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RNS Number : 2252O

Ariana Resources PLC

01 October 2019

 

01 October 2019

AIM: AAU

SHAREHOLDER CALL

Ariana Resources plc ("Ariana" or "the Company"), the exploration and development company operating in Turkey, announces that, further to the announcement on 24 September 2019, it will host a conference call for investors and analysts at 13:00 (U.K. local time) today.

The call will be hosted by the Company's Managing Director, Dr. Kerim Sener, who will discuss the interim results and provide a corporate update, followed by a question and answer session.

Investors are invited to submit questions via email ahead of the conference call to [e-mail]. Questions should be submitted by 09:00 (U.K. local time) today. Participants will also have the opportunity to submit questions during the live call.

To participate in the conference call, please dial in to the following:

Standard International Access

[phone]

UK Toll Free

0808 109 0700

Password

Ariana

Shortly following the conference call, a recording will be available to download from the Company website: https://arianaresources.com/investors/presentations.

Contacts:

Ariana Resources plc	Tel: [phone]
Michael de Villiers, Chairman
Kerim Sener, Managing Director
Beaumont Cornish Limited	Tel: [phone]
Roland Cornish / Felicity Geidt
Panmure Gordon (UK) Limited	Tel: [phone]
Adam James / James Stearns
Yellow Jersey PR Limited	Tel: [phone]
Felicity Winkles / Harriet Jackson / Henry Wilkinson	[e-mail]

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.

 

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