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ARK Arkle Resources Plc

0.25
0.00 (0.00%)
20 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Arkle Resources Plc LSE:ARK London Ordinary Share IE00B2357X72 ORD EUR0.0025 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.25 0.20 0.30 0.25 0.25 0.25 100,000 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Lead And Zinc Ores 0 -297k -0.0005 -5.00 1.41M

Arkle Resources PLC Stonepark Drilling Update

03/07/2024 8:00am

RNS Regulatory News


RNS Number : 9513U
Arkle Resources PLC
03 July 2024
 

 

 

3 July 2024

 

Arkle Resources PLC

 

("Arkle" or the "Company")

 

Stonepark Drilling Update

 

Arkle Resources PLC (AIM:ARK), is pleased to update shareholders on the proposed drilling programme on its Stonepark licence block in Limerick Ireland ("Stonepark").

 

Group Eleven Resources Corp ("Group Eleven"), Arkle's partner and operator at Stonepark, has announced the following programme:

 

•          The Carrickittle West Prospect extends approximately 11km along strike, spanning the Stonepark Project (76.56% Group Eleven and 23.44% Arkle) and the PG West Project (100% Group Eleven).

•        Within the Stonepark portion of the prospect, drilling will consist of 3-4 holes totalling approx. 1,350m (hole depths of 350m to 550m).

•     Hole locations will test the margins of the southern volcanic centre and the southwestern continuation of the Coonagh Castle Fault.

•          Drilling is expected to begin in calendar Q3 2024 and complete by year-end.

 

Arkle is contributing its share of the costs of the programme, which is fully funded.

 

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



SP Angel Corporate Finance LLP
Nominated Adviser & Joint Broker


Matthew Johnson

+44 (0) 203 470 0470

Adam Cowl


Kasia Brzozowska




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


 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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