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Investegate announcements from Ariana Resources PLC, Director/PDMR Shareholding

Advertisement Ariana Resources plc, an AIM-listed exploration and development company operating in Europe, has announced its full-year production results for the year ended 31 December 2020 for the Kiziltepe Mine in Turkey. Kiziltepe is currently 50% owned by Ariana through its shareholding in Zenit Madencilik San. ve Tic. A.S., which will reduce to 23.5% once the new joint venture with Ozaltin Holding A.S. and Proccea Construction Co. completes (details as announced on 7 December 2020 and ratified by shareholders on 30 December 2020). Production update Kiziltepe produced a total of 18 645 oz...

  Ariana is an AIM-listed mineral exploration and development company operating in Europe.  It has interests in gold production in Turkey and copper-gold assets in Cyprus.  The Company is developing a portfolio of prospective licences in Turkey, which contain a depleted total of c. 2.1 million ounces of gold and other metals (as at July 2020).    The Red Rabbit Project is comprised of the Company's flagship assets, the Kiziltepe and Tavsan gold projects, and is part of a 50:50 Joint Venture with Proccea Construction Co.  Both assets are located in western Turkey, which hosts some of th...