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Metalicity Limited ( (AU:ARI) ) has provided an update.
Arika Resources Limited has commenced an upsized 10,000-meter drilling program at its Yundamindra Gold Project to explore new high-priority targets and follow up on recent high-grade intercepts. The company is also advancing its Kookynie Gold Project with geochemical sampling and 3D modeling of historical deposits to identify new drilling targets. A recent $5 million capital raise supports these extensive exploration activities, which are expected to generate significant results and updates throughout the year.
More about Metalicity Limited
Arika Resources Limited is a company operating in the gold mining industry, focusing on exploration and development projects. Its primary projects are the Yundamindra and Kookynie Gold Projects in Western Australia, where it engages in drilling and exploration activities to identify high-grade gold deposits.
YTD Price Performance: 44.44%
Average Trading Volume: 3,917,561
Technical Sentiment Signal: Sell
Current Market Cap: A$32.74M
Find detailed analytics on ARI stock on TipRanks’ Stock Analysis page.