Business Reporter
LONDON-and Australia-listed mineral exploration and development company Ariana Resources plc has published its prospectus to launch a private placement in Zimbabwe to raise between US$3 million and US$5 million to fund its Dokwe gold project in Tsholotsho.
The capital raise will be followed by a secondary listing of its ordinary shares by way of introduction on the Victoria Falls Stock Exchange (VFEX).
Ariana’s ordinary shares were originally listed on the London Stock Exchange’s Alternative Investment Market (AIM) in July 2005.
Expanding its investor reach, the group completed a dual listing on the Australian Securities Exchange (ASX) in September 2025 via CHESS Depositary Interests (CDIs).
Beyond its flagship asset in Zimbabwe, Ariana maintains a diversified international portfolio.
The Dokwe project is strategically key to Zimbabwe’s gold mining industry growth, as one of the country’s largest new, large-scale greenfield gold developments in decades.
Gold is Zimbabwe’s primary foreign currency earner (generating a record US$4,61 billion in 2025) and serves as the core physical collateral backing the country’s domestic currency, ZiG.
Zimbabwe recorded a record-high gold output of 46,7 tonnes in 2025.
For 2026, Zimbabwe has set a baseline target of 50 tonnes.
