Ariana Resources says its now well-positioned for Australia listing
Published: 03:44 29 May 2025 EDT
Ariana Resources PLC (AIM:AAU) told investors it is now well-positioned for its planned ASX listing this year.
The junior gold miner said it has now appointed Shaw & Partners as Lead Manager for its planned dual-listing on the Australian Securities Exchange, meanwhile, Shaw & Partners has agreed to work with Leeuwin Wealth, which will act as ‘co-manager’.
Ariana believes the addition of an ASX listing can provide improved access to capital and greater liquidity, which may support an improved valuation for the company.
The company plans to raise new equity alongside the listing.
Proceeds are earmarked to advance exploration and technical studies at its Dokwe Gold Project in Zimbabwe.
“We have also made significant advances in our understanding of the opportunity at the Dokwe Gold Project and have demonstrated the potential for over 1 million ounces of gold within optimised pit shells, in addition to substantial exploration upside across Dokwe North and Central,” Ariana managing director Kerim Sener said in a statement.
He added: "We look forward to working closely with Shaw and Leeuwin in the next two months as the Company approaches its dual-listing on the ASX via an IPO."
He meanwhile highlighted that since late 2024 and early 2025, the company has raised additional capital specifically to advance Dokwe and other activities, supported by its largest shareholders, which include Newmont Mining, Riverfort and Proccea Construction.
At the end of last year, Ariana postponed its plan to IPO in Australia.
