Africazine:
Arkle Resources is making significant strides in uranium exploration in Namibia’s Erongo province.
The company reported interim results for the six months ending 30 June 2026, focusing on its acquisition of an 85% interest in Namibia Uranium and securing four Exclusive Prospecting Licences covering 540 km². The accelerated Phase 1 exploration has led to a maiden reverse circulation drilling campaign.
Arkle Resources Expands Uranium Exploration in Namibia
Arkle Resources is pivoting towards uranium exploration, marking a transformational shift in its operational strategy. The acquisition of an 85% interest in Namibia Uranium is a key milestone, allowing the company to secure four Exclusive Prospecting Licences. These licences cover an extensive area of 540 km² in Erongo province, a region known for its uranium potential.
The company has advanced its Phase 1 exploration faster than anticipated, culminating in a maiden reverse circulation drilling campaign. This drilling effort aims to tap into the region’s rich uranium deposits, with results expected later in September.
Namibia: Key figures on uranium exploration
- 85% interest in Namibia Uranium
- 540 km² covered by four Exclusive Prospecting Licences
- 2,900 metres of drilling completed on EPL 8995
- Interim loss of €947,000
- Over €1 million in cash at period end
Corporate Developments and Strategic Focus
In addition to its exploration efforts, Arkle Resources has made notable corporate changes. The company appointed a new chief executive and a non-executive director, enhancing its leadership team. New advisory and broking relationships have also been established to support its strategic refocus on energy metals.
Despite facing a higher interim loss, largely due to non-cash share option charges, Arkle maintains a strong financial position with sufficient funding for its exploration programmes. This positions the company well for ongoing operational updates and developments.
Next Steps for Arkle Resources
- Awaiting assay results from the drilling campaign in September
- Continuing the expanded drilling programme at the Stonepark Zinc Project in Ireland
- Progressing permitting on Botswana lithium brine licences
Arkle Resources is poised for growth in Namibia’s uranium sector with its strategic acquisitions and exploration efforts.
