ARK Mines Ltd (AU:AHK) has released an update.
ARK Mines Ltd announces a substantial exploration target at its Sandy Mitchell Rare Earths Project, with estimates of 1.3 to 1.5 billion tonnes of minerals including a high-value basket of heavy minerals. The project is touted as one of the world’s largest surface-expressed placer Rare Earth deposits, featuring shallow mineralization amenable to cost-effective, low-impact mining methods. A pre-feasibility study is underway, highlighting the project’s potential for low capital expenditure and simple gravity separation processing to produce monazite concentrate.
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