Arika Resources Accelerates WA Gold Exploration with $5M Boost and New Targets

Exploration Momentum Builds at Yundamindra

Arika Resources Limited has significantly ramped up its exploration efforts at the Yundamindra Gold Project in Western Australia, commencing an expanded 10,000-metre drilling program combining air-core, reverse circulation, and diamond drilling techniques. This campaign aims to extend recent encouraging high-grade gold intercepts at the Landed at Last and Pennyweight Point prospects, where previous drilling revealed substantial mineralisation, including intercepts such as 35.76 metres at 2.14 grams per tonne gold and 14.8 metres at 3.1 grams per tonne.

Drilling is currently active at Yundamindra, with initial assay results anticipated shortly. The program will subsequently shift focus to the Kookynie Gold Project, reflecting a strategic approach to advancing multiple assets concurrently.

Leveraging Technology, Drone Magnetics and 3D Modelling

Complementing the drilling, Arika has deployed drone-supported airborne magnetics surveys over key areas, including Pennyweight Point and the structurally complex southern 'nose' of the Yundamindra Synform. These surveys, analyzed by specialist consultants Core Geophysics, are designed to enhance understanding of subsurface structures and guide targeted soil geochemical sampling and future drill programs.

At Kookynie, a detailed 3D geological review of historic high-grade deposits such as Cosmopolitan and Diamantina is well advanced. This work has generated a pipeline of new drill targets, with soil geochemical programs recently completed across the Ithaca, Wandin, and Mulga Plum prospects. Notably, ultrafine soil sampling has identified 10 new priority targets at Ithaca and 17 at Mulga Plum, underscoring the project's exploration upside.

Financial Strengthening and Corporate Update

Supporting this exploration acceleration, Arika successfully completed a $5 million placement, including a $0.7 million commitment from directors, bolstering its cash reserves to approximately $3.6 million at quarter-end. Exploration expenditure for the quarter was $1.25 million, reflecting the company's active field programs.

Arika's Managing Director, Justin Barton, highlighted the company's progress and outlook, "The June Quarter has seen extensive work at both Yundamindra and Kookynie, building on recent drilling successes and expanding our target pipeline. With the strong support from shareholders and institutions through our recent capital raise, we are well-positioned to deliver regular results and news flow through the second half of 2025."

Outlook, Advancing Multiple Fronts

Looking ahead, Arika plans to commence drilling at Kookynie once all regulatory approvals, including heritage surveys, are secured. The company continues to review and interpret historical data, aiming to unlock the potential of under-explored high-grade deposits. Meanwhile, the Admiral Bay Project remains available for divestment, and exploration on Queensland projects is on hold as focus remains on Western Australian assets.

With a robust exploration pipeline, enhanced geological understanding, and solid financial footing, Arika Resources is set for an active and potentially transformative period as it seeks to expand its gold resource base in two prolific Western Australian goldfields.