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Nex Metals Explorations Ltd ( (AU:NME) ) has issued an update.
Arika Resources Limited has announced the identification of 20 new high-priority gold targets at its Yundamindra South Project, following the interpretation of high-resolution Total Magnetic Intensity data. This development significantly expands the exploration potential of the project, which has not been subjected to modern exploration techniques despite historical workings. The company plans to commence surface geochemical surveys and drilling in early 2026, aiming to capitalize on the project’s promising prospects.
More about Nex Metals Explorations Ltd
Arika Resources Limited (ASX: ARI) is a company operating in the mining industry, focusing on gold exploration. The company is engaged in the exploration of gold deposits within the Yundamindra Gold Project, located in the north-eastern goldfields mining district of Western Australia.
Average Trading Volume: 151,114
Technical Sentiment Signal: Sell
Current Market Cap: A$8.05M
For an in-depth examination of NME stock, go to TipRanks’ Overview page.