ARIKA RESOURCES LIMITED — Capital/Financing Update 2015

Mar 11, 2015

Level 9 575 Bourke Street Melbourne VIC 3000 Phone: +61 3 9606 3888 | Fax: +61 8 9606 3800

ASX Code: PLD 12 March 2015

Rocky Gully Nickel-Copper Exploration Commences

• Rocky Gully North (E70/4622), which is 100% owned by PLD, has been granted by the Department of Mines and Petroleum (DMP).

• Rocky Gully North hosts 8 bedrock EM Conductors and is considered prospective for Novatype Nickel-Copper Sulphide deposits and Trilogy type Copper-Zinc VMS deposits

• The N1-N9 Nickel-Copper Targets consist of EM conductors and nickel and copper geochemical anomalies

• The C1 VMS Copper-Zinc Target strike length exceeds 3.5km, covering a Magnetic sequence, an EM conductor and extensive copper and zinc anomalies

• Exploration commenced including geological surveys, soil sampling and drill planning

PLD Corporation Limited ( ASX:PLD ) (“ PLD ” or “ the Company ”) advises that the Rocky Gully North Tenement E70/4622 (100% PLD; covering 173km[2] ) has been granted and exploration has commenced on Copper-Zinc and Nickel-Copper targets, located in the Albany Fraser Belt, WA.

The bedrock EM Conductors identified at Rocky Gully North are considered to have the potential for Nova-type massive Nickel-Copper Sulphides, Trilogy-type Volcanic Massive Sulphide (VMS)/SEDEX deposits, all of which occur elsewhere in the same geological terrain.

N1, N2 and N3 and other Nickel-Copper Targets

The N1, N2 and N3 Nickel Copper targets have been identified from historical geochemical sampling, with anomalous Nickel values up to 750ppm and work has commenced to progress these targets to drill ready status including geochemical, geological and geophysical evaluation.

The remaining EM conductors (N4-N9) are considered prospective for massive sulphide and/or graphite mineralisation, and been prioritized for soil sampling, ground EM and drilling. Work is underway to progress these targets to drill ready status including a program of geochemical, geological and geophysical evaluation (Figure 2).

The C1 and C2 Copper-Zinc Targets

The C1 and C2 Copper-Zinc Target at Rocky Gully North (Figure 3), is interpreted to represent a metamorphosed feeder system to a VMS Copper-Zinc deposit hosted in Proterozoic-aged rocks of the Biranup Complex. The prospective strike length of the C1 target exceeds 3.5km, defined by a magnetic sequence, an EM Conductor which may represent sulphides, surface sampling and shallow aircore drilling, which generated intercepts up to 550ppm Cu and 1,650ppm Zn.

Based on previous exploration the Copper-Zinc mineralisation appears open at depth and along strike, as peak copper values and mineralisation are at end of holes, or at end of fences of holes, while no drilling has previously been undertaken beneath 40m of the weathered bedrock.

Level 9 575 Bourke Street Melbourne VIC 3000 Phone: +61 3 9606 3888 | Fax: +61 8 9606 3800

Figure 1. Albany Fraser Nickel, Copper and Gold Belt

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Figure 2. Rocky Gully North 18 Bedrock EM Conductors

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N4
N9
N5
N6
N8
C1
N7
C2
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Level 9 575 Bourke Street Melbourne VIC 3000 Phone: +61 3 9606 3888 | Fax: +61 8 9606 3800

For more information:

Matthew Gauci Managing Director +61 417 417 907

David Tasker Professional Public Relations T: +61 8 9388 0944

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Competent Persons Statement

The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the ‘JORC Code’) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves. The Information contained in this announcement has been presented in accordance with the JORC Code and references to “Measured, Indicated and Inferred Resources” are to those terms as defined in the JORC Code.

Information in this report relating to Exploration results is based on information compiled by Mr Mathew Longworth who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Longworth has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Longworth consents to the inclusion of the data in the form and context in which it appears.