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Ariana Resources plc : Lithium Investment Update
Ariana Resources plc : Lithium Investment Update.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n Ariana Resources plc : Lithium Investment Update26 April 2016AIM: AAUDAKOTA - LYNAS FIND LITHIUM PROJECT UPDATEAriana Resources plc (\"Ariana\" or \"the Company\"), is pleased to provide an update on the exceptional drilling results from its 7.64% strategic investment in Dakota Minerals' Lynas Find Lithium Project, in the Pilgangoora region of Western Australia. The results included 35m @ 2.1%, 35m @ 1.75% and 40m @ 1.52% Li2O, with an overall weighted average grade of 1.75% Li2O. These results confirm the continuation of the Pilgangoora system, now the second largest hard rock lithium deposit in the world, into Dakota's Lynas Find Lithium Project. Full details of the announcement included details of the drilling programme and highlights can be found through the following link:http://dakotaminerals.com.au/index.php/asx-announcements/2016/download?path=1547787.pdfDr. Kerim Sener, Managing Director, commented: \"Our team are highly encouraged by Dakota Minerals' excellent maiden drilling results on the Lynas Find project in the Pilgangoora region of Western Australia. In the interests of Ariana's shareholders, we are leveraging our exploration targeting capabilities and our ability to commercialise new project opportunities outside of the gold sector. The synergy between global gold bearing systems and those of the emerging and highly exciting technology-metals sector are proving to be an excellent fit for the company.The Ariana team is continuing to identify further technology-metals projects, with a special focus on lithium. We expect to commercialise these projects according to the model applied to Dakota Minerals.\" 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 Loeb Aron & Company Ltd. Tel: +44 (0) 20 7628 1128 John Beresford-Peirse Editor's NotesCompetent Person:Dr Kerim Sener, BSc (Hons), MSc, PhD, is the Managing Director of Ariana Resources plc. A graduate of the University of Southampton in Geology, he also holds a Master's degree from the Royal School of Mines (Imperial...