Arika Spins its Wheels at F1 Prospect - Justin Barton (ASX: ARI)

Arika Resource (ASX: ARI) has just put out some cracking results from its Yundamindra project in WA’s easter goldfields. The company plans to keep the drill rig turning for many months as it tests any number of compelling targets across the project.

Managing Director Justin Barton is a Chartered Accountant with over 20 years experience in accounting, international finance, M&A and the mining industry. He worked for over 13 years in the Big 4 Accounting firms in Australia and Europe and advised many of the worlds largest mining, oil & gas companies and financial institutions, including Rio Tinto, Chevron, Macquarie, Merrill Lynch, Morgan Stanley and Deutche Bank. Justin also worked for 4 years at Paladin Energy Limited as Group Tax and Finance Manager and advised on their plant construction and mining operations in Africa and their expansion into Canada. More recently, he has worked as the CFO and been a Board Member of a number of junior exploration companies. Mr Barton is currently a Board member of Eneabba Gas Limited and Interposed Holdings Limited.

 

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Produced by Resource Media

 

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The Hole Truth: Mining Investment Podcast is a product of Read Corporate.

Please note that Read Corporate does not provide investment advice and investors should seek personalised advice before making any investment decisions. 

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RESOURCES

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Company Website: https://www.arika.com.au

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INSIGHTS FROM THE EPISODE

Cracking Early Results at F1 Prospect in Yundamindra

• Arika Resources has reported 4m @ 40g/t Au from the first holes drilled at the F1 Prospect, part of the company’s 10,000m campaign at the Yundamindra Gold Project near Laverton, WA.

'Yellow Brick Road' Corridor Hosts Multiple High-Grade Targets

• The F1 Prospect sits within the‘Yellow Brick Road’, a 16km structural corridor with more than 10km of historical gold workings on multiple parallel structures—indicating scale and prospectivity across the project.

Follow-Up at Landed at Last and Pennyweight Point

• Prior intercepts include 14m @ 3g/t Au at Landed at Last and 35m @ 2.5g/t Au at Pennyweight Point, with current drilling expanding on these zones to locate the project’s centre of gravity.

Over 50 High-Priority Targets Identified

• Arika has mapped 50+ high-priority targets across Yundamindra using drone magnetics, soil sampling, and fieldwork—many of which remain completely untested by modern exploration.

Bonaparte and Syncline Prospects Next in Line

• After F1, drilling moved to Bonaparte, followed by the nose of the Yundamindra Syncline, where historical dryblowing and anomalous rock chips hint at further gold-bearing structures beneath shallow cover.