Ariana Resources
Primary ticker: LON:AAU
Stage of development: Exploration, Development, Production
Primary minerals: Gold, Silver, Copper
Project to promote: Zenit Mining Operations and Dokwe
Project location: Turkiye, Zimbabwe
Website: arianaresources.com
Ariana Resources is an AIM-listed gold exploration, development and production company focused on precious and technology metals. Ariana aims to advance mineral resource opportunities towards production and commercialisation, and has interests in producing and advanced gold, copper and silver deposits.
Cash: GBP 3
Debt: Nil
Major shareholders:
Hargeaves Lansdown – 19.2%
Barclays Investing – 12.5%
Interactive Investor – 11.5%
Vidacos Nominees – 4.4%
Newmont Mining Corp. – 4.0%
Management ownership – 9.6%
Financials
Management Profile
Kerim Sener BSc (Hons) MSc DIC PhD FGS MIMMM, MANAGING DIRECTOR – Founder and Exploration Geologis
25 years’ experience in Africa, Australia and Europe; responsible for directing the discovery of over 4.3Moz of gold in southeastern Europe since 2007, mainly for Ariana. Co-founder of four listed exploration companies in the Australia, Canada and UK, all having provided substantial investment returns to early investors. Directly involved in raising over US$120M in capital for exploration and development projects in Australia and Türkiye. Non-exec Chairman of Panther Metals Ltd (ASX: PNT), an investee company of Ariana.
What is your rationale for taking part in 121 Mining Investment?
General marketing of the company. Market support for some of our latest developments and activities. Introductions to investors who may support future equity and debt capital raising requirements of the business as it continues to grow and in the advancement of new projects.
What recent news would you like to highlight to investors attending?
26 March – RESOURCE AND RESERVES UPDATE
12 March – HIGH-GRADE DRILLING RESULTS: TAVSAN
22 February – FINAL DRILLING RESULTS: KIZILCUKUR
15 February – DUE-DILIGENCE DRILLING: DOKWE PROJECT
31 January – INVESTMENTS PORTFOLIO UPDATE
17 January – 2023 PRODUCTION RESULTS
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Complete transformative transaction
6 Months:
Dual-list company on the ASX
12 Months:
Completion of PFS/Feasibility reports for major development projects
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
General market malaise, lack of appetite, higher interest rates, increased sensitivity to global risks, contributing to increased cost of capital. All out of our control, so we choose instead to focus on the things we can control – the delivery of high quality projects to the market.
What do you think makes your company such a compelling investment?
A robust track-record of success over 20 years across exploration, development and production. A lower quartile cost of gold discovery and production costs.
What are the top 3 key investor takeaways?
Consistent delivery against objectives
Ability to secure and develop high quality projects at minimal cost to our shareholders.
Technologically innovative team consistently benefitting from the latest developments and thinking.