Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
The latest update is out from Metalicity Limited ( (AU:ARI) ).
Arika Resources Limited has identified significant new gold targets at its Ithaca Prospect within the Kookynie Gold Project in Western Australia. The discovery of 10 new priority targets, particularly along the Orient Well structures, suggests potential for substantial gold mineralization. The company plans to commence drilling upon receiving necessary regulatory approvals, with initial assay results from other surveys expected soon. This development could enhance Arika’s positioning in the gold exploration sector, potentially benefiting stakeholders by increasing the project’s value and future production prospects.
More about Metalicity Limited
Arika Resources Limited (ASX: ARI) is a company operating in the mining industry, focusing on gold exploration and development. The company has an 80% stake in the Kookynie Gold Project, located in the North-Eastern Goldfields mining district of Western Australia, a region known for its rich mineral resources.
YTD Price Performance: 22.22%
Average Trading Volume: 4,474,292
Technical Sentiment Signal: Sell
Current Market Cap: A$23.42M
Learn more about ARI stock on TipRanks’ Stock Analysis page.