Ark Mines
Primary ticker: ASX:AHK
Stage of development: Development
Primary minerals: Rare Earth
Project to promote: Sandy Mitchell North Queensland
Project location: Australia
Website: www.arkmines.com.au
Ark Mines is an ASX listed Australian mineral exploration company focused on developing its 100% owned Sandy Mitchell project in Queensland, Australia. With an estimated exploration target of 1.3 to 1.5 billion tonnes of high-value heavy minerals and rare earth elements for our Sandy Mitchell project, Ark Mines is positioned to become a major supplier to the global Rare Earth Elements market. Ark has the only placer Rare Earth sand project expressed from surface to 12m depth. It is simply a large mineralised sandpit that can be mined, processed and rehabilitated simultaneously. Ark are promptly moving Sandy Mitchell to production
Cash: AUD 1M
Debt: NIL
Major shareholders:
Private Investors
Management Ownership – 25%
Financials
Management Profile
Roger Jackson – Executive Chairman
Mr Jackson is a qualified geologist with a career spanning more than 30 years, Roger has considerable experience in mineral exploration, mine operations and development, mining services and the marketing of mineral concentrates. He has been a founding director of several private and public mining and mine service companies. He is currently an Executive Chairman of Ark Mines Ltd and Vertex Minerals Ltd and a non-Executive Director of QX Resources Ltd, all ASX listed companies. He is a long-standing Member of the Australian Institute of Company Directors, Fellow of the Australian institute of Geoscientists, Fellow of the Geological Society of London and Fellow of the Australasian Institute of Mining and Metallurgists.
What is your rationale for taking part in 121 Mining Investment?
We are looking for investors to participate in upcoming raise to take us through pre-production
What recent news would you like to highlight to investors attending?
This is a world-class placer REE deposit in a Sandpit
Exploration Target estimated for Sandy Mitchell: 1.3 billion tonnes to 1.5 billion tonnes @ 1250 to 1490 ppm Monazite Equivalent1
The Exploration Target is summarised in the table below. Most of the Exploration Target lies immediately to the north of the project’s recent drilling and maiden resource.
The Exploration Target includes a basket of high value Heavy Minerals, comprised of the following:
Monazite from 781,000 tonnes to 1,119,000 tonnes, grading from 590 ppm to 710 ppm
Zircon from 810,000 tonnes to 1,160,000 tonnes, grading from 620 ppm to 730 ppm
Rutile from 721,000 tonnes to 1,032,000 tonnes, grading from 550 ppm to 650 ppm
Xenotime from 103,000 tonnes to 148,000 tonnes, grading from 80 ppm to 90- ppm
Ilmenite from 13,169,000 tonnes to 18,855,000 tonnes, grading from 10,000 ppm to 11,930 ppm
Measured Mineral Resource Estimate (MRE) of 71.8 Mt @ 1,732.7 ppm Monazite Equivalent calculated using a 700ppm MzEq lower cut-off grade.
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Publish Pre Feasibility study
6 Months:
Mining License granting
12 Months:
Prepareing for Mining and production, Further drilling to build REE inventory
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Keeping the market informed
What do you think makes your company such a compelling investment?
Expandable large scale placer Rare Earth project that sits in a robust jurisdiction (North Queensland) that can be mined with a loader and beneficiated on site with simple gravity processes. The project will also be one of the lowest environmental impact Rare Earth mines on the planet.
What are the top 3 key investor takeaways?
A CAPEX LITE RARE EARTH PROJECT START-UP WITH
LOW OPERATIONAL COSTS;
SIGNIFICANT NEAR-TERM DEVELOPMENT OPPORTUNITY
WITH A LOW ENVIRONMENTAL IMPACT