Arika Resources Identifies Gold Lode at Western Australia Gold Joint Venture Project

MT Newswires Live

2025/10/02

Arika Resources (ASX:ARI) said exploration and drilling at the Yundamindra gold joint venture project in Western Australia resulted in the discovery of a new gold lode at the F0 prospect, according to a Thursday Australian bourse filing.

Drilling across the project encountered intercepts of 15 meters at 1.67 grams per tonne grade of gold from 56 meters, as well as 29 meters at 1.02 g/t grade of gold from 35 meters.

The project is a joint venture between Arika Resources and Nex Metals Exploration (ASX:NME), with Arika holding an 80% stake and Nex Metals a 20% stake. Arika acts as the project manager.

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