The latest announcement is out from Ariana Resources ( (GB:AAU) ).
Ariana Resources has announced that its subsidiary, Western Tethyan Resources, has acquired a 51% stake in the Slivova Gold Project in Kosovo. This acquisition is part of their long-term development plans, with the project being the most advanced gold project in Kosovo. The project is poised for rapid advancement towards feasibility and financing, supported by positive economic assessments and ongoing exploration efforts. The acquisition signifies a strategic step for Ariana Resources, enhancing its position in the European gold mining sector and potentially increasing its stake to 85% through further exploration and studies.
More about Ariana Resources
Ariana Resources is an AIM-listed mineral exploration and development company focused on creating value through active mining projects and exploration investments. The company has significant interests in gold development projects in Zimbabwe, gold production in Türkiye, and copper-gold exploration and development in Cyprus and Kosovo. Ariana Resources owns the Dokwe Gold Project in Zimbabwe, holds a stake in Zenit Madencilik in Türkiye, and has interests in the Slivova Gold Project in Kosovo.
YTD Price Performance: -31.08%
Average Trading Volume: 2,166,225
Technical Sentiment Signal: Buy
Current Market Cap: £23.75M
For a thorough assessment of AAU stock, go to TipRanks’ Stock Analysis page.