4m at 9.21g/t Au Including 1m at 35.3g/t Au Confirmed in New Yundamindra Targets

Exploration Breakthrough at Yundamindra

Arika Resources Limited (ASX – ARI) has announced compelling results from its maiden drilling campaign targeting new geophysical anomalies at the Yundamindra Gold Project in Western Australia. The focus has been on the recently defined "Red Brick Road" corridor, located approximately 2km south of the established Pennyweight Point prospect. Early reconnaissance drilling has intersected significant shallow gold mineralisation, including a standout intercept of 4 metres at 9.21 grams per tonne gold, highlighted by an exceptional 1 metre interval grading 35.3 grams per tonne.

This discovery not only confirms the validity of Arika’s geophysical targeting approach but also underscores the potential of the eastern structural corridor to host substantial gold mineralisation beyond previously known zones. The results come on the heels of a broader drilling program that has now completed around 16,500 metres, with assays still awaited for 40 holes, indicating that further exciting updates are imminent.

Strategic Positioning in a World-Class Gold District

The Yundamindra Project is situated within the renowned Laverton Greenstone Belt, a prolific gold-producing region that hosts major mines such as Sunrise Dam and Wallaby. Arika holds an 80% interest in the project through a joint venture with Nex Metals, acting as project manager. The area’s geological setting features two major structural corridors, the western “Yellow Brick Road” and the eastern “Red Brick Road”, each anchored by advanced prospects with near-term resource potential.

Drilling along the Red Brick Road has focused on testing strike and depth extensions at Pennyweight Point, where gold mineralisation has been confirmed from surface to depths of around 200 metres over at least 150 metres of strike. The recent results from first-pass drilling at new geophysical targets, including the Bound to Rise workings, have revealed multiple significant gold intercepts hosted within basalt and granite contact zones, often associated with elevated silver and copper.

Ongoing Drilling and Future Prospects

Arika’s Managing Director, Justin Barton, emphasized the technical strength of the targets and the quality of the results, noting that the initial intercepts validate the company’s targeting methodology and highlight the scale of the exploration opportunity. The company is currently undertaking close-spaced deposit definition drilling at Pennyweight Point to better understand mineralisation controls and to confidently extend the resource footprint.

Further drilling is planned to test additional targets along the Red Brick Road trend, refined by recent geophysical surveys. The company’s systematic approach aims to unlock multiple high-grade gold targets within both the eastern and western corridors, offering a robust pipeline of exploration prospects with potential for near-term resource definition.

Technical Rigor and Exploration Integrity

The drilling program employs industry-standard reverse circulation techniques with rigorous sampling and quality control procedures. Assays are conducted by Intertek Laboratories, ensuring reliable and representative data. The company’s technical team, led by experienced geologists, continues to refine interpretations and integrate geophysical, geochemical, and geological data to guide ongoing exploration efforts.

While the results are preliminary and assays for many holes remain outstanding, the early success at the Red Brick Road corridor adds a compelling chapter to Arika’s exploration story at Yundamindra, positioning the project as a significant player in one of Australia’s richest gold provinces.