Corporate Governance

The Company’s securities are traded on the AIM Market of the London Stock Exchange (“AIM”). The Company has accomplished the requirements
of the Quoted Companies Alliance (“QCA”) corporate governance guidelines for AIM companies. Due to the size and nature of its current business
the Company has not adopted the UK Corporate Governance Code in its entirety. The Company have complied with the QCA corporate guidelines
where practical; instances of noncompliance have been highlighted below.

In addition, the Company has an established code of conduct for dealings in the shares of the Company by directors.

John Teeling, in his capacity as Non-Executive Chairman has assumed responsibility for ensuring that the Company has appropriate corporate
governance standards in place and that these requirements are communicated and applied.

The Board currently consists of three directors: Non-Executive Chairman; Financial Director (and Company Secretary); and one Non-Executive
Director. This is not in compliance with the QCA Code which requires at least two independent non-executive directors. However the Board considers
that appropriate oversight of the Company is provided by the currently constituted Board having regard to the current size and resources of the

The 10 principles set out in the QCA Code are listed below, with an explanation of how Arkle Resources applies each of the principles and the
reason for any aspect of non-compliance. The same information can be viewed at the following link


Board & Management

John Teeling – Chairman

John Teeling is executive chairman of Connemara and has 40 years’ resources experience. Teeling is also involved in a number of other AIM exploration companies and has been a serial entrepreneur in the resource sector having founded African Diamonds and created Pan Andean Resources, Minco, African Gold, Persian Gold and West African Diamonds, all listed on AIM. He is also the founder and a former director of Kenmare Resources, former director of Arcon and holds interests in a number of industrial ventures. Mr. Teeling holds degrees in Economics and Business from University College Dublin, an MBA from Wharton and a Doctorate in Business Administration from Harvard. He lectured for 20 years in business and finance at University College Dublin.

James Finn – Financial Director/Company Secretary

James Finn is finance director of Connemara and has over 20 years’ experience in working with exploration companies. Mr. Finn has extensive experience in the administration of oil and gas and minerals companies. He has been responsible for listing several resource sector companies on AIM in London, including two of the first companies ever listed on AIM, Pan Andean Resources and African Gold. He holds a degree in Management and an Association of Chartered Certified Accountants (ACCA) qualification.

David Cockbill – Non-Executive Director

David Cockbill is an experienced corporate financier and public capital markets executive. Born in Northern Ireland, he studied accountancy at Manchester University before commencing a 35 year career in the City of London at various leading investment banks as a proprietary trader. David has been a Financial Conduct Authority (FCA) regulated person, for the last five years, focusing on opportunities within the micro-cap sector and raising capital for public companies in the natural resources and technology sectors.

Technical Advisor

Gavin Berkenheger – Consultant Geologist

Gavin Berkenheger is Consulting Geologist to Arkle Resources. He is qualified as a Chartered and European Geologist, and has extensive knowledge of Irish and UK mineral deposits. Has spent the last 11 years exploring for gold and base metal resources in Ireland and Scotland, he aided in the development of the Curraghinalt gold deposit in Northern Ireland and is Managing Director of GreenOre Gold Plc. He holds honours degree in Geology and Petroleum Geology from the University of Aberdeen (2006).

Last updated : 1st August 2023