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Arika Resources Limited (ASX:ARI)

ALERT: Price-sensitive ASX Announcement for ARI
Current share price for ARI : $0.030 0.009 (42.86%)+
Announcement
Release
20 Jul 2026 9:56AM
Price at Release
$0.021
Full Release
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Summary
Arika Resources Limited has announced a successful phase of its ongoing drilling campaign at the Yundamindra Gold Project in Western Australia. The campaign, which resumed in January 2026, has completed 100 RC holes over nearly 15,000 meters. The focus is on confirming the continuity of gold mineralization over a 2.5km strike length in the 'Yellow Brick Road' and 'Red Brick Road' corridors. Significant gold intercepts have been reported, and the project is situated in the Laverton Greenstone Belt, renowned for its rich gold resources. The company is moving towards 100% ownership of the Yundamindra project.
Key Points
  • Arika Resources Limited has resumed a major drilling campaign at the Yundamindra Gold Project in Western Australia.
  • The project has seen significant progress with 100 Reverse Circulation (RC) holes completed, totaling nearly 15,000 meters of drilling.
  • The drilling aims to explore the continuity of gold mineralization along known structures in the area, particularly the 'Yellow Brick Road' and 'Red Brick Road' corridors.
  • Significant shallow gold intercepts have been reported, confirming the continuity of mineralization over a 2.5km strike length.
  • The project is located within the Laverton Greenstone Belt, a region known for its rich gold deposits.
  • Arika is working towards a full ownership of the Yundamindra Gold Project, with an agreement to move from 80% to 100% ownership.
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.