Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Metalicity Limited ( (AU:ARI) ) has provided an update.
Arika Resources has reported a new set of strong assay results from reverse circulation drilling at the Landed at Last prospect within its Yundamindra Gold Project in Western Australia. The latest campaign has intersected thick, high-grade gold zones on the F1 and Landed at Last structures, including widths up to 57 metres with high-grade internal intervals, demonstrating robust mineralisation across multiple targets.
These results extend the known strike and depth of the ore-hosting structures, confirming continuity of the Landed at Last Main lode to at least about 300 metres down-dip and leaving mineralised zones open in all directions. With some 10,000 metres of drilling assays still pending and work focused on a 2.5-kilometre corridor, the program is laying the groundwork for Arika’s planned maiden mineral resource estimate and could significantly enhance the project’s scale and strategic value for shareholders.
More about Metalicity Limited
Arika Resources Limited is an ASX-listed gold exploration company focused on advancing its Yundamindra Gold Project in Western Australia’s Northeastern Goldfields. The company holds an 80% interest with an agreement to move to full ownership, targeting structural gold mineralisation within the Western Corridor’s Landed at Last prospect and surrounding “Yellow Brick Road” corridor.
YTD Price Performance: -18.18%
Average Trading Volume: 4,054,853
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$31.4M
For detailed information about ARI stock, go to TipRanks’ Stock Analysis page.