REG - Arkle Resources PLC - Drilling Update on the Stonepark Zinc Project

Arkle ResourcesAnnouncement

15/01/2025 11:00

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RNS Number : 4294T  Arkle Resources PLC  15 January 2025

 

15 January 2025

 

Arkle Resources PLC

 

("Arkle" or the "Company")

 

Drilling Update on the Stonepark Zinc Project in Limerick

Arkle Resources PLC (AIM:ARK), has been informed by its partner and operator
at Stonepark, Group Eleven Resources Corp ("Group Eleven"), that the recent
drilling programme is complete. Three holes totalling 1,372 metres were
drilled across the southern part of the Stonepark block.

The drilling by Group Eleven is part of a larger ongoing drilling campaign
focused mainly on the Carrickittle and Ballywire licences adjacent to
Stonepark, both of which are owned by Group Eleven.

The drill holes are being analysed, and results will be announced in due
course.

Arkle has decided not to finance its share of this drilling campaign from its
cash resources. As a result, Arkle's interest in the Stonepark project is
expected to reduce from 23.44% to 22.36%, with Group Eleven holding the
remaining balance of 77.64%.

 

Market Abuse Regulation (MAR) Disclosure

 

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.

 

 

 

 

 

 

ENDS

 

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                        +44 (0) 203 470 0470
 Adam Cowl

 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

 

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