Ariana Resources Secures A$8M Equity Injection to Advance Dokwe Feasibility

Strategic Partnership Formation

Ariana Resources plc, a dual-listed mineral exploration and development company, has taken a significant step forward by entering into a strategic investment term sheet with Hongkong Xinhai Mining Services Ltd. This agreement unlocks an immediate A$8 million equity injection aimed at advancing the Dokwe Gold Project in Zimbabwe, a wholly owned asset of Ariana. The partnership not only brings capital but also technical expertise to accelerate project development.

Funding and Technical Collaboration

The investment is structured in three tranches, beginning with the A$8 million cash equity investment at A$0.30 per CHESS Depositary Interest (CDI), including a non-refundable signing fee of A$500,000. Following this, Xinhai will provide metallurgical sampling and testwork services valued at A$1 million, and subsequently, technical services up to A$2 million to complete a Definitive Feasibility Study (DFS) for Dokwe. These services will be compensated through the issuance of additional CDIs, aligning Xinhai’s interests closely with the project's success.

Governance and Shareholder Considerations

As part of the deal, Xinhai will receive options to acquire additional CDIs at A$0.50 each, exercisable until the end of 2027, subject to shareholder approval. Upon completion of the initial tranche, Xinhai will also gain the right to nominate a director to Ariana’s board, strengthening their strategic influence. The full investment package, potentially totaling A$11 million, awaits finalization of Definitive Agreements and necessary shareholder consents, with an expected completion date by the end of January 2026.

Strategic Implications and Regional Impact

Both parties express optimism about the collaboration. Ariana’s Managing Director, Dr. Kerim Sener, highlighted Xinhai’s proven capacity for large-scale projects and their established presence in Zimbabwe, which could expedite Dokwe’s path to production. Xinhai’s Chairman, Yunlong Zhang, emphasized the alignment of the project with their vision for responsible, technology-driven growth in emerging resource regions. The partnership is poised to leverage Xinhai’s integrated mining solutions and Ariana’s regional expertise to unlock value and contribute positively to local development.

Looking Ahead

In addition to the strategic investment, Ariana has engaged Shaw and Partners Limited to potentially raise a further A$2 million on similar terms, though this remains uncertain. The funds raised will support general working capital and operational needs as Ariana advances the Dokwe project. Investors will be watching closely as the partnership moves toward formal agreements and as the feasibility study progresses, setting the stage for the next phase of development in this promising gold asset.