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An update from Ariana Resources ( (GB:AAU) ) is now available.
Ariana Resources has commenced trading on the Australian Securities Exchange (ASX) with Chess Depositary Interests over its ordinary shares, raising A$11 million in gross proceeds. This dual listing is expected to enhance the company’s profile, particularly for its Dokwe Gold Project in Zimbabwe, and provide greater liquidity and a broader shareholder base. The move comes amid increasing global demand for gold, driven by economic uncertainty and geopolitical tensions, positioning Ariana to potentially achieve a more attractive valuation and deliver long-term value to stakeholders.
More about Ariana Resources
Ariana Resources plc is a mineral exploration, development, and production company, dual-listed on AIM and ASX. The company has a strong track record of creating shareholder value through its active mining projects and investments in exploration companies. Ariana’s interests include a major gold development project in Zimbabwe, gold-silver production in Türkiye, and copper-gold-silver exploration and development projects in Kosovo and Cyprus.
Average Trading Volume: 3,553,476
Technical Sentiment Signal: Sell
Current Market Cap: £33.05M
For detailed information about AAU stock, go to TipRanks’ Stock Analysis page.