Tavsan Project
Operated by
9.9%
Ariana
resources
Tavsan
Project
The Tavşan Gold Mine is located in western Türkiye and is owned by Zenit Madencilik San. ve Tic. A.Ş., a three-way partnership between Ariana Resources (9.9%), Proccea Construction Co. (23.5%) and Özaltın Holding A.Ş. (66.6%). Mining commenced in early 2024, with heap-leach processing commencing in October 2025. Tavşan completed ramp-up to full production capacity during Q2 2026 and is currently operating at its operating rate of approximately 4,000 tonnes per day.
commodities:
2024 Resource:
311,000 oz Au
EIA received:
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Scoping Study:
processing:
Planned Annual Production:
Resource Estimate
| Classification | Grade | Metal Content | ||||
|---|---|---|---|---|---|---|
| Tonnage (t) | Au (g/t) | Ag (g/t) | Au (oz) | Ag (oz) | ||
| Measured | 3,763,300 | 1.35 | 4.75 | 163,500 | 574,900 | |
| Indicated | 2,418,300 | 1.21 | 4.10 | 94,000 | 319,100 | |
| Inferred | 1,468,500 | 1.13 | 4.46 | 53,400 | 210,400 | |
| TOTAL | 7,650,100 | 1.26 | 4.49 | 311,000 | 1,104,400 |
|
Note: Summary of March 2024 Tavsan Sector Resources classified and reported in accordance with JORC 2012. Reporting is based on a 1.5 g/t Au cut-off grade for high grade domains and a 0.5 g/t Au cut-off grade for all other domains. All figures are quoted gross with respect to Zenit. Figures in the table may not sum precisely due to rounding.
A NSR royalty of up to 2% on future production is payable to Sandstorm Gold.