Drilling Update on the Stonepark Zinc Project

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	[phone]
Jim Finn, Finance Director	[phone]
SP Angel Corporate Finance LLP Nominated Adviser & Joint Broker
Matthew Johnson	[phone]
Adam Cowl
First Equity Limited
Joint Broker
Jason Robertson	[phone]
BlytheRay	[phone]
Megan Ray
Teneo
Luke Hogg	[phone]

 

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