Business
Final Results for the Year Ended 31 December 2024
Final Results for the Year Ended 31 December 2024.
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 \n25 June 2025\n \nArkle Resources PLC\n(\"Arkle\", the \"Group\" or the \"Company\")\n \nFinal Results for the Year Ended 31 December 2024\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 2024.\n \n \n \nCHAIRMAN'S STATEMENT\n \nWe are explorers for zinc, gold and lithium. We work in Ireland and in Botswana. We have been very active on our licences in Botswana while our exploration partners in Irish zinc drilled during 2024 and recently announced some very positive findings.\n \nIn Botswana our exploration for lithium discovered brines over the entire 837sq km of our two licences. Samples analysed in Australia found lithium in all 20 samples though grades were low. Of potentially far greater significance are good grades of magnesium which until recently complicated lithium recovery. New technology, Direct Lithium Extraction (DLE), is showing great promise. It uses membranes to extract the magnesium prior to extracting the lithium. Should further exploration across the licences prove up the magnesium and lithium grades there is the possibility of a commercial discovery. Significant drilling is required but given the shallow depth, holes are fast and cheap.\n \nIn Ireland, the focus has been on our 5 licence Stonepark block which already contains 5.1 million tons of 11.3% combined lead and zinc. We are in a joint venture on this block with Group Eleven, a Toronto listed base metal explorer. The partnership is 77.64% Group Eleven and 22.36% Arkle. Group Eleven is the operator. Group Eleven holds significant licences to the South and Southwest of the Arkle block. Drilling on these licences has found significant discoveries of zinc and lead at Ballywire and Carrickittle. The exploration by Group Eleven on this ground has led them to postulate the existence of a mineral trend which they call the Pallas Green Corridor stretc...