Aim-listed exploration and development company Ariana Resources on Monday announced that Turkey had renewed the operating licence for its Ivrindi gold project for another ten years.
Ivrindi is 100% held by Ariana, outside its 50:50 Red Rabbit joint venture, which owns the producing Kiziltepe operation.
"Exploration and development activities at our Ivrindi project were slowed down last year while we went through the process of renewing of our operating licence, which we have now secured successfully for a further ten years,” said MD Kerim Sener.