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Metalicity Limited ( (AU:ARI) ) has issued an update.
Arika Resources Limited has announced the acquisition of a strategic portfolio of gold exploration tenements in the Kookynie area of the Leonora district, Western Australia. This acquisition significantly expands Arika’s exploration footprint to approximately 150 square kilometers, making it one of the major landholders in the district, second only to Genesis Minerals. The newly acquired tenements, which have been under-explored for over 20 years, offer compelling exploration potential with historical high-grade gold drill intercepts. This strategic move is expected to enhance Arika’s growth strategy and strengthen its position in the competitive Leonora district, providing a major boost to its exploration efforts.
More about Metalicity Limited
Arika Resources Limited is a company operating in the mining industry, primarily focused on gold exploration and development. The company has a significant presence in the Northeastern Goldfields of Western Australia, particularly in the Leonora district, where it is expanding its exploration footprint.
YTD Price Performance: 55.56%
Average Trading Volume: 3,449,027
Technical Sentiment Signal: Sell
Current Market Cap: A$36.18M
For detailed information about ARI stock, go to TipRanks’ Stock Analysis page.