Ariana Resources Share Discussion Threads

[thanksamillion] 13/5/2020 16:56

Next regular news...Final Year Results in three weeks around 5th June.

[charles clore] 13/5/2020 16:32

Rennicks I completely agree. Most of us long termers have been here for years waiting for the market to wake up. One day it will and then we will see fireworks.

[renniks2016] 13/5/2020 16:25

But there is nothing not to like about this company, great solid news flow, no wild ramping RNSs (some a bit technical) but i like that, they have done everything and often more, than they said they would, I can?t wait till June now, particularly the 2nd week, where will you find us next, I have a hunch and believe a few others on here do too!

[renniks2016] 13/5/2020 16:22

But there is nothing not to like about this company, great solid news flow, no wild ramping RNSs (some a bit technical) but o like that, have virtually everything and often than they said they would, I can't wait till June now, particularly the 2nd week, where will you find us next, I have a hunch and believe a few others on here do too!

[charles clore] 13/5/2020 15:51

Increased volume would reduce the need for a wide spread but this is a most unloved stock, always has been as far as I can remember. Changing that would change everything but I'm blowed if I know the answer.

[kirbs4] 13/5/2020 15:46

Ridiculous spread but i guess the MMs are no different in needing to make money at this time!

[risa5] 13/5/2020 15:26

The wide spread here is uninviting and intimidating it also has a negative affect on the stock and share price

[backmarker] 13/5/2020 14:44

I like everything about this share - except the horrendous dealing spread.

[kaos3] 13/5/2020 14:26

btw - we are in the EU part of Cyprus, not in Turkey again. and that is very important imho

[soulsauce] 13/5/2020 14:21

In my opinion diversifying is important especially with a new era being ushered in with electric vehicles.
What might be bright and shiny today may not be the metal that is bright and shiny in a years time. Good to have both.

[kaos3] 13/5/2020 14:05

it is about profitability not importance per se imho. and I agree. using ALL relevant weightings of the poly metal structure.

specially silver will come to shine at some point - I would just stack it at AAU - I would not be selling it now btw some miners do!

[soulsauce] 13/5/2020 13:53

Gold is more valuable currently kaos but not necessarily more important.
A mixture of the two going forward is the right mix in my opinion, with silver and other small amounts of metals thrown in.
Let's not forget there are significant areas of Salinbas that contain copper too.

[kaos3] 13/5/2020 13:41

" Two advanced copper-gold-zinc Volcanogenic Massive Sulphide ("VMS") deposits at Klirou and Kokkinoyia contain historical resources of 4.3Mt @ 0.5% Cu, 0.8% Zn + unquantified Au (JORC 2004) and 5.2Mt @ 0.7% Cu + unquantified Au (non-JORC)

Cu is ??? but gold which is more important theese days is not given.

but there are some very promising hints there about gold (2.2 g/t) !!!! which can make it all work nicely

very good work by Kerim - in a strange era imho

[kaos3] 13/5/2020 13:34

the biggest factor in my twisted opinion is - how much Cu is there when digging for gold - not the other way around - otherwise khmmm I do not want to start the discussion .... as I do not know it (for a fact - just a feeling)

[bigglesbingham] 13/5/2020 13:25

Not a clue .

[shortarm] 13/5/2020 13:25

Atalaya mining dig it out for less than half a percent so nearing 2% is excellent!!!Obviously there are MANY other factors - please don't ask me about them!!!

[kaos3] 13/5/2020 13:22

biggles - what would be the critical mass/quality of the Cu resource this days - in order to be financed till full mining? any idea?

I was in several proven Cu mining deposits for few years - and got out - because in Cu nothing happened last few years (in my cases). I do not know but there must be a simple cut off in getting money this days.

like gold - above 1- 1,2 g/t, several 10.000 oz min, mine life 5 + years - just a rough approximation - what would that be for Cu ?

not all fair deposits are getting financed - due to the profitability atm

[risa5] 13/5/2020 13:03

Ariana Resources higher as it completes initial earn-in work for Venus Minerals

The company will earn-in up to 50% of Venus, which focuses on copper-gold projects on the island of Cyprus

Ariana Resources PLC (LON:AAU) said it has completed its initial earn-in work for Venus Minerals Ltd, a firm focused on copper-gold projects on the island of Cyprus.

AIM-listed Ariana said it had spent €920,000 in the initial earn-in, giving it a holding in Venus of 9.24%, adding that it is committed to funding a minimum of a further €180,000 before October, at which time it will own a 12% stake.

The company will earn-in up to 50% of Venus once it has committed a total of €3mln, with a further €1.9mln required to be spent between October 2020 and October 2022.

Ariana also said that new licence applications for the New Sha Deposit, part of the Venus portfolio, have been submitted, adding that exploration results to date across the portfolio are “highly encouraging” including the discovery of a new zone of outcropping mineralisation at the Mariner project.

"Our earn-in to Venus Minerals is continuing at pace and the work being conducted in Cyprus is yielding very encouraging results”, Ariana’s managing director Kerim Sener said in a statement.

“In addition to firming up confidence in the advanced Magellan Project…Venus has made important discoveries elsewhere within its portfolio, including the identification of a previously unrecognised but outcropping zone of mineralisation at the Mariner Project.”

"We look forward to seeing Venus commence with its maiden drilling programme in Cyprus on several of these projects once current restrictions on international travel are lifted", he added.

The shares rose 2.7% to 3.4p in mid-morning trading on Wednesday.
PI

[bigglesbingham] 13/5/2020 12:53

Yes I've done my own due diligence as you can imagine with over 3% company. However there was one off the cuff line from MDV regarding KS in a seminar/Q and A years ago which made me take real note and start investing heavily. He said as a throw away line that KS was one of the most intelligent men he'd come across in his 30 years of mining . I never forgot that and it inspired me to research to nth degree and even visit mine which took 17 hours to get too!!

[bostanli] 13/5/2020 12:39

All looks very promising Biggles.

[bigglesbingham] 13/5/2020 12:31

He did two years DD before committing to the new JV by all accounts. This to me is where the excitement of the deal becomes increased. We've got Salinbas which may become a game changer in own right but with kerims ability to find minerals using new technology with $25m to play with well who knows!! I've assumed $5m for one off dividend.

[bostanli] 13/5/2020 12:13

Looked again at the Venus website and it was Harry Adams (Kefi)that founded the company and Kerim is a Non-executive director, my mistake!

[pedr01] 13/5/2020 12:06

That's how I would read it ...

[uknighted] 13/5/2020 12:06

Ariana Resources* (AAU LN) 3.45p, Mkt Cap £35.5m – Completion of initial 9% earn-in to Venus Minerals Ariana Resources reports that, following expenditure of approximately €920,000 it has now earned a 9.24% interest in Venus Minerals which is exploring for copper/gold in Cyprus. Ariana is committed to the expenditure of a further €180,000 before October this year in order to increase its interest to approximately 12%. Thereafter, ʺEarn-in to 50% will complete once a total of €3 million has been committed to Venus by Ariana, with a further €1.9 million required to be spent between October 2020 and October 2022ʺ. The company reports that exploration on the Venus Minerals properties so far has been ʺhighly encouraging, including the discovery of a new zone of outcropping mineralisation at the Mariner Project.ʺ Ariana also confirms that ʺNew licence applications for the New Sha Deposit have now been submitted, which include the following shallow drill intercepts: 9m @ 1.82% Cu and 9m @ 1.81% Cu, with associated gold results up to 8m @ 2.2 g/t Au.ʺ Earlier this week, Ariana Resources reported an updated JORC compliant mineral resource estimate for its wholly owned Kizilcukur gold deposit in western Turkey. The new estimate incorporates the results of a 745m programme of diamond drilling completed during the winter of 2018/19 and leads to an updated estimate of approximately 218,000t classed as measured and indicated at an average grade of 2.7g/t gold and 78g/t silver with a further 37,000t classed as inferred at an average grade of 1.8g/t gold and 57g/t silver leading to an overall contained metal content of approximately 21,000oz of gold and 616,000oz of silver. The company explains that ʺ46% of the M+I tonnage is located within the higher-grade Zeki Main Vein, with a grade of 3.62 g/t Au and 82.54 g/t Ag, upon which trial mining operations have commencedʺ. Ariana Resources ʺis considering options to develop this satellite deposit as a source of ore for the Kiziltepe processing plantʺ. Managing Director, Dr. Kerim Sener, commented that ʺThis is a significant improvement over the previous resource estimate, which integrates the latest drilling data and geological modelling. Most of the resource now sits within the lower risk Measured and Indicated categories, in comparison to the previous estimate which contained only Indicated and Inferred Resources. This is largely the result of the in-fill diamond drilling that was completed on the higher-grade Zeki Vein in early 2019.ʺ Dr. Sener went on to explain that ʺWhile the initial plans for the Project comprise development across up to three shallow open pits, there is further exploration potential which has been defined in deeper drilling on the Zeki Vein and along strike of the other veins. However, further work would need to be completed before this potential is better understood. No further drilling is planned on the Project until full-scale mining operations are able to be establishedʺ. Conclusion: Ariana Resources is earning a position in Venus Minerals’ exploration in Cyprus which is an area previously known for its copper mines. The agreement with Venus Minerals could see Ariana Resources spend €3m to take its holding to 50%. *An share price Angel mining analyst has visited Ariana’s licenses in Turkey BlueRock

Source - Proactive Investors Morning View 13-05-2020

[tim000] 13/5/2020 11:51

Doesn't that say that Kerim was a founding Director, but only as a representative of Ariana, which was a founding shareholder of 50%? In May, a further 2905340 shares were allotted, of which AAU presumably holds circa 268450 (ie 9.24%).