Business
Term Sheet for Strategic Investment in Dokwe
Ariana Resources plc has entered into a strategic investment term sheet with Hongkong Xinhai Mining Services Ltd., securing an A$8 million equity investment at A$0.30 per CDI, with a A$500,000 signing fee paid immediately. Xinhai will also provide A$1 million in technical services for metallurgical sampling and testwork and up to A$2 million to complete the Definitive Feasibility Study for the Dokwe Gold Project in Zimbabwe, to be paid in CDIs at the same issue price. Additionally, Xinhai will receive up to 18,333,333 options exercisable at A$0.50 until December 2027, and is expected to nominate a board member upon completion of definitive agreements by January 31, 2026. A further A$2 million may be raised through a follow-on placement. 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\n9 December 2025\nAIM: AAU\nASX: AA2\nTerm Sheet Agreed for Strategic Investment to Advance Dokwe towards Production\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 strategic investment term sheet 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 (Issue Price). The signing fee is paid on signing of the term sheet.\n· Xinhai will provide technical services in relation to a Metallurgical Sampling and Testwork Programme for A$1 million and complete the 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 over CDIs on a 1 option per 2 CDI basis to acquire CDIs at A$0.50 per CDI exercisable until 31 December 2027.\n· The Definitive Agreements are expected to be completed by 31 January 2026.\n· Xinhai to nominate one member to the Ariana board following the completion of the Definitive Agreements.\n· Up to a further A$2 million of equity may be raised through a follow-on placement conducted by Shaw and Partners Limited on the same terms.\n* Subject to and conditional on execution of Definitive Agreements and satisfaction of other conditions precedent.\nDr. Kerim Sener, Managing Director, commented:\n\"We are very excited to be entering into this funding term sheet with Xinhai at this pivotal time for our business. Xinhai has recognised the value of the Dokwe Gold Pro...