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An update from Metalicity Limited ( (AU:ARI) ) is now available.
Arika Resources Limited has commenced a significant 10,000-meter drilling program at its Yundamindra Gold Project in Western Australia, following a successful capital raise. The program, which has been expanded from an initial 6,000 meters, aims to explore high-priority targets at the Landed at Last and Pennyweight Point prospects. The drilling will utilize a multi-purpose rig for increased target testing and is expected to continue throughout the year, providing consistent updates to stakeholders. This initiative is part of a broader strategy to explore the underexplored ‘Yellow Brick Road’ corridor and other high-priority targets, potentially enhancing the company’s position in the gold exploration sector.
More about Metalicity Limited
Arika Resources Limited (ASX: ARI) is a company engaged in the exploration and development of mineral resources, primarily focusing on gold projects. The company holds an 80% stake in the Yundamindra Gold Project located in the Northeastern Goldfields of Western Australia, with the remaining 20% owned by Nex Metals (ASX: NME).
YTD Price Performance: 40.74%
Average Trading Volume: 5,010,637
Technical Sentiment Signal: Sell
Current Market Cap: A$31.31M
For a thorough assessment of ARI stock, go to TipRanks’ Stock Analysis page.