Ariana Resources PLC (AIM:AAU) managing director Kerim Sener gives Proactive an update on its Asgard Metals Fund. He says the companies have successfully raised additional funds both privately and through the capital markets, totalling circa A$5,500,000, which he says has been a real achievement. Sener adds that diamond drilling is progressing well at the Hertica project in Kosovo while the company also has a number of drill programs advancing in Turkey. ‘'It’s probably one of the most active periods we’ve ever been involved in'', he says.
Sener said: "During the year, we made certain additional investments in some of our investee companies and welcome adding two new companies to the portfolio - Rockover Holdings, operating in Zimbabwe through a wholly-owned subsidiary, and Altai Resources, operating in Kazakhstan.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Ariana Resources plc is a United Kingdom-based mineral exploration and development company. The Company's interests include gold production in Turkiye and copper-gold exploration and development projects in Cyprus and Kosovo. The Company holds an approximately 23.5% interest in Zenit Madencilik San. ve Tic. A.S. a joint venture with Ozaltin Holding A.S. and Proccea Construction Co. in Turkiye. The joint venture comprises the Kiziltepe Mine and the Tavsan and Salinbas projects. The Kiziltepe Gold-Silver Mine is located in western Turkiye. The Tavsan Gold Mine is located in western Turkiye and contains a JORC Measured, Indicated and Inferred Resource of approximately 311,000 ounces gold and 1.1 million ounces silver. The Salinbas Gold Project is located in north-eastern Turkiye and contains a JORC Measured, Indicated and Inferred Resource of around 1.5 million ounces of gold. It owns 100% of Asgard Metals Fund; 75% of Western Tethyan Resources Ltd, and 61% of Venus Minerals PLC.