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ARIKA RESOURCES LIMITED — Capital/Financing Update 2021
May 19, 2021
64420_rns_2021-05-19_d1b8d3a0-5338-4dc2-841f-6fa9ba938cf3.pdf
Capital/Financing Update
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Address: 45 Guthrie St Osborne Park, WA, 6017 Postal: PO Box 6731 East Perth, WA, 6892, Australia Phone: 61 8 9221 6813 Fax: 61 8 9221 3091 Email: [email protected]
ABN: 63 124 706 449
20 May 2021
The Company Announcements Officer The Australian Securities Exchange Level 40, 152-158 St Georges Terrace Perth WA 6000
Metalicity Ltd advises of Earn-In On The Kookyunie and Yundamindra Gold Projects
Nex Metals Explorations Ltd (Nex or the Company) advises that it has been notified by Metalicity Ltd that they have achieved the required $5 million spend to achieve a 51% earn-in on the Kookynie and Yundamindra tenements (refer to ASX announcement dated 6 May 2019).
Subject to some formalities this will now convert to a Joint Venture.
Metalicity has achieved the spend way ahead of the 5 year target, which is a positive indicator for the project.
Nex looks forward to working with Metalicity to advance the project.
This announcement is approved by authority of the Managing Director, Kenneth Allen.
Yours Faithfully
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Kenneth M Allen