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Arkle Resources PLC announced on 25 July 2024 an update on its Botswana lithium exploration programme. The company completed four Transient Electromagnetic (TEM) lines across two Makgadikgadi blocks, covering almost 1,000 sq kms, with analysis indicating a conductive layer averaging 30 metres deep. Samples of the brines will be collected and analysed for lithium content.
| Date | 25 Jul 2024 |
| Time | 07:00:03 |
| Category | Corporate updates |
| ID | 7179X |
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:
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Arkle Resources PLC |
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John Teeling, Chairman |
+353 (0) 1 833 2833 |
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Jim Finn, Finance Director |
+353 (0) 1 833 2833 |
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SP Angel Corporate Finance LLP |
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Matthew Johnson |
+44 (0) 203 470 0470 |
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Adam Cowl |
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First Equity Limited |
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Joint Broker |
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Jason Robertson |
+44 (0) 207 374 2212 |
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BlytheRay |
+44 (0) 207 138 3204 |
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Megan Ray |
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Teneo |
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Luke Hogg |
+353 (0) 1 661 4055 |
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Alan Tyrrell |
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Fia Long |
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Alan Reynolds |
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