Hong Kong Investor Takes 10.19 Percent Stake in Ariana Resources
- Southerton Business Times
- 2 days ago
- 2 min read
HARARE — Hong Kong Xinhai Mining Services has acquired a 10.19 percent stake in UK-listed Ariana Resources, completing the first tranche of a phased AU$11 million (US$7.35 million) investment aimed at advancing the Dokwe Gold Project in Zimbabwe.
The transaction, first announced on 22 December 2025 and notified on 30 December 2025, transferred 266,666,670 shares to Xinhai, giving the investor significant voting rights and the ability to nominate a director to Ariana’s board. The ultimate controlling entity behind the investment is Yunlong Zhang.
Xinhai provided AU$8 million in immediate funding for working capital and early-stage project development, including metallurgical test work and a definitive feasibility study. Two further tranches of AU$1 million and AU$2 million will be settled through shares and options as technical and feasibility milestones are met.
Ariana has completed more than half of its initial drilling target at Dokwe, with early assays reported in December 2025 showing encouraging high-grade intercepts, including 14 metres at 2.17 g/t, extending the Dokwe Central deposit beyond the previously known resource envelope.
Kerim Sener, Ariana’s managing director, said the results support the view that Dokwe has potential to increase in scale and that the year-end review will inform further RC and diamond drilling planned for 2026, alongside detailed metallurgical work.
Xinhai is the international investment arm of Shandong Xinhai Mining Technology & Equipment Inc., a China-based engineering and mining services group. Analysts say the strategic investment and technical support could accelerate exploration and feasibility work at Dokwe, potentially boosting Zimbabwe’s mining profile if subsequent drilling and studies confirm resource growth.
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