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Metalicity Limited ( (AU:ARI) ) just unveiled an update.
Arika Resources has reported a series of strong reverse circulation drilling results from the Pennyweight Point prospect at its Yundamindra Gold Project in Western Australia, including a standout 21 metres at 4.65 grams per tonne gold from an extended hole that now ranks as the deepest on the project. The new assays confirm gold mineralisation from surface over a 350-metre strike to 250 metres depth, remaining open along strike and at depth, prompting the company to accelerate drilling with a second rig and positioning Pennyweight Point as a potential candidate for both open-pit and future underground mining.
The latest program has successfully extended high-grade zones to the west, south and at depth within the main mineralised structure, with several thick intercepts hosting very high-grade internal intervals that build on strong diamond drilling results reported in 2025. These outcomes underpin Arika’s near-term push toward a maiden resource at Pennyweight Point and support its broader strategy to grow the Yundamindra project in the competitive Northeastern Goldfields, with additional assays pending from nearby F1-Fault and Landed at Last prospects expected to sustain news flow for investors.
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 its majority-owned Yundamindra Gold Project in Western Australia’s Northeastern Goldfields. The company is advancing the Pennyweight Point prospect within this project, targeting both near-surface oxide and deeper fresh-rock mineralisation as it moves towards establishing a maiden Mineral Resource Estimate.
YTD Price Performance: 3.03%
Average Trading Volume: 3,717,954
Technical Sentiment Signal: Sell
Current Market Cap: A$37.99M
See more insights into ARI stock on TipRanks’ Stock Analysis page.