Trenching and drilling at Arkle Resources' Erongo project confirm a uranium system in the same leucogranite architecture that hosts Bannerman Energy's Etango deposit.
The AIM-listed uranium explorer's shares started cross-trading on OTC Markets' OTCID Basic Market on 30 July under the ticker UARKF.
"This is the most significant drilling result at Stonepark since Group Eleven assumed operatorship in 2017", said Arkle chief executive Rory Harding
Arkle Resources has widened its maiden Erongo drilling programme after visually logging uranium mineral carnotite in three holes, bringing forward a test of its primary ULG target.
The AIM-listed explorer closed 2025 with a £2m operating loss but has since repositioned entirely around uranium licences in Namibia's Erongo Region.
Phase 1 geophysics across its three northern Erongo licences in Namibia has defined targets and the company has accelerated a fully funded c.4,000m RC drilling programme.
Plans to increase drilling at the Stonepark Zinc Project, in County Limerick, from approximately 3,000 metres to approximately 15,500 metres are seen as an endorsement of the opportunity.