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Arkle Resources busy on Irish exploration, and funded for 18 months, according to latest financials

Published: 08:11 28 Sep 2020 BST

Arkle Resources PLC - Arkle Resources busy on Irish exploration, and funded for 18 months, according to latest financials

Arkle Resources PLC (LON:ARK) turned in a loss of €220,000 for the six months to June 2020.

The company closed out the period with €252,000 in cash. However, a further £600,000 was raised in August, covering expenses for the next 18 months.

“The lifeblood of a mineral exploration company is exploration,” said chairman John Teeling.

“Currently we are drilling our zinc discovery in Stonepark, Limerick, completing a tightly spaced soil sampling programme on our Glentogher gold licence in Donegal and preparing to trench our Mine River gold licences in Wicklow after completing an extensive soil sampling programme and analysing the results.”

 

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