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Nex Metals Explorations Ltd ( (AU:NME) ) has issued an update.
Arika Resources Limited, operating in the gold exploration industry, has announced significant developments at its Yundamindra Gold JV Project in Western Australia. The company has discovered a new wide gold lode at the F0 Prospect, part of the Landed at Last area, and confirmed depth extensions at the Queen of Poland and Banjo’s Camp Prospects. These findings highlight the potential for further discoveries and expansion of the gold system in the region, enhancing Arika’s positioning in the gold exploration sector. The ongoing drilling campaign, supported by a recent capital raise, aims to explore multiple gold targets, with assays for 40 holes still pending.
More about Nex Metals Explorations Ltd
Average Trading Volume: 140,657
Technical Sentiment Signal: Sell
Current Market Cap: A$7.38M
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