Ariana Resources (LSE: AAU)

Ariana Resources is a leading exploration, development and production company presently focused on Turkey. The Company is targeting the discovery of sizeable mineral systems, primarily 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 deposit discoveries.

Within this province Ariana has one advanced development project (Red Rabbit Project) and a further two advanced exploration projects (Ivrindi and Demirci). The region surrounding the projects is named the WAVE Project Area. Ariana envisages an aggregate resource of 1Moz of gold is achievable within the Red Rabbit Project Area and our strategy is designed to build on our existing resource base via exploration and future acquisitions.