Business Description

The principal activity of the business is that of acquisition, exploration and development of epithermal and porphyry-related gold resource properties in Turkey.

Corporate Objectives Ariana is focused on delivering exploration success via an intelligent exploration strategy, which integrates geoscientific knowledge and new technologies to identify and advance prospects rapidly. The strategy employed is carefully managed to nurture value by minimising exploration risk. Longer term, Ariana aims to provide optimal shareholder returns by developing profitable gold mining operations in Turkey. Ariana aims to achieve this objective by utilising its in-house expertise to explore and develop advanced projects and to make further acquisitions. Ariana is targeting an aggregate resource of 1Moz of gold in western Turkey. Corporate Policy Ariana considers that its primary responsibilities are to its stakeholders: the shareholders, the communities and the environment in which it operates. More specifically, Ariana: Adheres to sound corporate governance policies. Maintains a high standard of technical best-practice in its exploration and development activities, and adheres to international standards where applicable. Embraces a socially responsible and beneficial approach to health and safety, the environment, and community support in its areas of operation. Recognises the importance of its employees and the need to attract and continue to challenge its exceptionally talented people.