Arika Resources Strikes Bonanza Gold Grades and Expands WA Exploration Footprint
Arika Resources has reported exceptional high-grade gold intercepts at its Yundamindra project and expanded its exploration tenure near Kookynie, signalling significant growth potential in Western Australia’s goldfields.
- Expanded drilling campaign exceeds 13,000m at Yundamindra with bonanza-grade intercepts
- High-grade gold results at F1 Fault and Great Bonaparte East prospects confirm growth potential
- Four new high-priority ‘blind’ gold targets identified at Pennyweight Point via geophysical surveys
- Acquisition of ~108km of exploration tenure near Kookynie increases footprint to ~150km
- Experienced geologist Steve Vallance appointed Executive Technical Director to lead exploration
Exploration Momentum Builds at Yundamindra
Arika Resources has accelerated its drilling activities at the Yundamindra Gold Project in Western Australia, expanding an initial 10,000-metre Reverse Circulation program to over 13,000 metres by the end of September 2025. The campaign has delivered some standout results, notably at the F1 Fault within the Landed at Last prospect, where assays revealed bonanza-grade gold intercepts including a remarkable 1 metre at 130 grams per tonne from 53 metres depth.
These results extend the known mineralisation over at least 800 metres of strike and 200 metres down-dip, with the structure remaining open for further expansion. Step-out drilling at the nearby Great Bonaparte East prospect also returned encouraging intercepts, showing increasing thickness and grade at depth, suggesting a potential strike extension of the Landed at Last mineralisation.
New Targets and Advanced Geophysical Insights
Complementing the drilling success, Arika completed ultra-detailed airborne magnetic and ground gravity surveys over the Pennyweight Point area, identifying four new high-priority ‘blind’ gold targets beneath shallow cover. These targets share geophysical and geochemical signatures consistent with known mineralisation, yet remain untested by drilling. The company plans to refine these targets further with induced polarisation surveys before drill testing as part of the ongoing campaign.
Strategic Tenure Acquisition at Kookynie
In a significant strategic move, Arika secured approximately 108 kilometres of highly prospective exploration tenure from Iris Metals in the Leonora district, adjacent to its existing Kookynie Gold Project. This acquisition increases Arika’s footprint in the area to around 150 kilometres, positioning it as one of the largest landholders in the district, second only to Genesis Minerals. The newly acquired ground lies immediately south of Genesis’s Ulysses Gold Project, linking key mineralised trends and offering fresh exploration opportunities in a historically underexplored region.
Leadership and Financial Position
To steer its expanding exploration programs, Arika appointed Steve Vallance as Executive Technical Director. Vallance brings over 35 years of experience, including leading major discoveries in Western Australia’s gold and nickel sectors. Financially, the company ended the quarter with $2.1 million in cash, supported by ongoing option exercises and a binding agreement to divest the Admiral Bay project, expected to provide further funding.
Arika’s focused approach on its Western Australian gold assets, combined with strong assay results and strategic land acquisitions, underscores its potential to deliver significant shareholder value as it advances its exploration pipeline.
Bottom Line?
With high-grade results and expanded tenure, Arika is poised for a pivotal phase of exploration growth in WA’s goldfields.
Questions in the middle?
- How will upcoming assay results from Kookynie drilling influence Arika’s resource potential?
- What are the timelines and expected impact of the Admiral Bay project divestment on funding?
- Can the new ‘blind’ targets at Pennyweight Point deliver a breakthrough discovery?
