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  2. Share Prices
  3. Arkle Res Share Price
  4. Arkle Res Share Regulatory News
  5. Update on Botswana Lithium Exploration

Pin to quick picksArkle Res Regulatory News (ARK)

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0.775    0.00 (0.00%)
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Spread: 0.15 (21.429%)
Market Cap: £12.36m
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Update on Botswana Lithium Exploration

25 Jul 2024 07:00

RNS Number : 7179X
Arkle Resources PLC
25 July 2024
 

 

 

25 July 2024

 

Arkle Resources PLC

 

("Arkle" or the "Company")

 

Update on Botswana Lithium Exploration

 

Arkle Resources PLC (AIM:ARK), is pleased to provide an update on its lithium exploration programme in Botswana.

 

The four wide spaced TEM (Transient Electromagnetic) lines have been completed across the two Makgadikgadi blocks, which cover almost 1,000 sq kms. Analysis of the results indicate the presence over the blocks of a conductive layer averaging 30 metres deep. This is expected to be brines.

 

Samples of the brines will be collected and analysed for lithium content.

 

John Teeling, Chairman of Arkle, commented "We are very pleased with this outcome. The TEM lines have indicated a structure across the blocks which averages 30 metres in depth. All indications are the structure is composed of brines. Now we need to sample the brines to see if they contain lithium. Sample collecting will commence shortly."

 

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 LLPNominated Adviser & Joint Broker

Matthew Johnson

+44 (0) 203 470 0470

Adam Cowl

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

 

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