Metalicity Limited ( (AU:ARI) ) has shared an announcement.
Arika Resources Limited has identified 27 new gold targets at its Yundamindra Gold Project in Western Australia, following a comprehensive review of historical surface geochemical data. The discovery includes high-priority targets at Pennyweight Point and Banjo’s Camp, which have shown significant gold anomalism and remain largely undrilled. This development enhances the project’s potential and positions Arika to further explore these promising areas, with plans for an ultra-detailed airborne magnetic survey and subsequent drill testing once regulatory approvals are obtained.
More about Metalicity Limited
Arika Resources Limited is a company operating in the mining industry, primarily focusing on gold exploration. The company is engaged in identifying and developing gold targets within the Yundamindra Gold Project, located in the eastern goldfields mining district of Western Australia.
Average Trading Volume: 6,706
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €7.78M
Learn more about ARI stock on TipRanks’ Stock Analysis page.