Update on planned ASX Dual-Listing

Ariana Resources plc ("Ariana" or "the Company"), the AIM-listed mineral exploration and development company with gold project interests in Africa and Europe, provides an update on its proposed dual-listing on the Australian Securities Exchange ("ASX"). Ariana advises that it has modified the timetable for its proposed ASX dual-listing to 2025, as it continues to work through the remaining requirements to achieve a dual-listing, which include:

• convening an Ariana shareholder meeting to pass several resolutions required to prepare the Company for the proposed dual-listing on ASX;
• finalising the 2024 audited financial statements which will be required for the ASX prospectus; and
• revisions to arrangements with its Australian capital markets advisors following changes at its Lead Manager.

The Company expects to lodge a prospectus in connection with the proposed dual-listing during the first half of CY2025, with the proposed dual-listing targeted for completion before the end of that half-year.

Kerim Sener, Managing Director, commented:

"We remain fully committed to our plans to achieve a dual-listing of Ariana on the ASX and remain significantly advanced towards finalising this process. However, we have determined that the optimal time to complete our ASX listing will be during the first half of CY2025. By that time, we are anticipating to have announced some of our early work on the Dokwe feasibility study, particularly towards a revised Resource and Reserve update, following receipt of new drilling results. This will establish an even more robust platform to pin the Company's valuation in the lead-up to the ASX listing."

Editors' Note: