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Ariana – Increased Resource At Apliki

By Nigel Somerville, the Deputy Sheriff of AIM | Thursday 18 August 2022

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

There was encouraging news this morning from AIM-listed Gold producer Ariana (AAU) in the form of news from 50%-owned investee Venus Minerals. Venus is supposed to be joining the AIM Casino, and as part of the deal has a conditional 50:50 joint venture ownership agreement with regard to the Apliki copper project in Cyprus, and the Mineral Resource Estimate has been upped to 17 million tonnes of measured, indicated and Inferred Resource at an average grade of 0.34% copper.

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