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 |
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| SP Angel Corporate Finance LLP | |
| Matthew Johnson | +44 (0) 203 470 0470 |
| Adam Cowl | |
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| First Equity Limited | |
| Joint Broker | |
| Jason Robertson | +44 (0) 207 374 2212 |
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| BlytheRay | +44 (0) 207 138 3204 |
| Megan Ray | |
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| Teneo |
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| Luke Hogg | +353 (0) 1 661 4055 |
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