AAU Ariana Resources Plc

 
TIDMAAU 
 
 
 
 
 
 
 
   20 August 2015 
 
   AIM: AAU 
 
   QUARTERLY NEWSLETTER 
 
   Ariana Resources plc ("Ariana" or "the Company"), the gold exploration 
and development company focused on Turkey, is pleased to announce the 
release of the Company's Quarterly Newsletter for shareholders detailing 
the recent progress across its portfolio of gold pre-production, 
development and exploration interests. 
 
   Highlights 
 
 
   -- Red Rabbit Gold Project forestry permits received: Initiation of 
      Kiziltepe mine construction phase at Red Rabbit is imminent following the 
      issue of forestry permits - US$33 million construction finance facility 
      already secured with Turkiye Finans Katilim Bankasi A.S. - on track to 
      deliver first gold pour in H2 2016. 
 
 
   -- Continued exploration in vicinity of Kiziltepe highlighted exceptional 
      prospectivity: Whilst awaiting forestry approval exploration 
      (particularly at Kepez West and Karakavak prospects) is continuing to 
      identify new zones reinforcing view that resource upgrades are possible. 
 
 
   -- Kiziltepe granted Strategic Investment status: Provides enhanced 
      investment incentives and demonstrates continued support for the mine's 
      development by the Turkish Government. Kiziltepe financial models to be 
      revised to include latest incentives following 50% corporation tax 
      reduction. 
 
 
   -- Support from new strategic investor: Investment opportunity of Ariana 
      highlighted by two Metal Tiger plc subscriptions totalling GBP250,000 
      during the period. 
 
 
   Dr. Kerim Sener, Managing Director, commented: 
 
   "This has been a transformational quarter for Ariana.  Following the 
receipt of forestry permits, fully financed mine construction at 
Kiziltepe is now imminent and we are on track for our first gold pour in 
H2 2016.  Exploration in the wider Kiziltepe area has also been highly 
encouraging and has increased our confidence of a resource increase and 
extension to the mine life and gold output from Kiziltepe.  We are 
delighted with the continued support we have received in bringing the 
Red Rabbit Gold Project to production evidenced by Kiziltepe's strategic 
investment status and Metal Tiger's financial support and look forward 
to the quarter ahead as we continue to deliver the utmost value to our 
shareholders." 
 
   To view a copy of the Quarterly Newsletter, please click on the 
following link to the Company's website: 
http://www.arianaresources.com/investors/quarterly-updates/. 
 
   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 Bellis 
 
Loeb Aron & Company Ltd.                Tel: +44 (0) 20 7628 1128 
John Beresford-Peirse 
 
St Brides Partners Ltd                  Tel: +44 (0) 20 7236 1177 
Lottie Brocklehurst / Felicity Winkles 
 
 
 
   Editors' note: 
 
   About 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 selected on the basis of 
its in-house geological and remote-sensing database, on its own in 
western Turkey and in Joint Venture with Eldorado Gold Corporation in 
north-eastern Turkey.  Eldorado owns 51% of this joint venture and are 
fully funding all exploration work on the JV properties, while Ariana 
owns 49%.  The total resource inventory within this JV is 1.09 million 
ounces of gold. 
 
   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, are 
presently being assessed as to their economic merits and now form part 
of a Joint Venture with Proccea Construction Co.  The total resource 
inventory at the Red Rabbit Project stands at 475,000 ounces of gold 
equivalent. 
 
   Beaufort Securities Limited and Loeb Aron & Company Ltd. are joint 
brokers to the Company and Beaumont Cornish Limited is the Company's 
Nominated Adviser. 
 
   For further information on Ariana you are invited to visit the Company's 
website at www.arianaresources.com. 
 
   Ends 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Ariana Resources plc via Globenewswire 
 
   HUG#1946694 
 
 
  http://www.arianaresources.com/s/Home.asp 
 

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