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Ariana Resources (LSE:AAU) is an exploration and development business focused on Turkey. The firm is developing a portfolio of licences containing more than 1.5MMoz of gold and other metals. It aims to add value to projects cost-effectively through focused exploration and well-financed joint ventures (JVs).

Ariana’s flagship assets are the Kiziltepe and Tavsan projects, which together form the Red Rabbit gold project. The sites are found in two mineralised districts in the Western Anatolian Volcanic and Extensional province of Western Turkey. The pair are being developed in a 50:50 JV and contain a total resource inventory of around 605,000oz gold equivalent, as at the end of 2017. As it stands, Kiziltepe is fully-permitted and is in production while Tavsan is in development.

Meanwhile, Ariana also owns 100pc of the Salinbas gold project in north-eastern Turkey. This consists of the Salinbas gold-silver deposit and the Ardala copper-gold-molybdenum porphyry, among other prospects. The entire project area contains a total resource inventory of c.1MMozs of gold equivalent.

Latest Articles

Ariana Resources (LSE:AAU) sat at 1.97p on Monday morning after revealing that low operating cash costs at its Kiziltepe mine have continued into 2019. In a quarterly update for the Turkey-based asset...

On Tuesday, Ariana Resources (LSE:AAU) updated the market on developments at its Salinbas Gold Project in Turkey. The firm has received approval for a 10-year renewal of the Salinbas license from the ...

Ariana Resources (LSE:AAU) sat at 1.77p on Tuesday after revealing that it may have found a way to extend the life of its Kiziltepe mine in Turkey. The business said infill resource drilling has demon...

Ariana Resources (LSE:AAU) released a production update on Tuesday regarding its mining operations at the Kiziltepe Mine in Turkey. Gold production from the mine in the first quarter of this year exce...

Ariana Resources (LSE:AAU) jumped 8.5pc on Friday after revealing strong exploration and development progress across its assets in Turkey. The business, which currently has a £20.4m market cap, reve...

Ariana Resources (LSE:AAU) had a positive end to the year continuing a strong run of production from its Turkish gold mine. Gross income for the final quarter was $10.62m from production and sale of 7...

Ariana Resources (LSE: AAU) climbed 8% on Tuesday on news that it will receive up to £3.79m worth of capital from its subsidiary Galata Madencilik. Galata, Ariana’s wholly-owned Turkish operating c...

Ariana Resources (LSE:AAU) rose 2.94pc on Monday after laying down development plans for its 100pc-owned Kizilcukur project in Turkey. Kizilcukur is based 22km to the northeast of the Kiziltepe mine,...

Ariana Resources (LSE:AAU) rose 2.2pc this morning after announcing that production from its flagship project in Turkey beat expectations by more than a third in 2018. Production from the Kiziltepe mi...

Ariana Resources (LSE:AAU) jumped 6.7pc to 1.6p today after announcing ‘imminent’ drilling at its Kizilcukur project in Turkey. A 1,000m diamond drilling programme aims to upgrade existing JORC re...