Ariana Resources MD on VFEX listing and Dendere-backed funding push for Dokwe

Ariana Resources PLC (AIM:AAU, ASX:AA2, FRA:4A6) managing director Dr Kerim Sener talked with Proactive's Stephen Gunnion about the company's approved secondary listing on Zimbabwe's Victoria Falls Stock Exchange (VFEX), a proposed US$3 million to US$5 million fundraising and plans to advance its flagship Dokwe Gold Project.

Sener described the listing as a major strategic milestone, opening access to Zimbabwean institutional investors and US-dollar capital to support development of the 1.6 million-ounce gold project.

The fundraising includes cornerstone investor Dendere Asset Management, which has committed US$1 million and agreed to use its best endeavours to subscribe for up to a further US$1 million.

Proceeds will support a two-year exploration and development programme at Dokwe, running alongside the ongoing feasibility study.

Planned work includes geological surveys, target generation, resource extension drilling and further exploration across Dokwe North and Central.

Sener highlighted the importance of building local investor participation as Ariana advances towards production, with the VFEX listing expected to broaden its shareholder base and provide an additional source of funding for the project.

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