15.6 C
Supported byspot_img

Ariana Resources progress its Turkey gold mine construction

Member of Europium Groupspot_img
Supported byspot_img

Ariana’s Kiziltepe gold mine progress with construction financing facility.

Ariana Resources PLC’s partner in the Red Rabbit gold project, Proccea, now owns 42% of the joint venture having spent a further US$2.4mln over the past 12 months.

Proccea has also committed to another US$2.1mln to take its final stake to 50%.

Supported by

The Turkish firm is building the gold mine at Kiziltepe for the venture and will soon be starting to draw on the US$33mln construction finance facility in place.

Supported byElevatePR Digital

Related News

EU-Canada alliance in Critical Raw Materials, innovation, and sustainability at PDAC 2024

The EU delegation will be led by the top EU official Mrs Kerstin Jorna, the European Commission's Director General for Internal Market, Industry, Entrepreneurship and...

Tara Resources disputes a governmental ruling in Montenegro, putting forth arguments supported by evidence

The arguments proposed by the working group for terminating the concession agreement that the state has with the company Brskovo Mine are factually inaccurate, do not...

Teako Minerals announces strategic pivot with Norway as key focus

TEAKO MINERALS CORP. (the "Company" or "Teako") announces that following a recent Norwegian parliament meeting and the various developments in mineral exploration in Fennoscandia...

Raiden Resources advances exploration projects in Pilbara, Australia, and Bulgaria

Raiden Resources Limited has made significant strides in its exploration projects, both in Pilbara, Australia, and Bulgaria, heralding a potentially fruitful future in mineral...
Supported by
Supported by
Supported by
error: Content is protected !!