Ariana Resources PLC (AIM:AAU) Director/PDMR Shareholding

The Company has been informed today that Michael de Villiers, Chairman, yesterday and today dealt in Ordinary Shares in the Company as set out below. Mr de Villiers total shareholding in the Company is now 46,000,000 Ordinary Shares representing 4.34% per cent. of the Company’s issued share capital. 

 

 

Date of Sale/Purchase

Sale/Purchase

Number of Shares

Price

Held by

4 June 2018

Sale

1.24 pence

Michael de Villiers

4 June 2018

Purchase

1.29 pence

ISA for Michael de Villiers

4 June 2018

Purchase

1.25 pence

Michael de Villiers

5 June 2018

Purchase

1.3 pence

Michael de Villiers

 

 Full RNS Update Link HERE

 

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 originally selected on the basis of its in-house geological and remote-sensing database.

 

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, form part of a 50:50 Joint Venture with Proccea Construction Co.  The Kiziltepe Sector of the Red Rabbit Project is fully-permitted and is currently in production.  The total resource inventory at the Red Rabbit Project and wider project area stands at c. 605,000 ounces of gold equivalent.  At Kiziltepe a Net Smelter Return (“NSR”) royalty of up to 2.5% on production is payable to Franco-Nevada Corporation.  At Tavsan an NSR royalty of up to 2% on future production is payable to Sandstorm Gold.

 

In north-eastern Turkey, Ariana owns 100% of the Salinbas Gold Project, comprising the Salinbas gold-silver deposit and the Ardala copper-gold-molybdenum porphyry among other prospects.  The total resource inventory of the Salinbas project area is c. 1 million ounces of gold equivalent.  A NSR royalty of up to 2% on future production is payable to Eldorado Gold Corporation.

For further information on Ariana you are invited to visit the Company’s website at www.arianaresources.com.

 


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