Other Projects

Kizilcukur Project Overview

Kizilcukur

Overview

Kizilcukur is located 22km to the northeast of the Kiziltepe Mine and is being developed with the intention of trucking and processing ore at the Kiziltepe plant in the future.  The project comprises a single licence with 10-year operational status. Kizilcukur sits outside the Red Rabbit JV but can be sold into the JV at 3 x exploration cost at time when mutual benefit can be demonstrated to the JV.

Previous scoping-level work on the project showed the potential for open-pit mining and new drilling has been focused on defining future reserves.  Metallurgical test work at Kizilcukur has demonstrated that the ore responds well to the operating conditions used within Kiziltepe processing plant. 

Trial mining conducted in 2017-18 produced an initial c. 5,000 tonnes of material which is currently stockpiled on site.  It is expected that some of this material will be transported to the Kiziltepe plant for bulk trial-processing in the near to medium term future.

SCOPING STUDY SUMMARY

Mine Life: 2 years
Cash Costs: Under review
Processing: CIL (at Kiziltepe)
Planned Production Rate: 10,000 oz Au pa
JORC Resource: 33,000oz (Inferred) – targeting 50,000oz
JORC Reserve (Proven & Probable): Subject to feasibility
Royalty: State Right and 2% NSR to Dogu Akdeniz Mineralleri San. ve Tic. Ltd.
Overview

Overview

Kizilcukur is located 22km to the northeast of the Kiziltepe Mine and is being developed with the intention of trucking and processing ore at the Kiziltepe plant in the future.  The project comprises a single licence with 10-year operational status. Kizilcukur sits outside the Red Rabbit JV but can be sold into the JV at 3 x exploration cost at time when mutual benefit can be demonstrated to the JV.

Previous scoping-level work on the project showed the potential for open-pit mining and new drilling has been focused on defining future reserves.  Metallurgical test work at Kizilcukur has demonstrated that the ore responds well to the operating conditions used within Kiziltepe processing plant. 

Trial mining conducted in 2017-18 produced an initial c. 5,000 tonnes of material which is currently stockpiled on site.  It is expected that some of this material will be transported to the Kiziltepe plant for bulk trial-processing in the near to medium term future.

Ivrindi

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Ivrindi Project Overview

Overview

The project was discovered by the Ariana exploration team using remote-sensing targeting methods developed by the Company in 2003. The prospect is contained by a license that was one of the first acquired by the Company in early 2004.

The Ivrindi Gold Project is located in the Ivrindi District of Balikesir Province in western Turkey. The project comprises a single licence with 10-year operational status. The Project area lies approximately 70km northwest from Kiziltepe plant and 70km northeast of the Ovacik gold mine.

RESOURCE SUMMARY

JORC Resource: 11,000 oz Au Inferred
Management Target: 25,000 oz Au
Overview

Overview

The project was discovered by the Ariana exploration team using remote-sensing targeting methods developed by the Company in 2003. The prospect is contained by a license that was one of the first acquired by the Company in early 2004.

The Ivrindi Gold Project is located in the Ivrindi District of Balikesir Province in western Turkey. The project comprises a single licence with 10-year operational status. The Project area lies approximately 70km northwest from Kiziltepe plant and 70km northeast of the Ovacik gold mine.