IN BRIEF: Ariana Resources shares rise on expanded mining scenario
10th Jul 2024 14:24
Ariana Resources PLC - London-based mineral exploration and development company with gold mining interests in Africa and Europe - Notes a recent mineral resource suggests an expanded mining scenario of 75,000 to 100,000 ounces production over 10 to 15 years as part of the definitive feasibility study. Says revised pit optimisations have increased the in-pit resources by 16%, with measured and indicated resources now at 1.33 grammes of gold per tonne for 1.2 million ounces of gold. Adds that the pre-feasibility study's proposed a production rate of 60,000 ounces per year and a 12-year mine life could be increased significantly. Read More