Ariana Resources plc (LON:AAU) has recently announced an updated resource and reserve for its Zenit Mining Operations, which includes the Kiziltepe and Tavsan sectors. This update is a testament to the company's progress in its long-term strategy, aiming for sustained production and expansion in the region. The latest JORC reserve is reported at 5.3 million tonnes, with 1.46 grams per tonne (g/t) of gold and 9.81 g/t of silver, summing up to 249,000 ounces of gold and 1.67 million ounces of silver. Kerim Sener, the managing director of Ariana Resources, highlighted that this reserve could support around 10 more years of production.
Since its inception in 2017, the Kiziltepe Sector has been a significant contributor, producing 151,000 ounces of gold and 1.68 million ounces of silver. The global JORC resource now totals 10.9 million tonnes, encompassing 483,000 ounces of gold and 4.45 million ounces of silver, with potential for further expansion. Dr. Sener elaborated on the company's strategy of integrating the Kiziltepe and Tavsan sectors for optimized ore processing, a plan that was first envisioned in 2009. With the recent surge in gold prices, Ariana Resources is reevaluating its pit designs and processing methods to enhance the longevity and efficiency of its operations.
The company is committed to ongoing exploration efforts to broaden its resource base, reinforcing its position for strategic advancement in Western Türkiye's mining industry. For more information on Ariana Resources plc and its operations, visit https://www.arianaresources.com.
