Ariana Resources PLC, the UK-based mineral exploration and development company, has announced that drilling operations at its wholly owned Dokwe Gold Project in Zimbabwe will commence following its planned dual listing on the Australian Securities Exchange (ASX).
The company confirmed that its application for an ASX listing is underway, with the institutional bookbuild phase for its capital raise already completed. Ariana is seeking to raise between AUD 10 million and AUD 15 million through this process, aimed at supporting its exploration and development objectives in Zimbabwe and other jurisdictions.
The Dokwe Gold Project, located in the Matabeleland North Province, has been described by Ariana as a “significant gold deposit” with potential for large-scale mining. Independent assessments have highlighted that the project holds substantial indicated and inferred mineral resources, though commercial production remains contingent on further drilling, feasibility studies, and permitting.
In parallel with developments in Zimbabwe, Ariana reported that its Tavşan Gold Mine in Türkiye has reached operational readiness. The heap leach operations are expected to commence gold production within August 2025, marking a significant milestone for the company’s portfolio diversification.
The dual listing on the ASX is expected to broaden Ariana’s investor base and enhance its capacity to finance multi-jurisdictional mining activities. The company has stated that its strategy focuses on advancing high-potential projects while maintaining responsible mining practices and compliance with relevant environmental and social governance standards.
Ariana Resources is currently listed on the London Stock Exchange’s AIM market, where it trades under the ticker symbol AAU. The firm has indicated that further operational and financial updates will be provided following the completion of its Australian listing process.
