Successful £1.05m Placing and Opening of £300k WRAP Offer for Ariana Resources Plc
- guywheatley9
- Mar 26
- 1 min read
Fortified Securities is pleased to announce that Ariana Resources plc (LSE: AAU) has successfully completed a £1.05 million Placing and Subscription, which will support the advancement of its flagship Dokwe Gold Project in Zimbabwe. This transaction was completed alongside Zeus Capital as broker and included strong participation from both new and existing investors, as well as members of the Ariana board and management team.
The company has also opened a WRAP Retail Offer for up to £300,000 which will close on 28 March 2025.
Use of Proceeds:
- Completion of ongoing technical work and field programs in support of the Dokwe feasibility study
The Dokwe Project is the largest undeveloped gold project in Zimbabwe, with a JORC Measured, Indicated and Inferred Resource of over 1.83 million ounces of gold, and remains Ariana’s most significant development asset.
About Ariana Resources:
Ariana Resources plc is a UK-based exploration and development company focused on precious and base metals, primarily operating in Turkey. The company is known for its successful track record in gold production through its joint venture projects, notably the Kiziltepe Mine, which forms part of the Red Rabbit Gold Project. Ariana leverages its in-country expertise and strategic partnerships to advance exploration activities and expand its resource base.
With a commitment to sustainable practices and community engagement, Ariana Resources continues to grow its presence in the mineral resource sector across southeastern Europe and beyond.
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