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Ariana Resources Plc (ASX:AA2)

ALERT: Price-sensitive ASX Announcement for AA2
Current share price for AA2 : $0.300 -0.055 (-15.49%)+
Announcement
Release
18 May 2026 9:12AM
Price at Release
$0.355
Full Release
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Summary
Ariana Resources Plc has agreed to sell 13.6% of its 23.5% interest in Zenit Madencilik San. ve Tic. A.Ş. (Zenit) to Özaltın Holding A.Ş. for US$19.5 million in cash. The transaction is part of Ariana's strategy to monetize its investments and allocate capital effectively towards the development of the Dokwe Gold Project in Zimbabwe. The sale is expected to provide substantial non-dilutive funding for the Dokwe project. Ariana retains a 9.9% interest in Zenit and will remain entitled to future dividends and board representation. The proceeds from the sale have been received, and the transaction completed on 15 May 2026.
Key Points
  • Ariana sells 13.6% interest in Zenit for US$19.5 million.
  • Transaction provides non-dilutive funding for Dokwe Gold Project.
  • Ariana retains 9.9% interest and board representation in Zenit.
  • Sale completed on 15 May 2026.
  • Zenit is planning a local public listing in Türkiye.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.