REG - Arkle Resources PLC - Award of New Lithium Brines Licences

Arkle ResourcesAnnouncement

15/12/2023 07:00

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RNS Number : 8985W  Arkle Resources PLC  15 December 2023

15 December 2023

 

Arkle Resources PLC

 

("Arkle" or the "Company")

 

Award of New Lithium Brines Licences

 

Highlights

 

-     Two licences awarded in the Makgadikgadi Salt Pans of Botswana

-     Arkle to begin prospecting for lithium brines in early 2024

 

Arkle Resources (AIM:ARK) is pleased to announce that it has been awarded two
exploration licences in the Makgadikgadi Salt Pans in North Eastern Botswana.
The licences, PL 075/2023 and PL 0148/2023, cover 312 and 525 sq kilometres
respectively in size.

 

The licences are awarded to prospect for lithium in the Salt Pans. There is
very little known about the potential for lithium brines in the vast
Makgadikgadi Salt Pans. Early-stage prospecting work will begin in early 2024.

 

John Teeling, Chairman, commented: "We are really pleased to have been awarded
these two large licences in the Makgadikgadi Salt Pans. We now have three
lithium exploration projects, one in Ireland, one in Zimbabwe, both hard rock,
and now in Botswana which is a lithium brines project. Initial work will focus
on analysis of the very limited exploration data, followed by prospecting to
identify targets for drilling."

 

This announcement has been reviewed and approved by Ben Mosigi in his capacity
as the Qualified Person for the purposes of the AIM Note for Mining, Oil and
Gas Companies issued by the London Stock Exchange.

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

 

Enquiries:

 

 Arkle Resources PLC
 John Teeling, Chairman                 +353 (0) 1 833 2833
 Jim Finn, Finance Director             +353 (0) 1 833 2833

 SP Angel Corporate Finance LLP

Nominated Adviser & Joint Broker
 Matthew Johnson/Adam Cowl                +44 (0) 203 470 0470

 First Equity Limited
 Joint Broker
 Jason Robertson                          +44 (0) 207 374 2212

 BlytheRay                                +44 (0) 207 138 3204
 Megan Ray

 Teneo
 Luke Hogg                                +353 (0) 1 661 4055

 

Information for Editors

Arkle is a diversified exploration company with lithium exploration licences
in Ireland, Zimbabwe and Botswana and gold and zinc projects in Ireland.

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