Ariana Resources Share Discussion Threads

[bigglesbingham] 30/7/2020 09:07

Buyers do tend to come in in afternoon.

[drh3] 30/7/2020 08:59

Fantastic news.

[shortarm] 30/7/2020 08:57

It will probably be higher this afternoon!

[bigglesbingham] 30/7/2020 08:57

A still steady as she goes, can't believe people are cashing in with so much news ahead, be it long termers short termers or traders. Surely price is going to be significantly higher over a very short period?

[plasybryn] 30/7/2020 08:44

Congratulations to Zack. It looks like he has been doing a great job whilst his boss is stuck in Australia. I get a feeling that he's going to make a name for himself.
I hope Cornishknocker doesn't mind but I liked his post on LSE this morning.
"That is stunning, that's an in ground value of about $4 billion. If we take a capex of $500 million and a open cost of $1100 per oz thats a $1.7 billion profit - this is why we needed the bigger partner,as that is the only way we are going to develop this mine."

[bigglesbingham] 30/7/2020 08:38

When I had dinner with zac in cafe with other workers he couldn't control his enthusiasm regarding salinbas and we are beginning to see why.

[lottsgold] 30/7/2020 08:35

Kiziltepe or JV and divi news next slow and steady up to the 100mil valuation is fine by me. Congrats to everyone it's been a long road but it's our time.

[bigglesbingham] 30/7/2020 08:35

Nice call Charles

[theduke420] 30/7/2020 08:23

Whatever the share price now the company is only moving the one direction. Full steam ahead

[lottsgold] 30/7/2020 08:23

Our license areas are huge, surely we will hit higher grade as well and plan to process a blend? Once a major drill campaign is carried out we will have more understanding but it's fair to say I expect the resource to be huge. Master stroke again by Kerim, I feel so safe here it's like he's planned every step 10 years ago ....

[risa5] 30/7/2020 08:22

Ariana Resources upgrades Salinbas deposit by 50% and eyes major copper-gold province

“We are well-positioned right at the heart of a major copper-gold province, which already shows potential for >10Moz" said Kerim Sener, Ariana’s managing director

Ariana Resources PLC (LON:AAU), the Turkey-focused gold group, has announced a 50% increase in the size of the resource at its Salinbas project.

The total amount of gold at the 100%-owned project is now estimated at 1.5mln ounces (Moz) , up from 1mln previously, and split between two licences – Salinbas and Ardala.

In addition, there has been a significant upgrade in the classification of the resource at Salinbas, said Ariana, with 35% now in the measured (11%) and indicated (24%) categories.

Kerim Sener, Ariana’s managing director, said the new resource confirms the project has multi-million ounce, multi-commodity potential: “The prospectivity of this region is attested by the presence of several other major copper-gold systems in the immediate vicinity, such as the >4Moz Hot Maden deposit, located just to the south of our project licences, and the scale of the alteration systems encountered within our property in the vicinity of the porphyry centres at Ardala and Hizarliyayla."

“We are well-positioned right at the heart of a major copper-gold province, which already shows potential for >10Moz across the circa 100km long and 10km wide Artvin-Yusufeli Gold Trend,” Sener added in a statement.

Salinbas is now estimated to contain 8.4 million tonnes (Mt) at 2.21 grams per ton (g/t) gold and 16.9 g/t silver for 0.6Moz gold and 4.6Moz silver.

The Ardala Porphyry now comprises 66.4Mt at 0.44g/t gold for 0.9Moz, plus 3.3Moz silver, 110,000t copper and 4,200t molybdenum.

Ariana noted that the upgrade followed recent drilling that had led to a significant improvement in geological understanding and helped the definition of spatial continuity between drill holes.
PI

[talkman2] 30/7/2020 08:21

I would have thought today’s news would lead more to just a mere increase of £10 million to the market cap

[soulsauce] 30/7/2020 08:17

That's right Kirbs while we go after the lower hanging fruit in Cyprus ;-)

[kirbs4] 30/7/2020 08:16

Cost per ounce depends on the way they account the numbers i guess, one of the reasons i believe our current cost per ounce is so low is they use silver as a credit against it. Looks like they are finding plenty of alternative metals at Salinbas so maybe they will do a similar thing.

[kirbs4] 30/7/2020 08:12

So basically, the mineralisation is there, but not at significant g/t (yet). This partner makes more and more sense every day, having a goliath to plough through tonnage and generate what a small fish like AAU would take years longer to realise.

[soulsauce] 30/7/2020 08:10

sonoftherock precisely.

[sonoftherock] 30/7/2020 08:07

Which is why it's a project that needs scale (and a partner who can shift lots of dirt).

[mcmather] 30/7/2020 08:05

Cyber, the make up of Ardala / A South / Salinbas North is slightly complex; note the reference to "110,000t copper and 4,200t molybdenum" and "multi-commodity". The levels of Cu and Mo (poss Pb as well if my recollection is any good) may well become more interesting in / around these prospects going forward.

[ironstorm] 30/7/2020 07:57

Good news indeed.

I tell you what, I wish we had a partner who could monetise this quickly for us . . . . Oh wait!

Having said that it must be getting more attractive by the day. Time to get the deal done.

[kaos3] 30/7/2020 07:56

I have full respect for the quality of info they provided in todays RNS. rare on AIM

[cyberbub] 30/7/2020 07:56

This is a good increase in overall resource, but surely the grades at Ardala will make costs per ounce very high, and probably uneconomic even at current metal prices? Even the grades at the main deposit are nothing to write home about.

[oilbuy] 30/7/2020 07:55

100k buy at 5.40 DMA.

[kaos3] 30/7/2020 07:53

I would like to knw about the future economics - cut off grade is 0,5g/t

as the Co will move from Salinbas high grade to the low AS grade and further - the econocis will suffer as a logical consequence - but still a good "problem" to have

quantification in dollar terms would be wellcome - specially related to the oil price sensitivity

[plasybryn] 30/7/2020 07:50

Under promising- over delivering.Market not expecting this.Time for deep breath and re-evaluation.Kerim in bullish mode. His words sound unusually excited for him.

[kaos3] 30/7/2020 07:48

"The new approach has resulted in a general decrease in gold, copper and molybdenum grade by an average of 15%, but an overall average increase in metal content by 50%. "

what about silver??

a bonus?
yes
an important plus not accounted for