Arika Reports 2.5km Continuous Gold Mineralisation and Raises $5.7M

Expanding Gold Footprint at Yundamindra

Arika Resources Limited (ASX, ARI) has delivered a compelling update on its December 2025 quarter activities, highlighting substantial progress at its flagship Yundamindra Gold Project in Western Australia. The company’s drilling campaign has delineated continuous shallow gold mineralisation extending over at least 2.5 kilometres at the Landed at Last prospect within the Western Corridor, dubbed the “Yellow Brick Road” (YBR). This discovery marks a significant milestone, positioning the zone as a prime candidate for a maiden Mineral Resource estimate in the near term.

Step-out drilling at the Queen of Poland prospect, located 500 metres north of Landed at Last, has further reinforced the project's potential with consistent gold intercepts. Meanwhile, the Eastern Corridor or “Red Brick Road” (RBR) has revealed promising depth extensions at Pennyweight Point, with mineralisation confirmed to at least 250 metres vertical depth and remaining open at depth and along strike.

New Targets and Strategic Focus

Beyond these established prospects, Arika has identified 20 new high-priority targets within the ‘Emerald City’ area at Yundamindra South, an area that accounts for nearly half of the project tenure but has seen little modern exploration. This target generation was enabled by recently acquired high-resolution Total Magnetic Intensity (TMI) geophysical data, which has refined the understanding of the region’s structural geology and mineralisation controls.

In parallel with exploration advances, Arika has strategically divested its non-core Admiral Bay Zinc Project in Western Australia for $1.15 million in cash. This move aligns with the company’s sharpened focus on gold assets, particularly Yundamindra and the adjacent Kookynie Gold Project, where exploration activities are intensifying.

Capital Raising and Financial Position

Supporting its exploration ambitions, Arika successfully completed a $5.7 million share placement during the quarter, which was significantly oversubscribed and attracted strong interest from both new and existing sophisticated investors, including Australian institutions. The funds are earmarked to accelerate drilling and resource definition programs across its Western Australian gold projects.

At quarter end, the company reported cash reserves of approximately $4.87 million, with exploration expenditure of $3.33 million during the period. This financial footing, combined with ongoing drilling results, sets a positive foundation for Arika’s exploration trajectory in 2026.

Looking Ahead

Arika’s Managing Director Justin Barton emphasised the steady stream of encouraging results across all key areas of Yundamindra, noting the continuity and scale of mineralisation along both the Yellow and Red Brick Roads. The company plans to continue its aggressive drilling campaign, including deeper diamond drilling at Pennyweight Point to better define high-grade zones and extend mineralisation boundaries.

With a robust pipeline of targets, a strengthened balance sheet, and a clear strategic focus, Arika Resources is positioning itself to unlock significant value from its Western Australian gold assets in the coming months.