Ariana Resources PLC (AIM:AAU) has pushed out the date of its proposed dual-listing on the Australian Securities Exchange (ASX) towards mid-2025.
A prospectus in connection with the proposed dual-listing is now scheduled to be lodged during the first half of 2025, with the proposed dual-listing targeted for completion before the end of the half-year.
Kerim Sener, Ariana’s managing director, said: "We remain fully committed to our plans to achieve a dual-listing of Ariana on the ASX and remain significantly advanced towards finalising this process.
“However, we have determined that the optimal time to complete our ASX listing will be during the first half of calendar 2025.
“By that time, we are anticipating to have announced some of our early work on the Dokwe feasibility study, particularly towards a revised Resource and Reserve update, following receipt of new drilling results.
“This will establish an even more robust platform to pin the company's valuation in the lead-up to the ASX listing."
Ariana added the revised timetable will also allow it to meet other conditions for the listing including a shareholder meeting, finalising the 2024 audited financial statements and revisions to its Australian capital markets advisor arrangements.