Drilling Update on Stonepark Property

Arkle (AIM:ARK) have been informed by the Company's partner Group Eleven (76.56% Group Eleven, Arkle 23.44%) that they will undertake a drilling program on the Company's seven license block Stonepark property in the coming months. The announcement made by Group Eleven reads as follows:

"Stonepark - Planning Underway

Planning is underway for a drilling program at Group Eleven's 76.56%-owned Stonepark Project later in 2024. This will include follow-up on drilling at the Carrickittle West target in 2022, which resulted in the first intersection by Group Eleven of a major fault in the Limerick basin. Group Eleven expects to drill a series of widely spaced holes to examine mineralization, brecciation and Waulsortian thickness variations in the area to improve understanding of the best area of potential for a major discovery. This incremental follow-up on the target reduces the risk associated with a single, deep hole and follows the exploration model that successfully resulted in the Ballywire discovery in 2022. In addition, other prospective targets across the Stonepark block will be drill tested during the course of the program. Further details on the program will be provided in due course."

John Teeling, Chairman, commented: "We are very pleased that Group Eleven are going to undertake this programme. The economics for zinc miners are looking better due to lower treatment prices for zinc concentrate. We would expect to participate in this programme."