Business
Quarterly Activities Report 31 December 2025
Ariana Resources plc reported significant progress for the quarter ended December 31, 2025, highlighted by a binding agreement with Hongkong Xinhai Mining Services Ltd. for A$8 million in immediate funding and up to A$3 million for metallurgical work and the Dokwe Gold project's Definitive Feasibility Study in Zimbabwe, alongside a year-end cash balance of approximately £5.4 million. The company commenced an RC drilling campaign at Dokwe for resource expansion and reported initial positive intercepts, while heap-leach operations at the Tavşan Gold Mine in Türkiye began with a first doré pour of 13.4kg, contributing to record total revenue of US$71.8 million from 19,517 oz gold and silver from Zenit Mining operations. Resource and exploration drilling continued at Tavşan, with a revised Mineral Resource Estimate expected in Q2 2026, and infill drilling at the Kizilcukur deposit in Türkiye also yielded promising results. 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\n30 January 2026\nAIM: AAU\nQuarterly Activities Report for the quarter ended 31 December 2025\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, provides the quarterly activities report for the quarter ended 31 December 2025.\nHighlights:\n· Binding Definitive Agreement was signed with Hongkong Xinhai Mining Services Ltd. (\"Xinhai\") to provide A$8 million in immediate funding, and up to a further A$3 million (payable in equity) for a metallurgical sampling and testwork programme and to progress the Definitive Feasibility Study at the Dokwe Gold project in Zimbabwe; cash balance of the Company at year end was c.£5.4 million.\n· Initial 26-hole reverse circulation (\"RC\") drilling campaign for c.4,000m targeting resource expansion currently underway at Dokwe. Key intercepts (from DRC9) include:\n§ 4m @ 1.98g/t Au from 188m\n§ 9m @ 1.33g/t Au from 194m\n§ 11m @ 1.37g/t Au from 206m\n§ 14m @ 2.17g/t Au from 220m, including 6m @ 4.15g/t Au from 220m\n \no Heap-leach operations at the Tavşan Gold Mine in Türkiye commenced with the first doré pour of 13.4kg of gold-silver produced in early December, with record total revenue from Zenit Mining (Kiziltepe and Tavşan), achieving US$71.8 million from 19,517 oz gold (plus silver).\n· Resource and exploration diamond drilling programme continued at the Tavşan Gold Mine in Türkiye, with 12,206m completed of an overall c.15,000m drill programme, with a revised Mineral Resource Estimate expected in Q2 2026.\n· 71 holes for 5,345m at the Tavşan North Zone completed. Key intercepts include:\n§ 5.10m @ 7.23g/t Au + 3.61g/t Ag from 76.0m (TAV-D002-25)\n§ 8.50m @ 3.70g/t Au + 2.09g/t Ag from 50.7m (TAV-D138B-25)\n§ 7.30m @ 4.02g/t Au + 4.81g/t Ag from 35.8m (TAV-D045-25)\nincluding 1.00m @ 21.54g/t Au + 8.31g/t Ag from 41.5m\n· 85 holes for 3,887m at the Tavşan Main and South Zones also completed. Key intercepts include:\n§ 15.7m @ 1.51g/t Au + 7.82g/t Ag...