25.3 C
Supported byspot_img

Ariana Resources announced their interim results for 2023

Member of Europium Groupspot_img
Supported byspot_img

Ariana Resources announced their interim results for the six months ended 30 June 2023.

Key Company Highlights Reported:

Share of profits from the Kiziltepe Mine was £0.7m

Supported by

Kiziltepe Mine production for H1 2023 achieved 9,646 ounces of gold, with annual guidance of c.18,000 ounces of gold expected to be met by year-end.

Drilling continues at the Salinbas project with two drill rigs, with several highly significant results announced within the period, including the first discovery holes drilled at the Hizarliyayla prospect.

New geophysical survey results from Kiziltepe and Kepez highlighted several new drilling targets in the proximity of known veins systems, which are the subject of further investigation through drilling.

Venus Minerals has advanced well during Q3 2023 and the planned IPO is currently scheduled for Q4 2023.

Positive results were announced from an airborne magnetic survey and the commencement of drilling at Kizilcukur, with the utilisation of the Geotek BoxScan technology in building the revised 3D model.

“Looking back over the past six months, we have conducted significant operational activity, as highlighted above, which underscores the huge amount of work being undertaken across our projects. We have remained committed to our strategy to pursue targeted exploration and development programmes across our portfolio, systematically de-risking our pipeline of robust assets, and propelling them up the value curve. Some of our assets will continue to be held in significant partnerships, while others are intended in the long-term to be developed largely independently of Ariana, such as Venus Minerals and Western Tethyan Resources.”

Supported byElevatePR Digital

Related News

Euro Manganese advances with successful commissioning of high-purity manganese facility

Euro Manganese Inc. has successfully completed the commissioning of its high-purity manganese Demonstration Plant at the Chvaletice Manganese Project in the Czech Republic. This...

Rio Tinto Assures on 2500 Pages – There is a Solution for Every Danger

Rio Tinto executed a move announced six months ago – they published drafts of environmental impact studies on how harmful the lithium mine in...

Critical Materials Act: Europe’s strategy for securing green technology supply chains

In May 2024, the EU Critical Raw Materials Act (CRMA) came into force, setting ambitious benchmarks for the domestic production and diversification of strategic...

Critical materials and the path to resilience: Europe’s quest for technological independence

The sustainability and resilience of modern economies hinge critically on the availability and management of key raw materials, such as lithium, cobalt and nickel....
Supported by
Supported by
Supported by
error: Content is protected !!