Erongo Uranium targets drive Arkle Resources’ share surge
Arkle Resources PLC shares moved up, rising 12% to 0.73p, after it told investors it has accelerated drilling at its Erongo uranium project in Namibia after Phase 1 geophysical work defined multiple targets across two mineralisation styles.
The AIM-listed explorer said the Eastern EPL 8995 paleochannel target is now drill-ready, with around 1,500 metres of reverse circulation drilling planned from June 2026, or at the earliest contractor availability. The target includes parallel paleochannel structures, with up to four individual sub-paleochannels inferred from ground HLEM surveys.
Arkle has also lined up trenching and sampling from next week across a large uraniferous leucogranite target on EPL 8995, measuring around 1km by 700m. Results from that work will feed into a fully funded 2,500-metre RC drilling programme expected to begin in the third quarter of 2026.
The company said 2025 surface sampling returned uranium grades of up to 3,855 ppm U₃O₈ in alaskite-style samples and up to 2,782 ppm U₃O₈ in calcrete-hosted samples across EPLs 8995 and 8290.
Interim chief executive Rory Harding said the results had “fast-tracked a portfolio of high-priority uranium drill targets” and compressed the company’s exploration timeline.
The Erongo licences sit in a uranium district that includes Rössing, Husab, Etango, Trekkopje and Marenica, with Arkle planning additional HLEM survey lines, mapping and sampling across EPLs 8290, 8298 and 8995 during the second half of 2026.
