Arika Extends High-Grade Gold Mineralisation at Yundamindra’s Pennyweight Point

Metalicity Limited ( (AU:ARI) ) has provided an announcement.

Arika Resources has reported strong initial 2026 drilling results from the Pennyweight Point prospect at its Yundamindra Gold Project in Western Australia, with the first reverse circulation hole intersecting 33 metres at 1.28 grams per tonne gold from 149 metres, including a higher-grade 15-metre interval. The hole, positioned between two previously high-grade intercepts, confirms continuity of thick, high-grade mineralisation over at least 350 metres of strike, with the system remaining open along strike and at depth.

Additional drilling to the south has extended the near-surface oxide zone, with one hole returning 66 metres at 0.58 grams per tonne gold from just 8 metres, including 9 metres at 2.13 grams per tonne from 45 metres. The results, which also show associated silver and copper and multiple lodes in hangingwall and footwall positions, support Arika’s strategy to grow the Pennyweight Point system and progress it towards a maiden mineral resource estimate, underpinning potential resource growth and project advancement for stakeholders.

The most recent analyst rating on (AU:ARI) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Metalicity Limited stock, see the AU:ARI Stock Forecast page.

More about Metalicity Limited

Arika Resources Limited is an Australian gold exploration company focused on advancing its Yundamindra Gold Project in Western Australia’s Northeastern Goldfields. The company holds an 80% stake, with an agreement in place to move to full ownership, and is targeting both near-surface oxide and deeper fresh-rock gold mineralisation at prospects such as Pennyweight Point and Landed at Last.

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