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Arkle Resources PLC - Board Changes and Operating Update

RNS Number : 4860U
Arkle Resources PLC
29 July 2020
 

 

Arkle Resources PLC

 

("Arkle" or the "Company")

 

Board Changes and Operating Update

 

The board of Arkle (AIM:ARK) wish to announce that following the announcement dated 24 July 2020, Patrick Cullen, previously Chief Executive Officer, has stepped down with immediate effect. The board would like to thank him for his commitment to Arkle and wish him well for the future. John Teeling has taken the role of acting Chief Executive Officer together with his role as Non-Executive Chairman.

 

 

Gavin Berkenheger, technical advisor to the board and former Technical Director has taken over the day to day running of the two Arkle gold projects.

 

In Mine River, Wicklow, Arkle holds a strategic block of licences covering a 15 kilometre gold bearing trend. Fieldwork will commence shortly to refine drill targets identified in recent work.

 

In Donegal earlier drilling discovered high grade gold in the Meeneragh Glentogher area. Once ground access is obtained a soil sampling programme will be undertaken to better define the extent of the gold veins.

 

John Teeling, and Jim Finn, Finance Director, have taken control of the Company's zinc projects. Both zinc projects are joint ventures with our partners as operators. The directors will play an active role on the operating boards controlling the projects.  On the Stonepark project, in Limerick, the fully funded drilling is expected to commence during August. Stonepark is a joint venture between Arkle and Group 11 (23.44%, 76.56%). The remaining zinc licences, in the midlands, which are joint ventured with Teck Resources are under review.

 

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

 

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 Advisor & Joint Broker


 

Matthew Johnson/Soltan Tagiev

  +44 (0) 203 470 0470

 



 

First Equity Limited


 

Joint Broker


 

Jason Robertson

  +44 (0) 207 374 2212

 



 

Blytheweigh

  +44 (0) 207 138 3204

 

Megan Ray


 

Rachael Brooks


 



 

Teneo

 

Luke Hogg

  +353 (0) 1 661 4055

 

Thomas Shorthall

  +353 (0) 1 661 4055

 




 


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Arkle Resources CEO highlights 'Ireland open for business' and updates on...

Arkle Resources (LON:ARK) CEO Patrick Cullen caught up with Proactive's Andrew Scott while at PDAC 2020 in Toronto. Cullen gave a presentation on why and how Ireland is open for business plus he updates on where they're at as far as the strategic review on its Stonepark project.

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