Arc Minerals Limited Delay in Publication of 2020 Annual Report (6100A)
September 30 2020 - 6:27AM
UK Regulatory
TIDMARCM
RNS Number : 6100A
Arc Minerals Limited
30 September 2020
30 September 2020
Arc Minerals Ltd
('Arc' or the 'Company')
Delay in Publication of 2020 Annual Report
The Company announces that there will be a delay in the
publication of the Company's audited financial results for the year
ended 31 March 2020 ("Annual Report").
The delay is occasioned at the request of the Company and its
auditors, PKF Littlejohn LLP, to reflect the additional time needed
to complete the audit given the COVID-19 pandemic and the
associated travel restrictions and delays in fulfilling audit
requests as a result of the finance function operating
remotely.
Accordingly, the Company has requested and received an extension
to its filing deadline for its Annual Report from 30 September 2020
to 31 December 2020.
The Company is pleased to report that the maiden diamond
drilling programme at the Fwiji Target is continuing as planned and
that the 2,500 soil samples from the Zamsort and Zaco license areas
that were recently sent for assay are being processed and results
are expected shortly. The Company's cash position at the end of
September 2020 was GBP1.25m after mobilisation and other payments
incurred over recent months in order to progress the current work
programme.
For more information visit www.arcminerals.com .
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
**ENDS**
Contacts
Arc Minerals Ltd
Nick von Schirnding (Chairman) +44 (0) 20 7917 2942
SP Angel (Nominated Adviser
& Broker)
Ewan Leggat / Soltan Tagiev +44 (0) 20 3470 0470
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END
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