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The latest update is out from Ariana Resources ( (GB:AAU) ).
Ariana Resources PLC announced a significant investment by Newmont Ventures Limited under their Exploration Alliance Agreement, enhancing exploration initiatives in southeastern Europe. This investment, amounting to US$871k, supports ongoing exploration directed by Western Tethyan Resources Ltd, in which Ariana holds a 76% stake. The strategic alliance, now in its third year, aims to advance exploration programs across priority targets in the region, with Newmont providing additional technical support. This collaboration not only strengthens Ariana’s exploration capabilities but also positions it favorably within the industry by leveraging Newmont’s resources and expertise.
More about Ariana Resources
Ariana Resources PLC is a mineral exploration and development company listed on AIM. The company focuses on gold project interests in Africa and Europe, with significant projects in Zimbabwe, Turkey, and Kosovo. Ariana’s portfolio includes the Dokwe Gold Project in Zimbabwe, a joint venture in Turkey, and copper-gold exploration in Cyprus. The company holds a strategic interest in Western Tethyan Resources Ltd and Venus Minerals PLC, both focusing on copper-gold exploration.
YTD Price Performance: -12.16%
Average Trading Volume: 1,927,507
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £30.72M
Learn more about AAU stock on TipRanks’ Stock Analysis page.
