Ariana Resources Provides Update on Tavsan Mine Commissioning
Why we think this is neutral
This RNS announcement provides a general update on the progress of the Tavsan Mine project, including the commencement of cold-commissioning of the processing plant and the ongoing development of the heap-leach pads. While the update indicates positive progress, it does not contain any of the mandatory news types that would warrant a stronger sentiment score.
Key Points
- Cold-commissioning of the processing plant at Tavsan has commenced and will be completed in stages through June 2025
- Heap-leach pads are nearing completion, with first ore loading expected from late June
- Tavsan processing plant is expected to be fully operational from July, with gold production from the heap-leach underway
- Auxiliary solar power project was recently approved for a 2,555kW system, which will help reduce operational costs and enhance the environmental credentials of the operation
- Resource and exploration drilling programme ongoing, having completed 3,700m of an up to 15,000m programme and testing the potential for increases in the life of mine
Summary
Ariana Resources plc announced that cold-commissioning of the processing plant at the Tavsan Mine in Türkiye has commenced and will be completed in stages through June 2025. The heap-leach pads are nearing completion, with first ore loading expected from late June. The Tavsan processing plant is expected to be fully operational from July, with gold production from the heap-leach underway. The company also noted the recent approval of a significant solar power project for the mine, which will help reduce operational costs and enhance the environmental credentials of the operation.