Arkle Resources plc has identified uranium targets and plans to accelerate drilling on its three northern licences in the Erongo region, Namibia.
EXTENSIVE
“Highly encouraging” results from the phase I geophysical programme have defined “two distinct mineralisation styles”, of paleochannel-hosted and uraniferous-leucogranite (ULG) hosted uranium.
The company aims to begin 1,500m reverse circulation drilling in June 2026 on the Eastern EPL 8995 paleochannel target to test “parallel paleochannel structures”, instead of its planned months of post-interpretation mapping and sampling.
Trenching and sampling is due to begin next week on a large, 1km by 700m, ULG target also on the same licence.
Subject to the results, a 2,500m ULG drilling programme will start during Q3 2026.
Arkle said it had identified “multiple” additional Paleochannel and ULG targets on licences 8290, 8298 and 8995, which will undergo further surveys, mapping and sampling
The company has also identified “strong ULG potential” on 8290, with “multiple” ULG anomaly clusters across both the Eastern and Western blocks of the licence.
These include four “prominent” uranium anomalies on the Eastern block and “further confirmed anomalies” on the Western block.
The ULG trend extends northeast into the eastern part of 8298, “indicating an extensive ULG mineralisation pattern across the company’s licence package”.
“Completion of the phase I geophysics interpretation is a defining moment for Arkle’s uranium strategy,” added interim chief executive officer Rory Harding.
“The integrated work, supported by 2025 surface sampling and the input of our technical advisers, has fast-tracked a portfolio of high-priority uranium drill targets across two of the most productive mineralisation styles in the Erongo belt.
“With approximately 4,000 metres of fully funded drilling now planned across both of the major uranium mineralisation styles in the Erongo belt, and multiple additional targets being advanced behind these, Arkle’s shareholders should expect a sustained period of news flow through the year.”