Ariana Resources Share Discussion Threads

[soulsauce] 27/3/2024 10:54

Yes Shortarm that is quite a saving in recoverable gold even at 5g/t.

[shortarm] 27/3/2024 10:40

So if you are trucking 10g/t and Kiziltepe plant recovers 95% then the difference could be 3.5g/t - which is massive!
Soul is correct - we need a lot more information!!

[thanksamillion] 27/3/2024 10:39

No sign yet of an interview, hmmmmm, what are they keeping under the bonnet.

[shortarm] 27/3/2024 10:38

Google says:
Although heap leaching is a low cost-process, it normally has recovery rates of 60-70%. It is normally most profitable with low-grade ores. Higher-grade ores are usually put through more complex milling processes where higher recoveries justify the extra cost.

[soulsauce] 27/3/2024 10:31

'It seems to me they have finally decided to go for a compromise - a bit of both, so they can get the full value benefit from the high grade ore that is mined at Tavsan'

Yep that is how I see it Plasybryn.

[plasybryn] 27/3/2024 10:24

I agree that reintroducing the plan to truck from Tavsan to Kiziltepe (81 miles) needs more meat on the bone to understand what is going on although the production numbers is the issue that concern me the most. Given the weight of feedback they got yesterday from various sources, I would have thought they would have felt the need to address that this morning with release of the overdue "Guidance" numbers. Sorry I being naive!

But going back to "Trucking", they do say this in the RNS :- Zenit will soon benefit from a huge degree of processing optionality and flexibility, enabling high-grade ore to be processed through the Kiziltepe CIL plant, irrespective of source, and low-grade ore processed via heap-leach at Tavsan. This places Zenit in a strategically robust position in western Türkiye, and efforts are ongoing to identify further sources of ore to feed both processing plants in the years ahead."

So, is it the case that the ore being mined at Tavsan is overall a higher grade than anticipated and should therefore be trucked to Kiziltepe plant to maximise the "recovery" rate? Then leaving the low grade ore to go through the Tavsan Heap Leach system. I guess that would make sense. This is an issue they have toyed with for years as Biggles alluded too and they have changed their minds a number of times.

Should they build a high cost, look a like plant at Tavsan; should they truck the ore to Kiziltepe or should all the Tavsan ore be heap leach processed at Tavsan?

It seems to me they have finally decided to go for a compromise - a bit of both, so they can get the full value benefit from the high grade ore that is mined at Tavsan.

Just conjecture on my part of course - yet again it needs to be clarified and importantly, as others have said, what is the ESG impact, what is the AISC impact and what is the impact on production numbers? Anyone there to answer these important questions? Doubt it!!

As Soulsauce said first thing yesterday, the RNS raised more questions than it answered.

[soulsauce] 27/3/2024 10:14

That is where it all get's a bit foggy kaos. I am not 100% sure and judging by posts on here neither is anyone else.

[kaos3] 27/3/2024 10:09

ok - so help me

we mine at tavsan already
we will heap leach at the location

we ship that to Kiz. to be further processed.
so there is processing spare capaxcity. built for kiz and tavsan

am i getting it right

what exactly does the last phase - processing - means ... so i can google it to understand better... what is the last processing phase called

[soulsauce] 27/3/2024 10:05

Yep kaos after the upgrade there maybe spare capacity now things are running down at RR plus it may also make the processing more efficient with higher grade ore mixed in as you will be producing more gold for the same processing time.

I remember when I worked for British Coal, the coal we produced was mixed with coal from other pits as our coal was better quality from the Swallowood seam and then burnt more efficiently at the power station. Ahh those were the days, I do miss being down the mine ;-)

[bigglesbingham] 27/3/2024 09:57

When I visited Kiz in October 2018 tarsvan development was very much geared around trucking to Kiz. However I thought it was not necessarily the ore they were looking at trucking but quasi semi processed ore. The problem Proccea was trying to overcome was the stability of the product being shipped. Hence they chose heap leach. Perhaps they got a solution or if not they feel the increased gold price covers the cost of trucking raw material

[kaos3] 27/3/2024 09:48

btw....

in grain business and in oil business

one has to buy superb quality... to improve avarega own produced quality of the lover grade commodity ... in order to be able to process the lower quality and make use of it

i would not know if same happens in the gold processing plant

if i try to translate from my language - we call them improvers

[kaos3] 27/3/2024 09:43

ok - so i might be completely wrong. you are telling me that kiz plant was not optimally planned and has spare capacity. some parts idling and can be filled by tavsan.

never thought of that possibility.

thnx

[dixi] 27/3/2024 09:43

The rising price of gold is no doubt influencing these decisions too. Maybe at such levels trucking has become very viable.

[soulsauce] 27/3/2024 09:36

Yes kaos it will make a difference to the AISC at Kiz and you will probably lose the equivalent to 0.5g/t in trucking costs.

I am not sure about delays to processing at Tavsan as I think it is a much simpler process after heap leach.
I do get that higher grade ore will probably be better going through the processing plant at Kiz but think the advantages are outweighed.

[kaos3] 27/3/2024 09:36

dixi - they have enough ore around kiz.

if the mine plant at tavsan would be built in time no trucking to the fully loaded plant in kiz makes any sense to me.

to most of you it does.

so i am wrong in a democratic process.

-----------------------
now ore from tavsan shipped over a huge distance will be processed instead a near by deposits.

even here on balkans we would have difficulty to think of this superb activity

[dixi] 27/3/2024 09:34

Following kaos3's emotive thoughts, this is also like a bad marriage (been there), one day it's all great and rosy, next it's all doom and sh*t for seemingly no reason, then a glimmer of hope again, followed by more sh*t. Right now I'm more in the mood for divorcing AAU than dining out!

[dixi] 27/3/2024 09:29

Kaos3 - I hope your assertion that ore will be trucked due to issues/delays with the Tavsan plant proves incorrect. I hadn't considered this possibility, so now there is that to throw into the discussion too. I would have thought if there was an issue with plant at Tavsan they would have no choice but to advise?

[kaos3] 27/3/2024 09:29

soul yes - dont get me started on ESG. and the possible NEED of a higher grade for the technical processing reasons etc.

those thoughts are much too much to post

[soulsauce] 27/3/2024 09:24

Thanks kaos.

I think it would have helped if we had a handle of how much higher grade ore and how many trucks will be needed to travel to Kiz.

As I said yesterday it is doing their ESG credentials no good whatsoever. Gold mining is already one of the least green metals to produce without the fuel to truck.

I am surprised at Kerim as I thought he may be more switched on with being environmentally friendly so I hope they will find ways at both Kiz and Tavsan to offset the increased carbon footprint.

[soulsauce] 27/3/2024 09:12

Hopefully xow we will get the production guidance before end of Q1, which is tomorrow, and there will be some words to rectify the confusion.
Fingers crossed.

[kaos3] 27/3/2024 09:11

a few remarks /on soul and myself and similar/

being paranoid is good. as one sees with a sharp eyes all the dangers. a natural requirement in the nature and wilderness.

being generous, relaxed and trusting is a luxury of the rich and lucky. /or those lacking something - which is not the case on here/

spy organisations - the most effective organisations - always hire the first type. as long as paranoia and hysteria is well ment. a needed requirement. as it is on this bb

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tavsan trucking is beyond my understanding... huge gold corp expected is being trucked a long distance. makes no sense to me. as it is missing .... we will do this for 3 months only... but no....

it means that tavsan processing plant will be hugely delayed and so they placate us with trucking a huge distance ... which is to say ... something is very wrong. tavsan mine discussion solved for ever with trucking. i must remember that spin as a brilliant one - to be used else where

all imho

and regarding income.... IF it happens as predicted ... it will be an income to the AAU organisation. which is not shareholders.

as there are many cases that companies earned a lot of money and shareholders only got a small pie out of it in the overall - before the company disappeared in one way or another.

-------------------------------
placing divi hopes on tavsan after trucking news is gone for some time into the further future.
----------------------------*--*

AAU is the best. a handsome BOD. lowest costs of discovery. great projects around the world. best operatives including dr. KS, Zack, Kosovo Management. building 2 mines from nothing, strategic operations....

etc

[xow98] 27/3/2024 08:54

Be interesting to see what sort of response Biggles gets and who he gets it from

bigglesbingham - 26 Mar 2024 - 19:13:13 - 23033 of 23042

I sent several emails direct to board members then sent the first paragraph from shareprophets confirming they are also confused. Said we need clarification asap.

[shortarm] 27/3/2024 07:37

Time for an update, last one was 2020!!!
2020 RESOURCE:
SALINBAS:
8.4Mt @2.21g/t Au
598,000 oz Au

ARDALA:
66.4Mt @0.44 g/t Au + 0.2%Cu
939,000oz Au + 110,000 t Cu

[zangdook] 27/3/2024 07:09

I think the share price is underpinned by the fact that it can't go negative.