Curated News
By: NewsRamp Editorial Staff
March 28, 2024
Ariana Resources Updates Resource and Reserve, Realizes Long-Term Strategy
Discuss on RedditTLDR
- Investors can benefit from Ariana Resources' substantial increase in gold prices and continued exploration efforts for strategic growth.
- The resource and reserve update for Zenit Mining Operations includes a JORC reserve of 5.3 million tonnes with 1.46 g/t of gold and 9.81 g/t of silver.
- Ariana Resources' long-term strategy aims to optimize ore processing, extend the life and efficiency of operations, and contribute to Western Türkiye's mining sector growth.
- Ariana Resources' partnership with Zenit Madencilik, Proccea Construction, and Ozaltin Holding reflects significant progress in the mining sector since 2009.
Impact - Why it Matters
The latest update from Ariana Resources plc reveals a substantial JORC reserve of gold and silver, indicating a potential for approximately 10 more years of production. This news is important for investors and stakeholders interested in the mining sector, as it demonstrates the company's strategic growth in Western Türkiye.
Summary
Ariana Resources plc (LON:AAU) managing director, Kerim Sener, discusses the latest resource and reserve update for the Zenit Mining Operations in Western Türkiye, revealing a JORC reserve of 5.3 million tonnes of gold and silver. The company is reassessing pit designs and processing options to extend the life and efficiency of the operations, with continued exploration efforts aimed at expanding the resource base.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Ariana Resources Updates Resource and Reserve, Realizes Long-Term Strategy
