Ariana Resources (AAU) has issued a “Dokwe Project Feasibility Programme Update” following recent half-year results. What do these suggest for the valuation from a current 1.475p share price?
I have this morning had a lengthy exchange of emails with Kerim Sener of Ariana Resources (AAU). I understand that some of you are selling your shares. I am not. Let me explain in detail. The responses are not wholly satisfactory but go a long way. And I explaun why the shares should be worth 5-7p or more.
AIM- and ASX-listed Gold outfit Ariana Resources (AAU) released its
quarterly report this morning – along with news of a further sale from Turkey.
So where is it now, particularly with reference to its potential company-making
Dokwe project in Zimbabwe? I fear the news is not so good.
Ariana Resources (AAU) has issued “Revised PFS for Optimised Dokwe Gold Project” and “Strategic Investment - Tranche 2 CDI” announcements and the shares have currently responded 8% higher to 2p, but the following is why there looks much further upside ahead.
Ariana Resources (AAU) states that it “is pleased to advise that it has agreed to sell 13.6% out of its 23.5% interest in Zenit to existing Zenit shareholder Özaltin”. With the Zenit venture including all of Ariana’s current gold production, how “pleased” should it really be with this deal netting it “an estimated c.US$17.2 million after local taxes”?
I discuss today's news from Ariana Resources (AAU) and an "incident" from Saturday evening and the Eurovision party of the Mrs.
Ariana Resources (AAU) has issued an update on its Dokwe gold project in Zimbabwe, stating that it “is pleased to announce further positive assay results from its 2025-2026 Reverse Circulation drilling programme”. More geology vicar as opposed to progress towards generating cash?
Ariana Resources (AAU) has issued a “Quarterly Activities Report” emphasising the drilling programme at its Dokwe gold project in Zimbabwe has “continued to provide compelling results, particularly along the strike extension of Dokwe North towards the north-east” and in Turkey that at Tavşan “ramp-up of the heap-leach operation has been progressing very well, and the mine recorded gold and silver production results in line with expectations”. The following is why we look for upside from a current 1.85p share price.
Ariana Resources (AAU) has announced its results for the 2025 calendar year and that “following the commencement of heap-leach processing at Tavşan, production… is expected to provide important financial support for the advancement of the company’s broader portfolio”. What’s the outlook from a current 1.85p share price, £49 million market cap?
Ariana Resources (AAU) has issued an announcement titled “High-Grade Intercepts Identified at Dokwe North” and including that also the “results confirm that the Dokwe North mineralised system continues beyond the limits of the current resource model towards the north-east”. The shares are more than 5% up to 2p in response, but the following is why there looks much more upside from here.
On Friday Steve and I posted a piece on why Ariana (AAU) shares could double from 1.825p this year. The shares are now 1.95p but I stand by that article which is below. I swapped emails this weekend with Kerim Sener about a hidden gem
Shares in Ariana Resources (AAU) have rallied to 1.85p in the recent gold surge. That may be scant consolation for we long suffering long term investors but at least there are signs of life. The key is, I suspect, the surging gold price. So just a bit of Sener-maths for you.
Ariana Resources (AAU) has announced “Drilling Results from Main & South Zones at Tavşan” including emphasising “another great set of results from the Main Zone at Tavşan extending into the South Zone” and that it is “currently optimising our pits at US$3,500 per ounce, compared with previously optimised runs undertaken at significantly lower prices. This already bodes well for the longevity of the Tavşan operation”.
Ariana Resources (AAU) has issued a “Dokwe Drilling Update” announcement including emphasising “strong silicification, pyritization and shearing identified in drilling to date - strong geological indicators of potential at Dokwe Central as testing continues along a faulted and offset extension of the deposit”. How material is the drilling news from a current 1.5p share price, just over £35 million market cap?
Ariana Resources (AAU) has issued a “Kizilcukur Drilling Identifies Potential Extension”-titled announcement, which is potentially significant as Kizilcukur is being advanced towards providing satellite ore feed to the nearby producing Kiziltepe mine.
Ariana Resources (AAU) has announced “high-grade gold in expansion & infill drilling at Tavsan Mine… expected to facilitate an expansion of the Resource and ultimately the Reserve in this area, as we continue to work towards further increases to the expected total 8-year life of mine”. How does this, from the company’s 23.5% owned venture in Turkey, compare to the valuation at an up to 1.475p share price?
I am berated by a reader for my support for Ariana (AAU) in the face of hard data from “a well known, long standing, credible blogger on ADVFN”. I am not sure that some chap sitting in his underpants in a basement somewhere while posting anonymous comments on a Bulletin board counts as a blogger let alone as credible.
