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Metalicity Limited ( (AU:ARI) ) has issued an update.
Arika Resources has entered into a binding agreement to acquire the remaining 20% interest in the Yundamindra and Kookynie gold projects from Nex Metals, moving to full ownership of its flagship Western Australian assets. The transaction, to be completed via subsidiary KYM Mining, includes a mix of cash, escrowed shares and milestone-based deferred shares, and will terminate existing joint venture arrangements once customary shareholder and regulatory approvals are obtained. Management says consolidating 100% of the projects will simplify operations, enhance strategic flexibility and allow accelerated exploration across highly prospective tenements that have already returned strong drilling results at Yundamindra’s Pennyweight Point prospect. With drilling restarted in early January, assays pending from late-2025 and current programs, and work progressing toward a maiden mineral resource estimate, the deal positions Arika for an active 2026 exploration campaign and is framed by the company as a value-accretive step for shareholders in a competitive Leonora district.
The most recent analyst rating on (AU:ARI) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Metalicity Limited stock, see the AU:ARI Stock Forecast page.
More about Metalicity Limited
Arika Resources Limited is an Australian gold exploration and development company focused on its flagship Yundamindra and Kookynie gold projects in the Leonora-Laverton region of Western Australia. These projects include multiple granted mining leases in the northern Goldfields, are close to existing infrastructure such as main roads and operating mills, and target high-grade gold mineralisation within one of the world’s premier gold provinces.
YTD Price Performance: -3.03%
Average Trading Volume: 2,652,994
Technical Sentiment Signal: Sell
Current Market Cap: A$35.76M
For detailed information about ARI stock, go to TipRanks’ Stock Analysis page.