REG - Arkle Resources PLC - Update on Botswana Lithium Exploration

Arkle ResourcesAnnouncement

25/07/2024 07:00

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RNS Number : 7179X  Arkle Resources PLC  25 July 2024

 

 

25 July 2024

 

Arkle Resources PLC

 

("Arkle" or the "Company")

 

Update on Botswana Lithium Exploration

 

Arkle Resources PLC (AIM:ARK), is pleased to provide an update on its lithium
exploration programme in Botswana.

 

The four wide spaced TEM (Transient Electromagnetic) lines have been completed
across the two Makgadikgadi blocks, which cover almost 1,000 sq kms. Analysis
of the results indicate the presence over the blocks of a conductive layer
averaging 30 metres deep. This is expected to be brines.

 

Samples of the brines will be collected and analysed for lithium content.

 

John Teeling, Chairman of Arkle, commented "We are very pleased with this
outcome. The TEM lines have indicated a structure across the blocks which
averages 30 metres in depth. All indications are the structure is composed of
brines. Now we need to sample the brines to see if they contain lithium.
Sample collecting will commence shortly."

 

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
 Alan Tyrrell
 Fia Long
 Alan Reynolds

 

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