Ariana Resources Share Discussion Threads

[shortarm] 26/3/2024 09:31

This is from the JUST release WH Ireland note:
The Kiziltepe plant capacity is 400kt/yr to produce ~25koz gold equivalent.

[soulsauce] 26/3/2024 09:30

I think production will be higher once the heap leach for Tavsan is taken in to account Lotts but as ever each AAU Rns leaves more questions.

[jaynesdad] 26/3/2024 09:29

I don't want to make much comment because, as someone has already said, there are as many questions as answers. However I think it is pretty safe to say only the highest grades will be trucked from Tavsan to the Kiziltepe plant Not only does it utilise the capacity there but, as I understand it, the recovery rate will be greater than the leach. Plus minimizing the leaching process has got to win brownie points on ecological grounds so whether trucking increases costs is maybe more complex?

[lottsgold] 26/3/2024 09:22

Quite disappointed with the figures stated here...lower production higher costs with the trucking?

[dixi] 26/3/2024 09:10

From Jan 2023:"Kiziltepe produced a record total of 28,421 ounces of gold during the year, exceeding its full-year production guidance by c.14%, following record mill throughput of well over 400,000 tpa."I would like to think 2 x mines in production can eclipse that figure, or what's the point?

[soulsauce] 26/3/2024 09:09

The main question is why have they reverted to the plan of trucking ore to Kiz' and I assume the answer will probably be because of the increase in grade and recognised gold price, however that does nothing for their ESG credentials and will almost certainly raise the AISC for gold produced.
How many trucks per day, week, month?

I am assuming the 25k oz p/a is from Kiz' alone and any gold produced through heap leach at Tavsan will be on top? Be nice to get that clarified in the guidance.

What it does show is what a bad deal we voted for given the uplift in resource and length of mine, which will probably be well over 10yrs eventually. Apart from the piecemeal divi we don't seem to have seen an awful lot for what we gave away :-/

[bigglesbingham] 26/3/2024 09:06

Sorry yea I was reading resource as reserve. Bottom line is you'd expect the 483 resource to expand with extra drilling and the bulk of that resource to become reserves. That's a very conservative rns but sticks to the facts , just shows a huge amount to come with current 483 resource. We will be seeing 40 k oz outputting in next couple years I've no doubt.

[plasybryn] 26/3/2024 09:03

25,000 ounces per annum? "Accordingly, we expect up to ten years of further production across the combined operations, continuing to produce at a nominal rate of 25,000 ounces per annum. Further work is underway to optimise the mining and processing rate and in the design of pits and mining schedules. These remain a work in progress as we await additional assay results from Tavsan following the completion of the recent drilling programme"

[thanksamillion] 26/3/2024 09:02

So Mr Market says we worth 3x earnings?

[dixi] 26/3/2024 08:53

"Our interim Reserves stand at 249,000oz of gold and 1.67 million ounces of silver - representing a >50% conversion of Reserves from Resources, an excellent outcome. Accordingly, we expect up to ten years of further production across the combined operations, continuing to produce at a nominal rate of 25,000 ounces per annum."

[bigglesbingham] 26/3/2024 08:46

I've sent email to the board asking for a little clarification because the figures of 483 oz reserves and ten year minelife at 25 oz seem a little conservative even for Kerim.

[thanksamillion] 26/3/2024 08:34

V rough calc seems to indicate $7.2+m p.a. profit for Ariana, by all means correct me, I need to know the truth here.

[xow98] 26/3/2024 08:28

So what is the production guidance for 2024 and when does Tavsan kick in?

[backmarker] 26/3/2024 08:03

The main question is: is this worth a mini-whoosh ?

[xow98] 26/3/2024 08:03

Ariana Resources plc
@ArianaResources

>50% conversion of Reserves from Resources : Ariana Resources 2024 resource and reserve update.

[kaos3] 26/3/2024 07:22

wow - learned a new lesson - trucking distance of 100 km of ore is economic

cant find tavsan trucking distance on the first sight

[soulsauce] 26/3/2024 07:21

Good news but raises more questions than it answers?

[jaf1948] 26/3/2024 07:18

On what date in 2024 will Ariana's bid price at close of business finish above 3.0p for the first time.

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[charles clore] 25/3/2024 18:08

Good Friday would be a wasted opportunity for buying momentum. So my guess would be either tomorrow or sometime next week.

[thanksamillion] 25/3/2024 18:07

Just testing to see whos awake.

;-)

[paul280i] 25/3/2024 16:40

I would put money on not getting any news om Friday!

[thanksamillion] 25/3/2024 15:13

Especially when you omit the year.

[plasybryn] 25/3/2024 15:11

I'm going for Guidance on 1st Dec. Probably can't get it wrong then.

[soulsauce] 25/3/2024 12:33

I am still hoping for the production guidance. Talk about playing it safe 🙄