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Ariana Resources

16:51 on 24/11/2017

Current Price 1.32p | Bid 1.25p | Ask 1.35p | Change 1.96%

Company Overview

Ariana Resources is an exploration and development company focused on epithermal gold-silver and porphyry copper-gold deposits in Turkey. The Company is developing a portfolio of prospective licences selected on the basis of its in-house geological and remote-sensing database, on its own in western Turkey and in Joint Venture with Eldorado Gold Corporation in north-eastern Turkey. Eldorado owns 51% of this joint venture and is fully funding all exploration work on the JV properties, while Ariana owns 49% and is the operator. The Company's flagship assets are its Sindirgi and Tavsan gold projects which form the Red Rabbit Gold Project. Both contain a series of prospects, within two prolific mineralised districts in the Western Anatolian Volcanic and Extensional (WAVE) Province in western Turkey. This Province hosts the largest operating gold mines in Turkey and remains highly prospective for new porphyry and epithermal deposits. These core projects, which are separated by a distance of 75km, are presently being assessed as to their economic merits and now form part of a Joint Venture with Proccea Construction Co. The total resource inventory of the Company stands at 448,000 ounces of gold equivalent. Ariana also has a strategic investment in Tigris Resources Limited (, a private Jersey-based exploration company, which is focused on the exploration of copper and gold deposits in southeastern Turkey. Ariana retains 12.3% of Tigris Resources Limited.

Stock Details

Shares in Issue 802,060,195
Market cap £ 12.83m
Sector Mining
Indices FTSE AIM All-Share Index

Financial Highlights Year Ended 31/12/2015

Turnover £0.00 million
Operating Profit £-1.31 million
Dividend Yield 0.00
Dividend Per Share 0.00
Dividend Cover 0.00
P/E Ratio -8.00
» More Financials

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Price Summary

Mid Price ? 1.30p
Bid Price ? 1.25p
Ask Price ? 1.35p
Volume ? 2796891
Change Today 0.03p
% Change Today 1.96%
Open 1.30p
Previous Close 1.30p
Intraday High 1.32p
Intraday Low 1.28p
52 Week High 2.08p
52 Week Low 0.70p

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Broker Consensus

The above information represents a selection of the views and target prices published in the last 120 days by analysts in individual stocks. It is subject to change without notice and may not necessarily be the view held by Redmayne-Bentley.

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