Ariana Resources PLC (AIM:AAU, ASX:AA2, FRA:4A6) managing director Kerim Sener tells Proactive's Stephen Gunnion that the $19.5 million raised from partially selling its Zenit stake leaves the company well funded and debt-free as it accelerates feasibility work at its flagship Dokwe gold project in Zimbabwe.
Recent RC drilling at Dokwe North has confirmed the real scale of the opportunity. "We do have mineralisation continuing in that direction," Sener says. "This bodes really well because it represents material that is most easily accessed" — with gold now extending at least 150 metres beyond the current resource envelope and still open along strike.
More than 2,000 metres of diamond drilling in partnership with Xinhai Mining is now underway to support metallurgical testing, with material heading to Yantai in China for analysis. Dokwe is also attracting interest from financing groups and power providers as the company evaluates a solar hybrid battery solution for the future operation.
Ariana retains a 9.9% stake in Zenit ahead of a planned Istanbul Stock Exchange listing — a further potential value catalyst for shareholders.
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