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Arika Resources Limited (ASX:ARI)

ALERT: Price-sensitive ASX Announcement for ARI
Current share price for ARI : $0.033 0.008 (32%)+
Announcement
Release
31 Jul 2026 9:35AM
Price at Release
$0.025
Full Release
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Summary
Arika Resources Limited (ARI) released its Quarterly Activities Report for the period ending 30 June 2026, highlighting significant exploration activities at its Yundamindra and Kookynie Gold Projects in Western Australia. The company completed 100 drill holes totaling approximately 15,000 meters at Yundamindra, focusing on the 'Landed at Last' area, which demonstrated continuous gold mineralisation over a 2.5 km strike. Notable results from the 'F1' prospect included intercepts of 57m at 1.42g/t gold. Arika also secured a co-funding grant of $211,000 from the Western Australian Government for drilling at Kookynie. Financially, the company reported a net cash decrease of $3,445,000 for the quarter, ending with $572,000 in cash on hand. Subsequent to the quarter-end, Arika raised approximately $6.55 million through a placement to fund further exploration and working capital.
Key Points
  • Completion of 100 drill holes for 15,000 meters at Yundamindra.
  • Continuous mineralisation over a 2.5 km strike at 'Landed at Last'.
  • Significant drill intercepts including 57m at 1.42g/t gold at 'F1'.
  • Award of $211,000 co-funding grant for Kookynie drilling.
  • Net cash decrease of $3,445,000, ending with $572,000 cash.
  • Post-quarter $6.55 million raised via placement for further exploration.
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.