• Ariana lists on ASX under ticker "AA2", raises AU$11M

• Dokwe project in Zimbabwe holds 1.42M oz gold resource

• Dual listing aims to boost visibility, liquidity, investor base

Ariana Resources officially listed its shares on the Australian Securities Exchange (ASX) under the ticker "AA2" on Wednesday, September 10, opening its stock to a new base of investors. The British mining company, already trading on the London Stock Exchange's AIM market, aims to leverage the listing to enhance the visibility of the Dokwe gold project it is developing in Zimbabwe. The project has an identified mineral resource of 1.42 million ounces of gold.

Ariana stated that the strategic move positions Dokwe  in a market in which gold exploration and development companies have attracted significant investor interest." The company believes the dual listing will broaden its shareholder base while offering greater liquidity for shares. The public offering associated with the listing raised AU$11 Million, or approximately US$7.2 million.

Dokwe, the company's flagship project, could host a mine capable of producing 65,000 ounces of gold annually over a 13-year lifespan, according to a 2022 pre-feasibility study. The initial capital expenditure for construction is estimated at US$82 million, with a payback period of 1.8 years. An update to these figures is underway as part of a definitive feasibility study launched by Ariana.

No timeline has been announced for the development of the mine. Ariana is not the only mining company active in Africa to have listed on the ASX in 2025. In West Africa, Orezone Gold and Robex Resources have also pursued similar listings for their Bomboré and Kiniero projects, respectively.

Aurel Sèdjro Houenou