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Metalicity Limited ( (AU:ARI) ) has issued an announcement.
Arika Resources Limited has recommenced Phase 2 drilling at its Pennyweight Point prospect, part of the Yundamindra Gold Project in Western Australia, after a holiday break. The drilling program aims to explore mineralization extensions at depth and along strike, supported by promising results from previous campaigns. The system remains open and untested in many areas, suggesting significant potential for expansion. Concurrently, the company is reviewing its Kookynie Gold Project to identify high-priority targets for future drilling, anticipating substantial developments in both projects in the coming months.
More about Metalicity Limited
Arika Resources Limited is a company operating in the gold mining industry, focusing on exploration and development projects. The company is actively engaged in the Yundamindra Gold Project located in the Laverton District of Western Australia, with a significant emphasis on expanding its gold prospects through drilling and geological assessments.
YTD Price Performance: 8.33%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €9.92M
See more insights into ARI stock on TipRanks’ Stock Analysis page.
