Business
Binding Definitive Agreement for Xinhai Investment
Ariana Resources plc has secured a binding strategic investment from Hongkong Xinhai Mining Services Ltd., totaling up to A$11 million, which includes an immediate A$8 million equity investment at A$0.30 per CDI, with a A$500,000 signing fee already paid. Xinhai will also provide technical services valued at A$1 million for metallurgical sampling and testwork, and up to A$2 million for the Definitive Feasibility Study at the Dokwe Gold Project, to be paid in CDIs. Additionally, Xinhai will receive options to acquire CDIs and will nominate a board member upon satisfaction of certain conditions. The funds will be used for general working capital, and the investment is expected to result in Xinhai holding 10.19% of Ariana's issued share capital post-completion of the initial tranche. Disclaimer*
About this update from Ariana Resources Plc
[{"type":"text","content":"\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n22 December 2025\nAIM: AAU\nBinding Definitive Agreement for Strategic Investment\nIssue of Shares and Total Voting Rights\nAriana Resources plc (AIM: AAU, ASX: AA2, \"Ariana\" or the \"Company\"), the mineral exploration, development and production company with gold project interests in Africa and Europe, is pleased to announce that it has entered into a binding definitive agreement with Hongkong Xinhai Mining Services Ltd. (part of Shandong Xinhai Mining Technology & Equipment Inc.) (\"Xinhai\") to provide the Company with A$8 million in immediate funding and to conduct a Metallurgical Sampling and Testwork Programme and to progress the Definitive Feasibility Study at the Dokwe Gold Project (\"Dokwe\" or \"the Project\") in Zimbabwe which is 100% owned by Ariana (\"Xinhai Strategic Investment\").\nHighlights:\n· Xinhai to make an A$8 million equity investment to be completed in Ariana CDIs inclusive of the payment of a A$500,000 Signing-fee, at a price of A$0.30 per CDIs. The Signing-fee was paid on signing of the Term Sheet.\n· Xinhai will also provide technical services in relation to a Metallurgical Sampling and Testwork Programme for A$1 million and complete a Definitive Feasibility Study of Dokwe, under the management of Ariana, for up to A$2 million to be paid in CDIs at the Issue Price.\n· Xinhai to be granted up to 18,333,333 options to acquire CDIs on a 1 option per 2 CDI issued basis with each option having an exercise price of A$0.50 per CDI, exercisable until 31 December 2027.\n· Xinhai to nominate one member to the Ariana board on satisfaction of certain conditions in the definitive agreement.\n\nDr. Kerim Sener, Managing Director, commented:\n\"We are very pleased to have been able to fast-track the definitive agreement with Xinhai over the past two weeks since the completion of the Term Sheet. This sets the scene for our positive relationship and understanding with Xinhai and bodes well for our interactions going forward on the advancement of the Dokwe Gold Project through its feasibility programme.\"\nThis announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.\n\nInvestment Summary\nAriana has entered into a binding strategic investment agreement with Xinhai ...