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New Prospecting Licence Awarded in Botswana
Arkle Resources PLC
09 July 2025
9 July 2025
Arkle Resources PLC
("Arkle" or the "Company")
New Prospecting Licence Awarded in Botswana
Arkle Resources (AIM: ARK) is pleased to announce that it has been awarded a prospecting licence in the Makgadikgadi Salt Pans in Northeastern Botswana. The licence PL 0238/2025 covers 775sq km and is adjacent to the Company's two existing licences covering 837sq km. The objective of the prospecting is to discover lithium in the brines. Work completed by Arkle to date has identified depths of brines across the ground. Lithium was identified in all samples as well as significant magnesium grades.
John Teeling, Chairman, commented
: "Lithium is designated as a "critical metal" meaning there is an imbalance between expected future supply and demand. Explorers are turning from discovering and developing hard rock lithium to lithium brines mainly in salt pans. Technology is advancing in this area particularly in recoveries from the brines. Work done to date on our ground has discovered lithium traces and good grades of magnesium. The new extraction technology for lithium also recovers the magnesium. We have a plan to drill our two existing licences which will be revised following the award of this new licence."
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
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
Mollie McLernon
Molly Mooney
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