RE: Seems the drill bit has hit its target...3 Sep 2020 10:11
Our stone park JV and Glencore (£20Billion cap)...
(From Rns’s) the Stonepark project, in Limerick, the fully funded drilling is expected to commence during August. Stonepark is a joint venture between Arkle and Group 11 (23.44%, 76.56%)
Group Eleven held a large number of licences in Ireland but have recently focused on Stonepark. Group Eleven are operator of the joint venture and drilling is set to resume on Stonepark in the coming months (edit: August 2020). ****It is notable that Glencore, the second largest zinc producer in the world and the owner of Pallas Green, adjacent to Stonepark, has taken a significant equity interest in Group Eleven, increasing from 11% in 2019 to 26% recently.****