Strategy : Ariana Resources aims to be a leading exploration, development and production company operating in Turkey. To date the Company has focused on the discovery of sizeable mineral systems, mainly focusing on the Western Anatolian Volcanic and Extensional (WAVE) Province in western Turkey. This province hosts the largest operating gold mines in Turkey and remains highly prospective for new porphyry and epithermal deposits.
Within this province Ariana has one advanced development project (Red Rabbit Project) and a further two advanced exploration projects (Ivrindi and Demirci). The region surrounding the projects is named the WAVE Project Area.
Ariana envisages that an aggregate resource of 1Moz of gold can be achieved within the Red Rabbit Project Area and our strategy is designed to build on our existing resource base via exploration and future acquisitions.
In parallel to our resource development and exploration strategy in western Turkey, Ariana has joint ventured its exploration portfolio in northeastern Turkey to Eldorado Gold and made a strategic investment in Tigris Resources (Jersey based private company). The Company also continues to evaluate new opportunities for acquisition or joint venture.
Objective : Ariana's objective is to deliver shareholder value through the discovery of new gold deposits and the development of gold mines.
The Company is committed to delivering value through a robust, cost-efficient and focused exploration and development strategy, which integrates geoscientific knowledge and new technologies to identify and advance and develop prospects rapidly.
Ariana is targeting the discovery of a multi-million ounce gold deposit in Turkey and intends to achieve this through a combination of acquisition, strategic partnership and full utilisation of its significant exploration expertise in Turkey.
Ariana Resources plc Bridge House, London Bridge, London, SE1 9QR, UKTel: +44 (0)207 407 3616
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