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An update from Nex Metals Explorations Ltd ( (AU:NME) ) is now available.
Arika Resources Limited has initiated an accelerated exploration program at its Kookynie Gold Project in Western Australia, following an independent review that identified numerous unexplored priority targets. The review highlighted the potential for new discoveries and resource growth at existing prospects like McTavish, Leipold, and Champion, as well as at historical mines such as Cosmopolitan and Altona. Initial soil and auger sampling programs have been completed at high-priority targets, with drilling expected to follow. This move aims to revitalize the Kookynie Project, which has seen minimal modern exploration, and aligns with Arika’s strategy to expand its exploration activities alongside ongoing work at the Yundamindra Gold Project.
More about Nex Metals Explorations Ltd
Arika Resources Limited (ASX: ARI) is a mining company primarily engaged in gold exploration. The company focuses on projects in the Eastern Goldfields mining district of Western Australia, with significant interests in the Kookynie and Yundamindra Gold Projects.
YTD Price Performance: -27.50%
Average Trading Volume: 124,861
Technical Sentiment Signal: Sell
Current Market Cap: A$9.5M
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