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The latest update is out from Metalicity Limited ( (AU:ARI) ).
Arika Resources Limited has announced significant findings from its maiden drilling at the Yundamindra Gold Project, specifically in the ‘Red Brick Road’ corridor south of Pennyweight Point. The results, which include high-grade gold mineralization, validate the company’s targeting approach and highlight the potential of the eastern Pennyweight Point structural corridor. This discovery positions Arika for further exploration opportunities and potential resource definition, enhancing its prospects in the gold mining sector.
More about Metalicity Limited
Arika Resources Limited is a company operating in the mining industry, focusing on gold exploration and development. It is involved in the Yundamindra Gold JV Project located in the Northeastern Goldfields mining district of Western Australia, where it targets significant gold mineralization through extensive drilling programs.
Average Trading Volume: 3,524,952
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$29.26M
For an in-depth examination of ARI stock, go to TipRanks’ Overview page.