TIDMAAU 
 
   8 June 2015 
 
   AIM: AAU 
 
   STRATEGIC INVESTMENT STATUS GRANTED TO KIZILTEPE GOLD MINE 
 
   Ariana Resources plc ("Ariana" or "the Company"), the Anglo-Turkish gold 
exploration and development company is delighted to announce that its 
Kiziltepe Gold-Silver Mine ("Kiziltepe"), has been granted Strategic 
Investment status by the Turkish Government. Kiziltepe is part of the 
Red Rabbit Joint Venture in western Turkey with Proccea Construction Co. 
 
 
   Highlights: 
 
 
   -- Strategic Investment status provides enhanced investment incentives and 
      demonstrates continued support for the mine's development by the Turkish 
      Government. 
 
 
   -- Additional 50% reduction (90% total reduction) in corporation tax and 
      exemptions from customs duties and VAT on components and equipment to be 
      imported. 
 
 
   -- Kiziltepe financial models to be revised to include latest incentives. 
 
 
   -- Kiziltepe Mine fully funded and permitted ahead of construction start-up. 
 
 
   Michael de Villiers, Chairman, commented: 
 
   "We are delighted to have received Strategic Investment status following 
the recent approval of our forestry permits.  These enhanced incentives 
demonstrate support for our mine development by the Turkish Government, 
ensuring improvements to the economics of Kiziltepe while encouraging 
new exploration.  This is a win-win for the Company and for Turkey as 
new resources are discovered and mined." 
 
   Investment Incentives 
 
   During 2014, the Joint Venture company, Zenit Madencilik San. ve Tic 
A.S. ("Zenit"), applied to the General Directorate of Incentives and 
Foreign Investment at the Turkish Ministry of the Economy for the 
inclusion of the project as a Strategic Investment.  In addition to 
existing incentives secured by the company (which includes an 80% 
reduction in corporation tax), classification as a Strategic Investment 
entails a total reduction of 90% in corporation tax up to a tax limit of 
50% of the capital investment.  The Company has now been given the 
status of a Strategic Investment and will be able to take advantage of 
strategic investment incentives made available by the Turkish 
Government.  The Company will be revising its financial models to take 
account of these incentives for the Kiziltepe Mine accordingly. 
 
   The incentives secured include: 
 
 
   -- Exemption from customs duty domestic and foreign machinery and equipment 
      (100% exemption). 
 
 
   -- 90% reduction in corporation tax up to a tax limit of 50% of the capital 
      investment.  This equates to corporation tax being paid at a rate of 2% 
      in the early years of the operation, rather than the standard 20% rate. 
 
 
   -- Social insurance contributions for all mine employees will be paid by the 
      Turkish Government for 7 years. 
 
 
   -- Interest repayment support on any Turkish Lira or foreign currency loan 
      secured by the company. 
 
 
   -- VAT exemption domestic and foreign machinery and equipment (100% 
      exemption). 
 
 
   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 
Saif Janjua 
 
Loeb Aron & Company Ltd.                 Tel: +44 (0) 20 7628 1128 
John Beresford-Peirse / Dr. Frank Lucas 
 
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#1926803 
 
 
  http://www.arianaresources.com/s/Home.asp 
 

Ariana Resources (LSE:AAU)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Ariana Resources Charts.
Ariana Resources (LSE:AAU)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Ariana Resources Charts.