Ariana’s investment strategy allows diversification by executing selective, high-impact exploration programmes on joint venture opportunities and projects invested in through the Asgard Metals Fund. Through these investments Ariana forms robust business partnerships for the development and construction of projects.
Asgard Metals Pty. Ltd. is a wholly-owned Australian subsidiary of Ariana, now operating as the Asgard Metals Fund (“Asgard”). The remit of Asgard encompasses “Project Catalytic” investments in selected companies with interests in high-quality early-stage exploration project opportunities. Such investments are being made within listed companies and in private companies which are demonstrating the capacity and desire to go public on the ASX or LSE stock exchanges.
Asgard is specifically focused on the discovery stage of mineral exploration projects, where the full capabilities of the Ariana’s in-house exploration team can be brought to bear. Selected projects receive up to AUS$500,000 in capital and time, including expert assistance from the Ariana team.
Current Asgard Investments include:
- Panther Metals
- Annamite Resources
- Pallas Resources
- Altai Resources
Panther Metals Limited (Panther) has defined a series of significant gold targets, including the recently discovered 40 Mile Camp anomaly, in a substantially under-explored part of the prolific Laverton Greenstone Belt, Western Australia. Several multi-million ounce gold deposits are located in the vicinity and the infrastructure is substantial, with several processing plants currently running under capacity.
Rockover Rockover is a highly-successful private exploration company operating in Africa, with the Dokwe Gold Project as its flagship project near Bulawayo, Zimbabwe. The feasibilty-stage Dokwe Project was discovered under Kalahari cover containing 1.3Moz gold (JORC Measured, Indicated and Inferred)*, comprising Dokwe North and Dokwe Central. A positive pre-feasibility study has been completed which provides for gold production of 60,000 ounces per annum over 12 years from a single open pit, with potential to increase resources through further exploration.
Annamite Resources Holdings Pte. Ltd. is a Singapore-based company with copper and gold licences in Laos, with Annamite’s flagship project, the Sokdee Project (Cu-Au porphyry), located on the exceptionally prospective Phu Kham-Loei Trend. Laos is located towards the eastern end of the continental Tethyan Metallogenic Belt, which constitutes a series of amalgamated metallogenic arcs across the Indochina Peninsula.
Pallas Resources Limited (“Pallas”), a UK company with several large copper and gold licences in highly prolific mineral belts of Kazakhstan. With an extensive portfolio focused on gold and copper, encompassing over 800km2, Pallas is well-positioned across several of Kazakhstan’s highly prolific mineral belts. These areas are host to several multi-million ounce gold deposits, some of which are in production and under the ownership of western companies.
Altai Resources is a majority owned subsidiary of Pallas Resources, which has been established to focus on a major nickel sulphide province in eastern Kazakhstan. It is a first mover in the Altai nickel belt of Central Asia exploring supergiant nickel sulfide systems in Kazakhstan. The Altai nickel belt is both large (>1,100km) and severely underexplored province which overlaps the same superplume as Norilsk.
Altai’s first licence (Kokpekty) hosts multiple targets with surface Ni-Cu occurrences in a geological environment analagous to Norilsk: large-scale concentrations of polymetallic sulphides formed by magma interaction with evaporites.