Ariana Resources (AAU)

Sector:

Mining

Index:

FTSE AIM All-Share

 3.25p
   
  • Change Today:
      0.000p
  • 52 Week High: 4.75p
  • 52 Week Low: 2.60p
  • Currency: UK Pounds
  • Shares Issued: 1,146.36m
  • Volume: 134,509
  • Market Cap: £37.26m
  • RiskGrade: 232

Ariana reports progress across its operations

By Josh White

Date: Thursday 23 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Europe-focussed gold explorer and developer Ariana Resources updated the market on its operations on Thursday, reporting that the Tavsan project development was being transitioned into the construction stage.
The AIM-traded firm said a revised mineral resource estimate and feasibility study for the project was currently underway.

Simultaneous diamond drilling programmes, meanwhile, were underway at Kiziltepe, for up to 14,000 metres, and at Salinbas, for an extended programme that would involve "several" drilling rigs.

Elsewhere, Western Tethyan Resources was undertaking fieldwork across its licences in Kosovo, and evaluating several other projects in south-eastern Europe in conjunction with Newmont.

Venus' exploration and development work in Cyprus was also ongoing, and preparations for its initial public offering were continuing.

Investee companies of the Asgard Metals Fund were also undertaking various geochemical and geophysical exploration programmes and drilling, with the aim of identifying new mineral resources.

Finally, the company said its new office facilities had opened in Ankara, from which its core geoscientific team would operate globally.

"Significant progress is being made across the company's projects and interests in south-eastern Europe and further afield," said managing director Dr Kerim Sener.

"Most notably, we are advancing into the construction stage of the Tavsan Project and associated development activities are being ramped up.

"Tavsan will become the second mine developed by Ariana through its interests in Zenit Madencilik in Turkey."

At 1149 BST, shares in Ariana Resources were down 0.56% at 3.58p.

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

AAU Market Data

Currency UK Pounds
Share Price 3.25p
Change Today 0.000p
% Change 0.00 %
52 Week High 4.75p
52 Week Low 2.60p
Volume 134,509
Shares Issued 1,146.36m
Market Cap £37.26m
RiskGrade 232

AAU Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
97.89% above the market average97.89% above the market average97.89% above the market average97.89% above the market average97.89% above the market average
96.95% above the sector average96.95% above the sector average96.95% above the sector average96.95% above the sector average96.95% above the sector average
Price Trend
12.35% below the market average12.35% below the market average12.35% below the market average12.35% below the market average12.35% below the market average
12.50% above the sector average12.50% above the sector average12.50% above the sector average12.50% above the sector average12.50% above the sector average
Income
65.05% above the market average65.05% above the market average65.05% above the market average65.05% above the market average65.05% above the market average
48.15% above the sector average48.15% above the sector average48.15% above the sector average48.15% above the sector average48.15% above the sector average
Growth
14.44% below the market average14.44% below the market average14.44% below the market average14.44% below the market average14.44% below the market average
52.24% below the sector average52.24% below the sector average52.24% below the sector average52.24% below the sector average52.24% below the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

AAU Dividends

  Latest Previous
  Special Special
Ex-Div 18-Aug-22 03-Mar-22
Paid 03-Oct-22 25-Mar-22
Amount 0.17p 0.17p

Trades for 27-Jan-2023

Time Volume / Share Price
16:35 181 @ 3.30p
16:35 90 @ 3.30p
15:07 10,000 @ 3.23p
14:55 60,243 @ 3.30p
14:22 60 @ 3.30p

AAU Key Personnel

Chair Michael de Villiers

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