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APLIKI PROJECT REVISED MINERAL RESOURCE ESTIMATE
APLIKI PROJECT REVISED MINERAL RESOURCE ESTIMATE.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1920U\n Ariana Resources PLC\n 01 December 2021\n \n \n \n \n \n Click on, or paste the following link into your web browser, to view the associated PDF document.\n \n \n \n \n http://www.rns-pdf.londonstockexchange.com/rns/1920U_1-2021-12-1.pdf\n \n \n 1 December 2021\n \n \n AIM: AAU\n \n \n \n \n \n APLIKI PROJECT REVISED MINERAL RESOURCE ESTIMATE\n \n \n Ariana Resources plc (\"Ariana\" or \"the Company\"), the AIM-listed mineral exploration and development company with interests in gold mining operations in Europe, is pleased to announce a Mineral Resource Estimate (\"MRE\") for the Apliki Project for which Venus Minerals Ltd (\"Venus\") has entered into a Heads of Terms for a 50:50 JV agreement with Hellenic Copper Mines Ltd (\"HCM\"). Venus is focused on the exploration and development of copper and gold assets in Cyprus and is 50% owned by Ariana.\n \n \n Highlights:\n \n \n · \n JORC 2012 MRE updated internally by Ariana and Venus using due-diligence and historical drilling data.\n \n \n \n \n \n · \n Total Indicated and Inferred Resource of c. 11 Mt at a grade of 0.25 to 0.69% Cu across the Apliki Project.\n \n \n \n \n \n · \n Inclusive of 800,000t @ 0.34% Cu of Probable Reserves in the Apliki Stockpiles as defined by HCM and verified by Venus. \n \n \n \n \n \n · \n Processing plant currently undergoing due diligence and pre-installation checks.\n \n \n \n \n \n · \n Joint UK and Cypriot partnership designed to unlock the value of such copper mining opportunities in Cyprus.\n \n \n \n \n \n Dr. Kerim Sener, Managing Director, commented:\n \n \n \"This MRE represents an important part of the ongoing due diligence of the Apliki Copper Project in Cyprus by Venus Minerals. \n \n \n \"Following the positive results of the due diligence drilling, which was announced in early November, we have now integrated these new data with the historical drilling to produce a more robust and independently assessed resource. \n \n \n \"Apliki represents a significant European opportunity for the production of high-purity cathode copper using a tried-and-tested hydrometallurgical processing route with a low environmental impact. Beyond the resource areas identified here, there are clearly areas of potential resource upside, particularly...