REG - Arc Minerals Limited - Suspension

ARC MineralsAnnouncement

17/06/2024 16:30

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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 80(th) 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

                                                                     c/o Benchmark Communications
 Nick von Schirnding (Executive Chairman)

 WH Ireland (Nominated Adviser & Joint Broker)                         Tel: +44 (0) 20 7220 1666

 Harry Ansell/ Katy Mitchell

 Shard Capital (Joint Broker)                                          Tel: +44 (0) 20 7186 9952

 Damon Heath

 Benchmark Communications (Investor Relations)                         Tel: +44 (0) 7841 67 3210

 Richard Kauffer

 

For more information, visit www.arcminerals.com (http://www.arcminerals.com/)
.

 

 

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