Source - LSE Regulatory
RNS Number : 2789R
Arkle Resources PLC
25 October 2023
 

The following amendments have been made to the 'Granting of new lithium exploration ground' announcement released on 25 October 2023 at 7.00 a.m. under RNS No 1760R:

 

-     The licence areas have all been amended to km2

-     The area of Licence number 2053 has been amended to 54.00km2

 

All other details remain unchanged.

 

The full amended text is shown below.

 

 

25 October 2023

 

Arkle Resources PLC

 

("Arkle" or the "Company")

 

Granting of new lithium exploration ground

 

Arkle (AIM: ARK) is delighted to announce it has been granted a new lithium exploration block north of its Mine River Block in Wicklow/Wexford in Ireland. The new block consists of four prospecting licences for lithium, rare earth elements and other minerals, including gold and platinum. The licences cost a total of €3,000 and Arkle is required to spend a minimum of €10,000 in exploration costs on each licence over the next 24 months. The ground is contiguous with the International Lithium Corp - Gangfeng Lithium Co. Ltd joint venture to the west, where a large zone of lithium bearing pegmatites has been discovered associated with the Leinster Granite Pegmatite Belt. The Directors believe this new ground is fertile for lithium deposits. 

 

Licence number

Area (km2)

415

28.42

3029

32.23

1716

37.36

2053

54.00

New lithium prospecting licences in Ireland

 

John Teeling, Chairman of Arkle, commented: "I am delighted that Arkle has been awarded four licences in Wicklow to prospect for lithium, rare earths and gold, among other minerals. It has long been known that the Leinster granites contain lithium in pegmatites, but little serious exploration has been undertaken. We identified this ground after earlier prospecting by Arkle on our existing licences indicated their prospectivity. It is prime ground which has never been explored for lithium. We will be on the ground in the near future."

 

Background

 

The Aughrim Block is proximal to the known lithium bearing Leinster Granites in the east and contiguous to International Lithium Corp. - Ganfeng Lithium Co. Ltd joint venture where a large zone of lithium bearing pegmatites and aplites has been discovered. Historic exploration dates back to the 1970s for gold, silver and base metals. Despite the ground's proximity to the granites there has been little to no exploration for lithium. 

 

This announcement has been reviewed and approved by Gavin Berkenheger (CGeol) in his capacity as the Qualified Person for the purposes of the AIM Note for Mining, Oil and Gas Companies issued by the London Stock Exchange.

 

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.

 

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/Adam Cowl

  +44 (0) 203 470 0470



First Equity Limited


Joint Broker


Jason Robertson

  +44 (0) 207 374 2212



BlytheRay


Megan Ray

 +44 (0) 207 138 3204



Teneo

 

Luke Hogg

  +353 (0) 1 661 4055





 

Information for Editors

Arkle is a diversified exploration company with principal assets in gold, zinc and now lithium exploration licences in Ireland.  The Company currently has two 100% owned gold projects (Mine River and Inishowen) and is in joint venture with Group Eleven Resources Corp. at the Stonepark Zinc Project.

 

 

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