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Metalicity Limited ( (AU:ARI) ) has shared an update.
Arika Resources Limited has announced the recommencement of drilling at its Yundamindra Gold Project, targeting the Pennyweight Point and Landed at Last prospects. The new 6,000-meter drill program aims to test extensions and new prospects, following successful results from previous drilling. This phase will focus on depth and strike extensions, highlighting the significant untapped potential of the prospects. The company plans to expand its drilling efforts to include multiple priority targets identified through recent geophysical and geochemical reviews, marking the beginning of an aggressive exploration phase over the next 12-18 months.
More about Metalicity Limited
Arika Resources Limited is a company operating in the mining industry, primarily focused on gold exploration and development. The company holds an 80% interest in the Yundamindra Gold Project located in the Northeastern Goldfields of Western Australia, with a focus on expanding its gold prospects.
Average Trading Volume: 6,706
Technical Sentiment Signal: Strong Buy
Current Market Cap: €9.26M
Find detailed analytics on ARI stock on TipRanks’ Stock Analysis page.