Ariana’s investment strategy allows diversification by executing selective, high-impact exploration programmes on joint venture opportunities and projects invested in through the Asgard Metals Fund. Through these investments Ariana forms robust business partnerships for the development and construction of projects.
Asgard Metals
Asgard Metals Pty. Ltd. is a wholly-owned Australian subsidiary of Ariana. The company was established initially to focus on technology-commodity opportunities globally and was successful in identifying several early-stage lithium exploration projects in Western Australia and the Northern Territory. These projects were vended to two ASX-listed companies in 2015 and 2016 for a combination of cash and shares, which established the financial basis of its future business. The remit of Asgard broadened to encompass “Project Catalytic” investments in selected companies with interests in high-quality exploration project opportunities as an originator and incubator. Such investments are made within listed companies and in private companies which are demonstrating the capacity and desire to list on the ASX or LSE stock exchanges in particular. Asgard is specifically focused on the discovery stage of mineral exploration projects, where the full capabilities of the Ariana inhouse exploration team can be applied.
Current Asgard Investments include:
- Panther Metals
- Rockover
- Annamite Resources
- Pallas Resources
- Altai Resources
Panther Metals
Panther Metals Limited (Panther) has defined a series of significant gold targets, including the recently discovered 40 Mile Camp anomaly, in a substantially under-explored part of the prolific Laverton Greenstone Belt, Western Australia. Several multi-million ounce gold deposits are located in the vicinity and the infrastructure is substantial, with several processing plants currently running under capacity.
Ariana holds 4.9% of Panther Metals Ltd.
Primary interest:
Deposit type:
Lateritic Ni-Co
Exploration Stage:
Annamite Resources
Annamite Resources Holdings Pte. Ltd. is a Singapore-based company with copper and gold licences in Laos, with Annamite’s flagship project, the Sokdee Project (Cu-Au porphyry), located on the exceptionally prospective Phu Kham-Loei Trend. Laos is located towards the eastern end of the continental Tethyan Metallogenic Belt, which constitutes a series of amalgamated metallogenic arcs across the Indochina Peninsula.
Ariana holds 5.9% of Annamite Resources.
Primary interest:
Deposit type:
Skarn
Low sulphidation epithermal Au-Ag
Exploration Stage:
Drilling
Pallas Resources
Pallas Resources Limited (“Pallas”), a UK company with several large copper and gold licences in highly prolific mineral belts of Kazakhstan. With an extensive portfolio focused on gold and copper, encompassing over 800km2, Pallas is well-positioned across several of Kazakhstan’s highly prolific mineral belts. These areas are host to several multi-million ounce gold deposits, some of which are in production and under the ownership of western companies.
Ariana holds 7% of Pallas Resources.
Primary interest:
Deposit type:
Porphyry Cu-Au
Skarn
Exploration Stage:
Altai Resources
Altai Resources is a majority owned subsidiary of Pallas Resources, which has been established to focus on a major nickel sulphide province in eastern Kazakhstan. It is a first mover in the Altai nickel belt of Central Asia exploring supergiant nickel sulfide systems in Kazakhstan. The Altai nickel belt is both large (>1,100km) and severely underexplored province which overlaps the same superplume as Norilsk.
Altai’s first licence (Kokpekty) hosts multiple targets with surface Ni-Cu occurrences in a geological environment analagous to Norilsk: large-scale concentrations of polymetallic sulphides formed by magma interaction with evaporites.
Ariana holds 8.3% of Altai Resources.
Primary interest:
Deposit type:
Polymetallic Sulphides
Exploration Stage:
Geophysical programme
Previous Investments
Kingston Resources Ltd.
Exore Resources
