Ariana Resources ( (GB:AAU) ) has issued an update.
Ariana Resources has successfully raised £1.05 million through a Placing and Subscription to fund its ongoing feasibility study at the Dokwe Gold Project in Zimbabwe. This capital will provide the company with sufficient working capital and funds for immediate project exploration and development needs until July 2025. The fundraising is expected to enhance Ariana’s ability to advance the Dokwe project, which is a significant asset in its portfolio, and to secure additional funding for future developments. The company’s directors, including Managing Director Dr. Kerim Sener, participated in the fundraising, indicating strong internal confidence in the project’s potential.
More about Ariana Resources
Ariana Resources is an AIM-listed mineral exploration and development company with a strong track record in creating shareholder value through its 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 projects in Cyprus and Kosovo. Ariana owns 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 San. ve Tic. A.S., a joint venture in Türkiye.
YTD Price Performance: -5.41%
Average Trading Volume: 1,675,564
Technical Sentiment Signal: Buy
Current Market Cap: £32.6M
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