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Ariana Resources Plc (ASX:AA2)

ALERT: Price-sensitive ASX Announcement for AA2
Current share price for AA2 : $0.275 -0.01 (-3.51%)+
Announcement
Release
31 Jul 2026 8:23AM
Price at Release
$0.285
Full Release
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Summary
Ariana Resources plc, listed on both AIM and ASX, reports its activities for the quarter ended 30 June 2026. The company achieved full operational production capacity at its Tavsan Gold Mine in June, with a total gold output of 9,838 ounces for the year to date. During the quarter, Ariana sold a 13.6% interest in Zenit Mining Operations in Turkey for US$19.5 million, reducing its holding to 9.9%. The Dokwe Gold Project in Zimbabwe is progressing with an updated Pre-feasibility Study outlining a larger operation with 2.5Mtpa throughput and favorable economic metrics. The company invested £662,000 in exploration at the Dokwe Project and maintained a strong cash position, with £17,259,000 in cash equivalents at the end of the period. The report highlights Ariana's ongoing efforts to enhance its exploration and mining operations across its global projects.
Key Points
  • Ariana Resources achieved full operational production at Tavsan Gold Mine.
  • Total gold production for the year to date is 9,838 ounces.
  • Sold 13.6% interest in Zenit for US$19.5 million.
  • Maintains a 9.9% stake in Zenit in Turkey.
  • Progressed Dokwe Gold Project with updated Pre-feasibility Study.
  • Invested £662,000 in exploration at Dokwe Project.
  • Cash equivalents at the end of the period were £17,259,000.
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.