REG - Arkle Resources PLC - New Prospecting Licence Awarded in Botswana

Arkle ResourcesAnnouncement

Wed 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250709:nRSI2358Qa&default-theme=true

RNS Number : 2358Q  Arkle Resources PLC  09 July 2025

9 July 2025

 

 

 

Arkle Resources PLC

("Arkle" or the "Company")

 

New Prospecting Licence Awarded in Botswana

 

Arkle Resources (AIM: ARK) is pleased to announce that it has been awarded a
prospecting licence in the Makgadikgadi Salt Pans in Northeastern Botswana.
The licence PL 0238/2025 covers 775sq km and is adjacent to the Company's two
existing licences covering 837sq km. The objective of the prospecting is to
discover lithium in the brines. Work completed by Arkle to date has identified
depths of brines across the ground. Lithium was identified in all samples as
well as significant magnesium grades.

 

John Teeling, Chairman, commented: "Lithium is designated as a "critical
metal" meaning there is an imbalance between expected future supply and
demand. Explorers are turning from discovering and developing hard rock
lithium to lithium brines mainly in salt pans. Technology is advancing in this
area particularly in recoveries from the brines. Work done to date on our
ground has discovered lithium traces and good grades of magnesium. The new
extraction technology for lithium also recovers the magnesium. We have a plan
to drill our two existing licences which will be revised following the award
of this new licence."

 

 

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
 Mollie McLernon
 Molly Mooney

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCPKFBQPBKDOOK