Tavsan First Pour

Ariana Resources plc (AIM: AAU, ASX: AA2, "Ariana" or the "Company"), the mineral exploration, development and production company with gold project interests in Africa and Europe, is delighted to announce that its first gold-silver doré pour has been completed successfully at the Tavşan Mine ("Tavşan" or "the Project") which is 23.5% owned by Ariana through its interest in Zenit Madencilik San. ve Tic. A.S ("Zenit").

Highlights:

• First doré pour of 13.4kg of gold-silver has been completed at the Tavşan Mine (Figures 1 & 2).
• Heap-leach pad currently loaded with c.30,000 tonnes of ore, with c.800,000 tonnes of already mined and stockpiled ore being prepared for loading over the next year.
• 1.3Mt of ore at an average grade of 1.38 g/t Au and 5.77 g/t Ag has been mined to date from Tavşan, with high-grade continuing to be processed via the Kiziltepe CIL plant.
• Up until Q4 2025, 24,400 oz of gold and 83,770 oz of silver had been produced from Tavşan processed via the Kiziltepe plant.
• Production is expected to ramp up over the coming months and reach steady-state production by Q2 2026.
• Tavşan forms part of the Zenit Mining Operations, which has been in production since 2017, averaging 22,000 oz per annum.
• Kerim Sener, Managing Director, commented:

"We are delighted that Zenit has achieved its first doré pour at Tavşan, with gold and silver production commencing from the new heap-leach operation. Whilst our main focus is to develop the Dokwe Gold Project in Zimbabwe into a million-ounce-plus gold mine, we remain excited by Zenit's gold and silver mining operations in Türkiye, as Zenit pivots its gold production focus from Kiziltepe to Tavşan in the coming year.

"By continuing to utilise the Kiziltepe CIL plant for the processing of higher-grade ore from Tavşan, Zenit will be able to benefit from higher gold and silver recoveries while heap-leaching operates at Tavşan. As Zenit has already spent two years mining and stockpiling over 800,000 tonnes of run-of-mine ore at Tavşan, the operation is in excellent shape to ramp up to full-scale operations in the coming months.

"Looking ahead, we expect a steady-state production by Q2 2026, as Tavşan becomes the primary gold-producing interest in Türkiye and an important source of cash generation for Ariana."

Figure 1: The first doré bar of 13.4kgs from the Tavşan gold-silver mine, with Ariana and Zenit team members. Via CIL processing, there are about three parts silver to one part gold in the Tavşan doré, although the lower silver recovery from the heap-leach results in a more gold-rich bar.

Figure 2: In the gold room - the first doré pour from the Tavşan gold-silver mine.

Summary of the Tavşan Mine:

The Tavşan Gold-Silver Mine is located in western Türkiye and contains a JORC 2012 Measured, Indicated and Inferred Resource of 311,000 ounces gold and 1.1 million ounces silver underpinning an eight-year mine life, with potential for further enhancement through continued resource growth.

Tavşan is owned by Zenit Madencilik San. ve Tic. A.S., which is owned by Ariana (23.5%), Proccea Construction Co. (23.5%) and Ozaltin Holding A.S. (53%). An NSR royalty of up to 2% on production is payable to Sandstorm Gold.

Mining commenced in early 2024 with high-grade ore being trucked to the Kiziltepe Mine for processing through the CIL plant and lower-grade ore being stockpiled at Tavşan Mine site, in preparation for loading onto the heap-leach pad, which is now permitted for commercial operations. Ore loading and leaching operations are underway in the Phase 1 heap-leach pad area.

A photo gallery and video of the Company's first doré pour and operations at Tavşan will be made available on the Company's website in due course.

Figure 3: Western Türkiye project location map.

For further information, please refer to section 5.5.2 of the ASX Replacement Prospectus (released on 8 September 2025).

Table 1 - Tavşan Mineral Resource Estimate

Notes:

• The Tavşan Mineral Resource Estimate is reported inclusive of Reserves.
• The above figures are stated gross to Zenit in which Ariana has a 23.5% net attributable interest.

Table 2 - Tavşan Ore Reserves

Notes:

• The above figures are stated gross to Zenit in which Ariana has a 23.5% net attributable interest.

Compliance Statements

The information in this announcement relating to Mineral Resources and Ore Reserves has been reported by the Company in accordance with the 2012 Edition of the 'Australasian Code for Reporting of Exploration results, Mineral Resources and Ore Reserves' (JORC Code) previously (refer to the Company's replacement prospectus which was released on 8 September 2025 (Prospectus) and is available on the Company website at http://www.arianaresources.com/) (Previous Market Announcement).