Ariana Resources plc (LON:AAU), a prominent player in Western Türkiye’s mining sector, has unveiled an updated resource and reserve for its Zenit Mining Operations, encompassing the Kiziltepe and Tavsan sectors. The update reflects significant strides in the company’s long-term strategy, positioning it for extended production and strategic growth in the region.
The latest JORC reserve stands at 5.3 million tonnes at 1.46 grams per tonne (g/t) of gold and 9.81 g/t of silver, totaling 249,000 ounces of gold and 1.67 million ounces of silver. According to Kerim Sener, Ariana Resources’ managing director, this reserve indicates ‘a potential for approximately 10 more years of production.’
Since 2017, the Kiziltepe Sector has produced an impressive 151,000 ounces of gold and 1.68 million ounces of silver. The global JORC resource now stands at 10.9 million tonnes, containing 483,000 ounces of gold and 4.45 million ounces of silver, with identified avenues for further resource growth.
Dr. Sener shared insights on the company’s long-term strategy of combining the Kiziltepe and Tavsan sectors for optimized ore processing, a vision conceptualized in 2009. With a substantial increase in gold prices, Ariana Resources is reassessing pit designs and processing options to extend the life and efficiency of its operations.
Investors can anticipate continued exploration efforts aimed at expanding the resource base, as Ariana Resources positions itself for strategic growth in Western Türkiye’s mining sector.
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