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LONDON (Alliance News) - Turkey-focused miner Ariana Resources PLC on Wednesday said it remains on track at its Red Rabbit gold project and expects its maiden gold pour to happen in the second half of 2016.
In a letter to shareholders, the company said 2015 saw the group make significant progress on its licences and said construction work is continuing apace at the Red Rabbit project in Turkey and is on track to complete by the second half of the year.
The group said is now expects to see its first gold pour from the site in the second half of the year and said the project remains both on time and on budget.
Ariana shares were down 0.5% to 0.8201 pence on Wednesday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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