Metalicity Limited ( (AU:ARI) ) has issued an update.
Arika Resources Limited has initiated an accelerated exploration program at its Kookynie Gold Project after an independent review identified numerous unexplored high-priority targets. The review highlighted significant potential for new discoveries and resource growth at existing prospects, such as McTavish, Leipold, and Champion, and identified promising new targets like Ithaca, Wandin, and Mulga Plum. The company has completed soil and auger sampling programs at these sites, with initial assay results expected soon, and plans to commence drilling at high-priority targets. This development marks a renewed focus on Kookynie, which, despite its historical significance, has seen minimal modern exploration, offering strong potential for future discoveries.
More about Metalicity Limited
Arika Resources Limited is a company operating in the mining industry, primarily focusing on gold exploration and production. The company is involved in projects such as the Kookynie Gold Project and Yundamindra Gold Project, located in the Eastern Goldfields mining district of Western Australia.
Average Trading Volume: 6,706
Technical Sentiment Signal: Buy
Current Market Cap: €10.61M
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