08 May 2018
AIM: AAU
SHAREHOLDER UPDATE MEETING AND PRESENTATION
Ariana Resources plc ("Ariana" or "the Company"), the exploration and development company with gold mining operations in Turkey, announces that, further to its previous announcement on 10 April 2018, the Board will be holding a shareholder update meeting and presentation followed by a Q&A session today, 08 May 2018, at 6:00 p.m., at 1 America Square, 17 Crosswall Street, London EC3N 2LB.
Dr. Kerim Sener (Managing Director), and certain Board members, will host the evening and he is looking forward to meeting existing and prospective investors.
Pre-registration is required for attendance to the meeting. To confirm attendance please email [email protected].
The presentation will also be available on the Company's website: (www.arianaresources.com).
No new material information will be released at the investor meeting.
Contacts:
Ariana Resources plc |
Tel: +44 (0) 20 7407 3616 |
Michael de Villiers, Chairman |
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Kerim Sener, Managing Director |
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Beaumont Cornish Limited |
Tel: +44 (0) 20 7628 3396 |
Roland Cornish / Felicity Geidt |
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Panmure Gordon (UK) Limited |
Tel: +44 (0) 20 7886 2500 |
Adam James / Tom Salvesen |
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Yellow Jersey PR Limited |
Tel: +44 (0) 7544 275 882 |
Tim Thompson / Harriet Jackson / Henry Wilkinson |
[email protected] |
Editors' Note
About Ariana Resources:
Ariana is an exploration and development company with mining operations focused on epithermal gold-silver and porphyry copper-gold deposits in Turkey, the largest gold producing country in Europe. The Company is developing a portfolio of prospective licences originally selected on the basis of its in-house geological and remote-sensing database, which now contain a total of 1.6 million ounces of gold and other metals (as at end-2017). Ariana's objective is to cost-effectively add value to its projects through focused exploration and to develop its operations, primarily through well-financed joint ventures.
The Company's flagship assets are its Kiziltepe and Tavsan gold projects which form the Red Rabbit Gold Project. Both contain a series of prospects, within two prolific mineralised districts in the Western Anatolian Volcanic and Extensional (WAVE) Province in western Turkey. This Province hosts the largest operating gold mines in Turkey and remains highly prospective for new porphyry and epithermal deposits. These core projects, which are separated by a distance of 75km, form part of a 50:50 Joint Venture with Proccea Construction Co. The Kiziltepe Sector of the Red Rabbit Project is fully-permitted and is currently in production. The total resource inventory at the Red Rabbit Project and wider project area stands at c. 605,000 ounces of gold equivalent (as at end-2017). At Kiziltepe a Net Smelter Return ("NSR") royalty of up to 2.5% on production is payable to Franco-Nevada Corporation. At Tavsan an NSR royalty of up to 2% on future production is payable to Sandstorm Gold.
In north-eastern Turkey, Ariana owns 100% of the Salinbas Gold Project, comprising the Salinbas gold-silver deposit and the Ardala copper-gold-molybdenum porphyry among other prospects. The total resource inventory of the Salinbas project area is c. 1 million ounces of gold equivalent. A NSR royalty of up to 2% on future production is payable to Eldorado Gold Corporation.
Panmure Gordon (UK) Limited are broker 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.
