Ariana Resources plc, an AIM-listed mineral exploration and development company with interests in gold mining operations in Europe, has reported that, further to the announcement released on 2 September 2021 regarding the submission of its final environmental impact assessment (EIA) report for the Tavsan Mine in Western Turkey, the Ministry of Environment and Urban Planning has now formally provided its approval of the EIA. Tavsan is part of Zenit Madencilik San. ve Tic. A.S. and is 23.5% owned by Ariana.
- EIA approved for the development of Tavsan gold and silver mine which is targeting production of up to 30 000 oz/y of gold over eight years.
- Zenit is managing the development programme, with construction to commence following receipt of final permits.
- Discussions regarding debt financing of the required construction capital are being advanced with potential lenders.
- Opportunities for resource expansion have been demonstrated at Tavsan and further drilling is expected to commence during 4Q21, which will lead to a revised resource.
Dr Kerim Sener, Managing Director, commented: “The approval of the EIA for the Tavsan Gold-Silver Mine demonstrates the determination of the Zenit team to develop this valuable asset through to commercial production. This project represents the second successful delivery of an environmentally approved mining project in Western Turkey by the company. The development of this project will benefit both local stakeholders and Ariana investors alike. Zenit have involved the local community at every stage of the development of the project over several years and we welcome the support that they have shown for the mine during the EIA process.
“Zenit will now proceed through the final permitting and construction phases, while the Ariana team continues its focus on value accretive exploration. As recently reported, there remains the potential to substantially increase the resource base at Tavsan with further drilling and development work. With this in mind, as we accelerate towards production and the generation of maiden revenues at Tavsan, our attention remains squarely on the evaluation and development of our wider investment portfolio across the full-cycle of exploration, development and production.”
Read the article online at: https://www.globalminingreview.com/environment-sustainability/14102021/eia-approved-for-ariana-resources-tasvan-mine/