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Can Arika’s New Drilling Unlock Hidden Gold at Pennyweight Point?
10:32am on Monday 27th of October, 2025 AEDT
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Mining
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Can Arika’s New Drilling Unlock Hidden Gold at Pennyweight Point?
10:32am on Monday 27th of October, 2025 AEDT
Key Points
5,000m Reverse Circulation drilling commenced at Pennyweight Point
Recent IP, magnetic, and gravity surveys refined gold targets
Focus on extending high-grade mineralisation and testing new 'blind' targets
Joint venture with Nex Metals – Arika holds 80%, Nex Metals 20%
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