Arc Minerals Limited Suspension

RNS Number : 7567S

Arc Minerals Limited

17 June 2024

 

Arc Minerals Ltd

("Arc" or the "Company")

Suspension

The Company notes the publication today from the Mining Cadastre in Zambia detailing the results of the 80^th Mining Licence Committee and the rejection of mining licence application 33404-HQ-LML submitted by Handa Resources Limited (the "Licence"). The Directors anticipate that this is due to premature processing of the application. The Company has not yet received any formal notification of this decision and has engaged with the Mining Cadastre for a full explanation.

The Company also confirms that its interests in all its exploration licences in Zambia remain valid and all exploration activities remain unaffected by this decision.

The Company has requested a temporary suspension in the trading of the Company's shares on AIM, pending full clarification of the matter.

Further updates will be provided in due course.        

For further information contact:

Arc Minerals                                                 Nick von Schirnding (Executive Chairman)	c/o Benchmark Communications
WH Ireland (Nominated Adviser & Joint Broker) Harry Ansell/ Katy Mitchell	Tel: [phone]
Shard Capital (Joint Broker) Damon Heath	Tel: [phone]
Benchmark Communications (Investor Relations) Richard Kauffer	Tel: [phone]

                                                  

For more information, visit www.arcminerals.com.

 

 

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