Business
Ariana Resources plc : Kiziltepe mine: interim ...
Ariana Resources plc : Kiziltepe mine: interim ....
About this update from Ariana Resources Plc
[{"type":"text","content":"\n Ariana Resources plc : Kiziltepe mine: interim TSF completion14 February 2017AIM: AAUKIZILTEPE MINE: INTERIM TSF COMPLETIONAriana Resources plc (\"Ariana\" or \"the Company\"), the exploration and development company operating in Turkey, is pleased to announce the completion of the interim Stage One Tailings Storage Facility (\"TSF\") at the Kiziltepe Mine (\"Kiziltepe\" or \"the Project\"). Kiziltepe is part of the Red Rabbit Joint Venture with Proccea Construction Co. and is 50% owned by Ariana.Highlights:Interim Stage One TSF completed ahead of final statutory inspections and technical approvals. Completion of the TSF was a pre-requisite ahead of an application for a routine Operations Permit, the preparatory procedure for which is now underway. Mine site and processing plant are now fully operational and formal production is expected to commence in the coming weeks. Dr. Kerim Sener, Managing Director, commented: \"This is an excellent result from the construction teams at the Kiziltepe site. As expected, a suitable weather window opened during the beginning of February, enabling the installation of the remaining geomembrane for the interim Stage One TSF. With the TSF now ready for initial start-up, construction of the mine is effectively 100% complete for production to commence. Production will formally commence once we have received our Operations Permit, for which an application to the authorities is in the process of being prepared, and while we await technical approvals for the TSF installation.The Kiziltepe Mine is being prepared for formal production to commence in the coming weeks and the Company will provide further updates on its progress.\"This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.Contacts:Ariana Resources plc Tel: +44 (0) 20 7407 3616 Michael de Villiers, Chairman Kerim Sener, Managing Director Beaumont Cornish Limited Tel: +44 (0) 20 7628 3396 Roland Cornish / Felicity Geidt Beaufort Securities Limited Tel: +44 (0) 20 7382 8300 Jon Belliss Panmure Gordon (UK) Limited Tel: +44 (0) 20 7886 2500 Adam James / Tom Salvesen Editors' NoteAbout Ariana Res...