Business
Final Results for the Year Ended 31 December 2023
Final Results for the Year Ended 31 December 2023.
About this update from Arkle Resources Plc
[{"type":"text","content":"\n\n \n \n \nThis 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.\n \n26 June 2024\n \nArkle Resources PLC\n(\"Arkle\", the \"Group\" or the \"Company\")\n \nFinal Results for the Year Ended 31 December 2023\n \nArkle Resources PLC (LON: ARK), the Gold, Lithium and Zinc exploration and development company, is pleased to announce its audited results for the year ending 31 December 2023.\n \nChairman's Statement\n \nArkle is an AIM listed active exploration company exploring for Gold, Zinc and Lithium in Ireland and Lithium in Botswana and Zimbabwe.\n \nOperating in the current environment is not easy but consider the following;\n \n- Developing the Green Economy requires vast quantities of metals, which need mines.\n- Mines, have relatively short lives so new mines are continuously needed.\n- New mines need to be discovered, hence the need for exploration.\n- Most successful exploration is undertaken by junior exploration companies.\n- Junior explorers have no income so need finance.\n- There is little or no money available. Arkle has a loyal group of supporting shareholders.\n \nThese simple truths appear to be beyond the ability of politicians, regulators and bureaucrats to understand. There are many virtuous proposals in the US and EU to develop \"critical metals\" to assist the \"Green Economy\" but none address the need for exploration.\n \nLaws, papers, conferences and committees have examined the lack of supply of critical metals, such as lithium, rare earths and copper to mention a few. Nowhere do you see proposals to promote exploration by ju...