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An update from Nex Metals Explorations Ltd ( (AU:NME) ) is now available.
Arika Resources Limited has identified 17 new high-priority gold targets at its Kookynie Gold Project in Western Australia, using ultrafine soil geochemistry. The targets, located at the Mulga Plum-Jeedamya and Cosmopolitan prospects, indicate potential orogenic gold mineralized systems. The company plans further soil sampling to refine these targets ahead of future drilling, marking an exciting phase of exploration for Arika.
More about Nex Metals Explorations Ltd
Arika Resources Limited is a company operating in the mining industry, primarily focused on gold exploration. The company is involved in the Kookynie Gold Project, located in the North-Eastern Goldfields mining district of Western Australia, and holds an 80% stake in the project, with the remaining 20% owned by Nex Metals.
Average Trading Volume: 127,704
Technical Sentiment Signal: Sell
Current Market Cap: A$8.35M
Find detailed analytics on NME stock on TipRanks’ Stock Analysis page.