Ariana Resources plc : Successfully Passes Public and Ministerial Consultation
for Red Rabbit Gold Project, Turkey
2 April 2013
PUBLIC AND MINISTERIAL CONSULTATION: RED RABBIT GOLD PROJECT, TURKEY
Ariana Resources plc ("Ariana" or "the Company"), the gold exploration and
development company focused on Turkey, is pleased to announce that the
Kiziltepe Sector of the Red Rabbit Gold Project in Western Turkey has
successfully passed the public and ministerial consultation process as part of
its Environmental Impact Assessment ("EIA") submission to the Ministry of
Environment and Urban Planning ("MEUP").
*Meeting attended by approximately 100 people from surrounding villages
with no opposition to the proposed development of the mine at Kiziltepe.
*Site selected for the mine and process plant considered suitable by the
Provincial Directorate in subsequent communication with Turkish
*Clear path to production for 2014 now in place with one remaining
milestone: EIA positive certification, expected in Q3 2013.
Dr. Kerim Sener, Managing Director, commented:
"The successful completion of the Public Consultation Meeting for the proposed
development of a mine at Kiziltepe is another significant milestone for
Ariana. Having clearly presented our intentions in detail to a group of over
100 people from the surrounding villages there was no opposition to the
Kiziltepe development. This is testament to the regional support Ariana
enjoys, which is an instrumental factor in developing a mine at the site.
"Following the meeting, the site selected for the mine and process plant at
Kiziltepe were considered suitable by the Provincial Directorate. The next
step is the EIA positive certification which, following a meeting for the
purposes of scoping the requirements for its completion last week, is expected
to be received during Q3 2013. The successful completion of these milestones
provides us a clear path forward as we progress towards production targeted
for 2014. We look forward to updating shareholders on further developments."
Public Consultation Meeting
On 14 March 2013, a Public Consultation Meeting was held at Yusufcami Village
in the district of Sindirgi, Balikesir Province. This meeting was held in
accordance with the requirements of the MEUP as per Article 9 of the EIA
Regulations and was chaired by a representative of the MEUP. The meeting was
organised for the purpose of informing the public and in order to receive
The meeting provided a presentation of the Kiziltepe Gold and Silver Mine
given by the EIA consultants, SRK Consulting, followed by a forum in which
questions could be asked. Public participation in the meeting comprised of
approximately 100 attendees from the surrounding village areas of Yusufcami,
Yolcupinari and Coturtepe. There was no opposition to the proposed
development of the mine at Kiziltepe.
Following the meeting and in a subsequent communication from the Governorship
of Balikesir, Provincial Directorate of Environment and Urban Planning, sent
to the Company on the 20 March 2013, the site selected for the mine and
process plant were considered suitable by the Provincial Directorate.
Ministerial Consultation Meeting
A meeting was held on 21 March 2013 at the MEUP in Ankara for the purposes of
finalising the requirements for EIA completion among various government
departments. Participants of the scoping meeting included the representatives
from the General Directorate of State Hydraulic Works, General Directorate of
Meteorology, General Directorate of Nature Conservation and National Parks,
Provincial Directorate of Environment and Urbanization, Provincial Directorate
of Public Health, SRK Consulting and the Company. The Provincial Directorate
of Food, Agriculture and Livestock and the General Directorate of Forestry did
not participate in the meeting but instead provided their written reports.
The representatives of the various government departments expressed their
views on the project and indicated that the required documents and information
relevant to the EIA were provided to their satisfaction. Any additional
information required as relevant to the EIA was noted and will be provided to
the MEUP in due course. All additional information as requested by the MEUP
is considered by the Company to be necessary and routine.
Ariana Resources plc Tel: +44 (0) 20 7407 3616
Michael Spriggs, Chairman
Kerim Sener, Managing Director
Beaumont Cornish Limited Tel: +44 (0) 20 7628 3396
Roland Cornish / Felicity Geidt
Beaufort International Associates Limited Tel: +44 (0) 20 7382 8387
Chris Rourke / Guy Wheatley
Loeb Aron & Company Ltd. Tel: +44 (0) 20 7628 1128
St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177
Susie Geliher / Lottie Brocklehurst
About Ariana Resources:
Ariana is an exploration and development company focused on epithermal
gold-silver and porphyry copper-gold deposits in Turkey. The Company is
developing a portfolio of prospective licences selected on the basis of its
in-house geological and remote-sensing database, on its own in western Turkey
and in Joint Venture with Eldorado Gold Corporation in north-eastern Turkey.
Eldorado owns 51% of this joint venture and is fully funding all exploration
work on the JV properties, while Ariana owns 49% and is the operator.
The Company's flagship assets are its Kiziltepe and Tavsan gold projects which
form the Red Rabbit Gold Project. Both contain a series of prospects, within
two prolific mineralised districts in the Western Anatolian Volcanic and
Extensional (WAVE) Province in western Turkey. This Province hosts the
largest operating gold mines in Turkey and remains highly prospective for new
porphyry and epithermal deposits. These core projects, which are separated by
a distance of 75km, are presently being assessed as to their economic merits
and now form part of a Joint Venture with Proccea Construction Co. The total
resource inventory of the Company stands at 448,000 ounces of gold equivalent.
Ariana also has a strategic investment in Tigris Resources Limited
(www.tigrisresources.com), a private Jersey-based exploration company, which
is focused on the exploration of copper and gold deposits in southeastern
Turkey. Ariana retains 11.5% of Tigris Resources Limited.
Beaufort International Associates Limited and Loeb Aron & Company Ltd. are
joint brokers to the Company and Beaumont Cornish Limited is the Company's
For further information on Ariana you are invited to visit the Company's
website at www.arianaresources.com.
This announcement is distributed by Thomson Reuters on behalf of Thomson
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information contained therein.
Source: Ariana Resources plc via Thomson Reuters ONE
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