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Ariana Resources ( (GB:AAU) ) has provided an announcement.
Ariana Resources has announced the issuance of 28,880,000 new ordinary shares as part of a further investment by Newmont Ventures Limited, amounting to US$871k. These shares will be admitted to trading on AIM around 4 February 2025, increasing the company’s total voting shares to 1,863,061,328. This investment reflects a strategic enhancement of Ariana’s financial resources, potentially bolstering its exploration and development projects across its operational regions, thereby reinforcing its industry positioning and offering potential growth opportunities for stakeholders.
More about Ariana Resources
Ariana Resources is an AIM-listed mineral exploration and development company with significant interests in gold and copper-gold projects across Africa and Europe. The company owns and operates the Dokwe Gold Project in Zimbabwe, which is the largest undeveloped gold project in the country, and holds a 23.5% interest in Zenit Madencilik in Türkiye, comprising active gold and silver mines and development projects. Additionally, Ariana has exploration ventures in Cyprus and Kosovo, and maintains investments in various mineral exploration companies through its subsidiary, Asgard Metals Pty. Ltd.
YTD Price Performance: -12.16%
Average Trading Volume: 1,927,507
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £30.72M
For a thorough assessment of AAU stock, go to TipRanks’ Stock Analysis page.
