Metalicity Limited (AU:ARI) has released an update.
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Arika Resources Limited has reported promising results from its latest drilling at the Yundamindra Gold Project, with significant gold intercepts at the Pennyweight Point prospect indicating a potential for substantial mineralization. The company has also completed a 10:1 share consolidation and rebranding, strengthening its position in the capital markets with successful capital raising efforts. Furthermore, Arika has expanded its interest in a joint venture to 80%, marking a significant milestone in its corporate developments.
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