Ariana Resources is advancing gold opportunities in Turkey

Ariana Resources plc is an AIM-listed gold-silver exploration and development company with operations in Turkey. It has a proven strategy of identifying and developing mineral resources and advancing them to production through joint ventures.

() said investee Venus Minerals Ltd will create a 50:50 joint venture with a leading mining company in Cyprus to develop the Apliki copper mine.

It also announced that Venus is seeking to list in London before the end of 2021.

Venus, which will be the operator of Apliki, has completed a Heads of Terms agreement with the unnamed company and a definitive agreement is expected to be concluded by mid-November.

“This joint venture agreement with a leading Cypriot mining company for the development of the fully-permitted Apliki copper mine…ensures Venus can fast-track the project to the mining stage within 18 months following its proposed stock exchange listing,” said Ariana Managing Director Dr. Kerim Sener.

Ariana Resources PLC (AIM:AAU) said gold was confirmed in all drill holes in the Kokkinoyia sector of the Magellan project in Cyprus, identifying the deposit as a copper-gold-zinc mineral system.

Three new mineralisation zones were identified, with significant results including: 18.9 metres at 0.86% copper, 1.54 grammes a tonne (g/t) gold and 0.55% zinc, including 3 metres at 4.40% copper, 6.24g/t gold and 0.82% zinc; 15.0 metres at 0.54% copper and 0.16 g/t gold; and 9.0m at 0.72% copper, 0.43g/t gold and 0.29% zinc.

Ariana Resources PLC (AIM:AAU, FRA:4A6) said the first investment of its Asgard Metals Fund will be an interest in Panther Australia, which is soon to list on the ASX.

Asgard will receive 1.25mln shares in Panther Australia (equivalent to A$250,000) under a consultancy agreement that will see Ariana provide exploration advice over a two-year period.

“Figuring out how to turn a GBP5 idea into a company worth about GBP50mln” – this is how Kerim Sener describes the process of transforming Ariana Resources (LON:AAU) from an upstart explorer into a gold producer over the last eighteen years.

There’s been little stopping Ariana after it kicked off production at its first gold mine, Kiziltepe in western Turkey, four years ago.

Ariana Resources PLC (AIM:AAU)’s (LON:AAU) Kerim Sener caught up with Proactive to discuss their interim results for the six months ended 30 June 2021.

He also explains how the first investment of its Asgard Metals Fund will be an interest in Panther Australia, which is soon to list on the ASX. Asgard will receive 1.25mln shares in Panther Australia (equivalent to A$250,000) under a consultancy agreement that will see Ariana provide exploration advice over a two-year period.

Kerim Sener, is a director and shareholder (2.6%) in Panther Metals PLC (LSE:PALM) (LSE:PALM) and a director of Panther Australia, which is currently 77% owned by Panther Metals PLC.