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Ariana Resources ( (GB:AAU) ) has provided an update.
Ariana Resources has announced an updated economic model and Strategic Options Study for its Dokwe Gold Project in Zimbabwe, revealing a significant enhancement in its financial metrics. The updated model shows a Net Present Value of $354 million and an Internal Rate of Return of 75% at a gold price of $2,750 per ounce, marking a substantial increase from the previous figures at the time of acquisition. The company is targeting annual production of up to 100,000 ounces of gold over a 10-year lifespan, with a payback period of 1.8 years from the start of production. This development underscores the project’s value and potential, positioning Ariana Resources favorably within the gold mining industry.
More about Ariana Resources
Ariana Resources PLC is a mineral exploration and development company listed on AIM, with interests in gold projects across Africa and Europe.
Average Trading Volume: 2,889,430
Technical Sentiment Signal: Sell
Current Market Cap: £19.44M
For a thorough assessment of AAU stock, go to TipRanks’ Stock Analysis page.