ARIANA RESOURCES

Ariana Resources reports in Q2 an optimized pre-feasibility study for the Dokwe project with an expected open-pit life of 12 years (around 80,000 oz gold/year) followed by heap leach processing. Ore reserves at Dokwe North rose 42% to 1.13 Moz; the NPV10 before tax is USD 1,056m (after tax USD 740m) with capital expenditure of USD 164m. RC drilling expanded the mineralisation, including 22 m at 1.49 g/t from 111 m and 8 m at 1.20 g/t from 65 m. Ariana sold 13.6% to Zenit for USD 19.5m (estimated net proceeds USD 17.2m) and continues to hold 9.9%; Zenit production H1: 9,838 oz gold and 28,194 oz silver. In the quarter £662,000 was invested in exploration, mainly drilling and feasibility studies for Dokwe. » More on de.investing.com

Ariana Resources has appointed Simon Acomb as chief financial officer with immediate effect. Acomb is a chartered accountant and corporate governance specialist with more than 11 years of experience and is currently a director at Consilium Corporate in Perth. The outgoing CFO, William Payne, will remain with the company as a non-executive director; Ariana Resources is active in gold exploration, development and production in Africa and Europe. » More on de.investing.com

Ariana Resources reports the first 13.4 kg gold‑silver doré pour from the Tavşan mine, marking the start of the heap‑leach operation. For 2025 the company reported record revenue of $71.8 million, generated by 19,517 ounces of gold and 70,673 ounces of silver from the Zenit operation. The Tavşan pad has been fed with around 135,000 t of ore; a further 750,000 t are planned for future feed. In Zimbabwe Ariana secured binding immediate financing of A$8 million for the Dokwe project plus up to A$3 million for test work, while ongoing drilling programs have delivered promising intervals; an updated resource estimate for Tavşan is expected in Q2 2026. Cash balance at year‑end: about £5.4 million. » More on de.investing.com

Ariana Resources has signed a term sheet with Hong Kong’s Xinhai Mining Services for funding of up to A$11m to advance the 100%‑owned Dokwe gold project in Zimbabwe. Xinhai will pay a non‑refundable signing fee of A$500,000, provide up to A$8m at A$0.30 per CDI, carry out metallurgical testwork valued at A$1m and fund a definitive feasibility study of up to A$2m, payable in CDIs. Xinhai also receives option rights on up to 18.33m CDIs at A$0.50 until the end of 2027. Completion of the definitive agreements is expected by 31 January 2026, after which Xinhai may nominate a board seat and a subsequent placement of up to A$2m is possible. » More on de.investing.com

Ariana Resources reports the first gold‑silver doré pour at the Tavsan mine, yielding 13.4 kg of doré; the company is exposed via Zenit Madencilik with a 23.5% stake. Around 30,000 tonnes of ore currently lie on the heap‑leach pad, plus about 800,000 tonnes of stockpiled material planned for feed next year. To date 1.3 million tonnes of ore have been mined at an average of 1.38 g/t gold and 5.77 g/t silver; higher‑grade material is processed at the Kiziltepe CIL plant, which has already produced 24,400 oz of gold and 83,770 oz of silver by Q4 2025. Ariana expects rising production in the coming months and a steady production level through Q2 2026; the Tavsan resource under JORC 2012 is 311,000 oz of gold and 1.1 million oz of silver (mine life about eight years). » More on de.investing.com