Ariana Resources Obtains Revised Pre-Feasibility Study for Dokwe Project

Ariana Resources Obtains Revised Pre-Feasibility Study for Dokwe Project
Ariana Resources Obtains Revised Pre-Feasibility Study for Dokwe Project

Ariana Resources PLC – a precious metals exploration company focused on the Eurasian Tethysm metallogenic belt – secures a revised pre-feasibility study for the Dokwe project in Zimbabwe. The pre-feasibility study for the Dokwe project shows an after-tax net present value of US$160 million and a mine life of 13 years at 60,000 ounces of gold per year. The Dokwe project is part of the Rockover acquisition. Kerim Sener, Managing Director, said: “This substantial update to the Dokwe Project Preliminary Feasibility Study confirms our assessment that the project represents a major value creation opportunity for the proposed enlarged company, once we have completed our merger with Rockover. We anticipate positive developments from further optimization studies of the Dokwe project, which require continued evaluation, as well as similar studies undertaken across the rest of our project portfolio.

Current share price: 2.59p, up 3.6%.

Change over 12 months: down 5.8

By Sabrina Penty, journalist at Alliance News

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