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Arika Resources Limited (ASX:ARI)

ALERT: Price-sensitive ASX Announcement for ARI
Current share price for ARI : $0.033 -0.001 (-2.94%)+
Announcement
Release
29 Oct 2025 9:52AM
Price at Release
$0.034
Full Release
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Summary
Arika Resources Limited (ASX: ARI) has reported significant results from its maiden drilling in the Red Brick Road corridor, south of Pennyweight Point at the Yundamindra Gold Project in Western Australia. The drilling campaign, which began in June, aimed to extend the known gold occurrences and explore new targets in the area. The results include high-grade gold assays, notably 4m at 9.21g/t Au, indicating substantial potential for further gold mineralisation. Over 16,500 meters have been drilled with ongoing assays expected. The project is a joint venture with Nex Metals, with Arika holding an 80% stake. The exploration aligns with the company's strategy to expand gold resources in the Yundamindra region, which is situated in the prolific Laverton Greenstone Belt.
Key Points
  • Significant shallow gold mineralisation discovered in maiden drilling south of Pennyweight Point.
  • Key assay result includes 4m at 9.21g/t Au, confirming high-grade mineralisation.
  • Drilling campaign targets the Red Brick Road corridor in the Yundamindra Gold Project.
  • Over 16,500 meters drilled to date with ongoing exploration and assay results pending.
  • Arika holds 80% in a joint venture with Nex Metals for the Yundamindra Project.
  • The project is located in the Laverton Greenstone Belt, renowned for substantial gold deposits.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.