Arc Minerals Limited
ARCM · AIM · Basic Resources · mcap £14m · 0.6p 2 open situations →
Open · 2
Virgo drilling campaign
Arc began diamond drilling at Virgo in Botswana in early September 2026, after geophysics inferred 18km of prospective DKF-NPF contact. Three holes are done and the total campaign is expected to exceed 6,000m. Licence renewals are expected shortly, and no results have been reported yet.
- Drilled so far
- Three holes along the DKF-NPF contact, one diamond core rig, started early September 2026 22 Oct 2026 ↗
- Campaign size
- Expected to exceed 6,000 metres 22 Oct 2026 ↗
- Contractor
- G D E Botswana Drilling & Exploration Pty Ltd (Global Drill) 22 Oct 2026 ↗
- Licences
- PL135/2017 and PL162/2017 renewals expected to be approved shortly 22 Oct 2026 ↗
- Next milestone
- Drill results to be reported as available; no date given 22 Oct 2026 ↗
Next: Drill results and Botswana licence renewal approvals
- 22 Oct 2026 Drilling under way, three holes completed
Kabompo West strategic partnership
After the Settlement Agreement reached in the previous quarter, Arc is running a dual-track strategy at Kabompo West in Zambia. This update says the track has reached an advanced stage, with talks with a shortlist of large mining companies and a data review using AI-assisted interpretation. No terms or timetable are stated.
- Track 1
- Advanced discussions with a shortlist of large mining companies on strategic partnerships 22 Oct 2026 ↗
- Track 2
- Review of geological, geophysical and drilling database, including AI-assisted interpretation 22 Oct 2026 ↗
- Background
- Settlement Agreement reached in the previous quarter 22 Oct 2026 ↗
- Next milestone
- Update to shareholders 'in due course'; no date given 22 Oct 2026 ↗
Next: Update on partnership talks and project review
- 22 Oct 2026 Advanced discussions with shortlisted majors
Closed · 1
Company filings. Not investment advice.