Ariana Resources Secures AU$8 Million Funding from Hongkong Xinhai Mining Services

05:06 AM EST, 12/09/2025 (MT Newswires) -- Ariana Resources (AAU.L) signed a strategic investment term sheet to secure immediate funding worth AU$8 million from Hongkong Xinhai Mining Services. Under the terms of the agreement, the mineral exploration and development company will receive an upfront payment of AU$500,000 on signing, according to a Tuesday filing. Xinhai will also provide technical services in relation to a metallurgical sampling and testwork program for AU$1 million and complete the definitive feasibility study of the Dokwe gold project in Zimbabwe for up to AU$2 million, to be settled in Chess Depositary Interests at an issue price of AU$0.30 each. In exchange, Xinhai will receive up to 18,333,333 options over CDIs on a one-for-two basis, exercisable at AU$0.50 per CDI until Dec. 31, 2027. The companies expect to formalize the deal by Jan. 31, 2026.