Ariana Resources Eyes Mid-2025 for Australian Market Entry

December 20, 2024 07:38 PM AEDT | By Team Kalkine Media

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Ariana Resources Eyes Mid-2025 for Australian Market Entry — Image source: shutterstock

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Highlights

Ariana Resources targets mid-2025 for its Australian Securities Exchange listing.

Revised timeline aligns with feasibility study updates and key milestones.

Shareholder meeting and audited financials are part of the listing preparations.

Ariana Resources has adjusted its anticipated timeline for dual listing on the Australian Securities Exchange (ASX), now targeting mid-2025. The company announced that its prospectus for the listing is expected to be lodged in the first half of the year, with plans to complete the process by mid-2025. This decision comes as Ariana continues to prepare for key developments that aim to strengthen its valuation before entering the Australian market.

Kerim Sener, managing director of Ariana Resources, reaffirmed the company’s commitment to the ASX dual-listing, emphasizing the strategic importance of the revised timeline. He explained that the delay would enable the company to incorporate results from its ongoing feasibility studies and resource updates, providing a stronger foundation for the listing.

Ariana is progressing its work on the Dokwe feasibility study, with plans to release an updated Resource and Reserve estimate. The updated findings, bolstered by new drilling data, are expected to enhance the company’s valuation as it approaches the dual-listing milestone. The feasibility study is a critical step in establishing confidence in the company’s growth trajectory and operational potential.

The revised schedule also accommodates logistical and procedural requirements for the ASX listing. These include conducting a shareholder meeting, completing the 2024 audited financial statements, and finalizing arrangements with its Australian capital markets advisor. The company stated that aligning these components with the adjusted timeline ensures a seamless process leading up to the ASX debut.

Ariana Resources’ decision to delay its listing reflects a strategic focus on aligning key business milestones with market readiness. By ensuring the availability of updated resource data and meeting regulatory conditions, the company aims to position itself optimally for success on the Australian market.

The ASX dual-listing marks a significant step in Ariana’s growth journey, providing access to a broader investor base and enhancing its market visibility. As the company prepares for this milestone, its focus on meticulous planning and operational updates underscores its commitment to long-term value creation.

Investors and market observers will be closely watching Ariana Resources as it works towards meeting its mid-2025 listing target on the ASX. The revised timeline signals a calculated approach to maximize the impact of its debut on the Australian market.

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