Company Announcements

Suspension

Source: RNS
RNS Number : 7567S
Arc Minerals Limited
17 June 2024
 

Arc Minerals Ltd

("Arc" or the "Company")

Suspension

The Company notes the publication today from the Mining Cadastre in Zambia detailing the results of the 80th Mining Licence Committee and the rejection of mining licence application 33404-HQ-LML submitted by Handa Resources Limited (the "Licence"). The Directors anticipate that this is due to premature processing of the application. The Company has not yet received any formal notification of this decision and has engaged with the Mining Cadastre for a full explanation.

The Company also confirms that its interests in all its exploration licences in Zambia remain valid and all exploration activities remain unaffected by this decision.

The Company has requested a temporary suspension in the trading of the Company's shares on AIM, pending full clarification of the matter.

Further updates will be provided in due course.        

For further information contact:

Arc Minerals                                                

Nick von Schirnding (Executive Chairman) 

 

 

c/o Benchmark Communications



WH Ireland (Nominated Adviser & Joint Broker)

Harry Ansell/ Katy Mitchell

 

Tel: +44 (0) 20 7220 1666



Shard Capital (Joint Broker)

Damon Heath

 

Tel: +44 (0) 20 7186 9952



Benchmark Communications (Investor Relations)

Richard Kauffer

 

Tel: +44 (0) 7841 67 3210

                                                  

For more information, visit www.arcminerals.com.

 

 

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