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Ariana Resources plc : Statement Regarding Join...
Ariana Resources plc : Statement Regarding Join....
About this update from Ariana Resources Plc
[{"type":"text","content":"\n Ariana Resources plc : Statement Regarding Joint Broker2 March 2018AIM: AAUStatement Regarding Joint BrokerAriana Resources plc (\"Ariana\" or \"the Company\"), the exploration and development company operating in Turkey, notes the announcement earlier today regarding Beaufort Securities Limited (\"Beaufort\") being placed into insolvency and accordingly, Beaufort has ceased to be the Company's joint broker with immediate effect. Accordingly, Panmure Gordon (UK) Limited will now be the Company's sole broker.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 Panmure Gordon (UK) Limited Tel: +44 (0) 20 7886 2500 Adam James / Tom Salvesen Editors' NoteAbout Ariana Resources:Ariana is an exploration and development company focused on epithermal gold-silver and porphyry copper-gold deposits in Turkey. The Company is developing a portfolio of prospective licences originally selected on the basis of its in-house geological and remote-sensing database. The Company's flagship assets are its Kiziltepe and Tavsan gold projects which form the Red Rabbit Gold Project. Both contain a series of prospects, within two prolific mineralised districts in the Western Anatolian Volcanic and Extensional (WAVE) Province in western Turkey. This Province hosts the largest operating gold mines in Turkey and remains highly prospective for new porphyry and epithermal deposits. These core projects, which are separated by a distance of 75km, form part of a 50:50 Joint Venture with Proccea Construction Co. The Kiziltepe Sector of the Red Rabbit Project is fully-permitted and is currently in production. The total resource inventory at the Red Rabbit Project and wider project area stands at c. 605,000 ounces of gold equivalent. At Kiziltepe a Net Smelter Return (\"NSR\") royalty of up to 2.5% on production is payable to Franco-Nevada Corporation. At Tavsan an NSR royalty of up to 2% on future production is payable to Sandstorm Gold.In north-eastern Turkey, Ariana owns 100% of the Salinbas Gold Pro...