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An announcement from Ariana Resources ( (GB:AAU) ) is now available.
Ariana Resources has announced the cold-commissioning of the processing plant at the Tavsan Mine in Türkiye, marking a significant step in its development. The project, operated by Zenit Madencilik in partnership with Proccea Construction and Ozaltin Holding, is expected to be fully operational by July. The commencement of operations is supported by the recent connection to grid power and the approval of a solar power project, which will reduce operational costs and enhance environmental sustainability. The Tavsan Mine, Ariana’s first heap-leach operation in Türkiye, will operate alongside the Kiziltepe CIL processing plant, providing operational flexibility and is poised for its first gold pour this summer.
More about Ariana Resources
Ariana Resources PLC is an AIM-listed mineral exploration and development company with a focus on gold and copper-gold projects. The company has interests in active mining projects and exploration companies across Africa and Europe, including a major gold development project in Zimbabwe and gold production in Türkiye. Ariana also has copper-gold exploration projects in Cyprus and Kosovo, and holds investments in various mineral exploration companies.
Average Trading Volume: 2,929,449
Technical Sentiment Signal: Sell
Current Market Cap: £19.93M
For an in-depth examination of AAU stock, go to TipRanks’ Stock Analysis page.
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