ARK Mines Ltd (AU:AHK) has released an update.
ARK Mines Ltd has reported promising results from its Stage 2 exploration at the Sandy Mitchell REE Project in North Queensland, highlighting an extensive area with significant rare earth element (REE) and heavy mineral (HM) presence, along with a high-grade rare earth concentrate obtained from initial beneficiation test work. The exploration results show average mineral sand thickness of about 11m with consistent mineralisation grades, comparable to initial resource estimates, suggesting a potential for expansion of the resource area. Executive Director Ben Emery expressed confidence in the long-term development potential of the project, backed by these findings.
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