Construction at the Kiziltepe mine-site kicked off in September and is now well underway with the prime mine contractor also now mobilising. MiningMaven paid a visit to Kiziltepe last weekend to see for ourselves the progress being made on the ground; not only with mine construction, but also the ongoing exploration work currently being undertaken. Ariana will now be working towards doubling the size of its current gold reserves at Kiziltepe; which will ensure that the mine has a robust reserve and resource base in order to grow projected annual production from a base case of 20k ounces and also to extend its current 8 years projected mine life.
In this exclusive MiningMaven podcast interview we talk to Chairman Michael De Villiers and Managing Director Dr Kerim Sener about the progress the company is making and later in the interview we are joined by Metal Tiger’s Executive Director Paul Johnson who gives listeners his views on their investment in Ariana Resources. The fact that Ariana’s share price currently sits at around .85p with a market cap at c. £6.4m (which is lower than it was 5 years ago!) is a point not lost on the management. And like us, investors may believe this represents a very timely opportunity. Essential listening.