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Nex Metals Explorations Ltd ( (AU:NME) ) just unveiled an update.
Arika Resources Limited, operating in the Northeastern Goldfields mining district of Western Australia, focuses on gold exploration and development. The company is actively engaged in the Yundamindra Gold JV Project, where it aims to explore multiple known and newly defined gold targets. The latest drilling results from the Yundamindra Gold Project have revealed significant gold mineralization in the ‘Red Brick Road’ corridor, south of Pennyweight Point. This discovery validates Arika’s targeting approach and highlights the potential for substantial gold deposits outside known areas. The company is continuing its extensive drilling program, with assays awaited for additional holes, and is optimistic about the project’s potential to define new resources, enhancing value for shareholders.
More about Nex Metals Explorations Ltd
Average Trading Volume: 152,888
Technical Sentiment Signal: Sell
Current Market Cap: A$7.04M
Find detailed analytics on NME stock on TipRanks’ Stock Analysis page.