materially
changed.

The information in this announcement that relates to the Dokwe PFS production
target, or the forecast financial information derived from that production
target was first reported on the ASX in the Previous Market Announcement. The
Company confirms that all the material assumptions underpinning the production
target, and the forecast financial information derived from the production
target, in the Previous Market Announcement continue to apply and have not
materially changed.

Competent Persons Statement

The information in the Investment Overview Section of the prospectus (included
at Section 3), the Company and Projects Overview (included at Section 5), and
the Independent Geologist's Report (included at Annexure A of the prospectus),
which relate to exploration targets, exploration results, mineral resources,
Ore Reserves and forward looking financial information is based on, and fairly
represents, information and supporting documentation prepared by Alfred
Gillman, Ruth Woodcock, Izak van Coller, Hovhannes Hovhannisyan (together, the
JORC Competent People), and Richard John Siddle, Andrew Bamber and Daniel Van
Heerdan (together, the Qualified People). Refer to the Independent Geologist's
Report for further information in relation to the information compiled by each
of the JORC Competent People and the Qualified People, their professional
memberships, their relevant qualifications and experience and their
relationship with the Company.

The Company confirms that the form and context in which the Competent Persons'
findings are presented have not been materially modified from the Previous
Market Announcement.

Forward-looking statements and disclaimer

This announcement contains certain "forward-looking statements".
Forward-looking statements can generally be identified by the use of forward
looking words such as "forecast", "likely", "believe", "future", "project",
"opinion", "guidance", "should", "could", "target", "propose", "to be",
"foresee", "aim", "may", "will", "expect", "intend", "plan", "estimate",
"anticipate", "continue", "indicative" and "guidance", and other similar words
and expressions, which may include, without limitation, statements regarding
plans, strategies and objectives of management, anticipated production dates,
expected costs or production outputs for the Company, based on (among other
things) its estimates of future production of the Projects.

To the extent that this document contains forward-looking information
(including forward-looking statements, opinions or estimates), the
forward-looking information is subject to a number of risk factors, including
those generally associated with the gold exploration, mining and production
businesses. Any such forward-looking statement also inherently involves known
and unknown risks, uncertainties and other factors that may cause actual
results, performance and achievements to be materially greater or less than
estimated. These factors may include, but are not limited to, changes in
commodity prices, foreign exchange fluctuations, general economic and share
market conditions, increased costs and demand for production inputs, the
speculative nature of exploration and project development (including the risks
of obtaining necessary licenses and permits and diminishing quantities or
grades of reserves), changes to the regulatory framework within which the
Company operates or may in the future operate, environmental conditions
including extreme weather conditions, geological and geotechnical events, and
environmental issues, and the recruitment and retention of key personnel.

The Board of Ariana has approved this announcement and authorised its release.

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

 Dr. 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

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

 Dom Barretto / Shivantha Thambirajah /            arianaresources@yellowjerseypr.com

 Bessie Elliot

 MC Partners (Aus Financial PR)                    Tel: +61 438 227 286

 Christina Granger / Ben Henri                     christina.granger@mcpartners.com.au

 Shaw and Partners Limited                         Tel: +61 (0)2 9238 1268

 (Lead Manager - ASX)

 Damien Gullone

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 plc:

Ariana is a mineral exploration, development and production company dual
listed on AIM (AIM: AAU) and ASX (ASX: AA2), 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 Kosovo and Cyprus.

For further information on the vested interests Ariana has, please visit the
Company's website at www.arianaresources.com (http://www.arianaresources.com)
.

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.

Ends.

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