ARK Mines Ltd (AU:AHK) has released an update.
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ARK Mines Ltd has announced significant progress in their Sandy Mitchell Rare Earths development project in North Queensland, with the completion of their Stage 1 drill program yielding positive assay results, indicating consistent rare earth element mineralisation. The company is moving towards a maiden Mineral Resource Estimate, and a Memorandum of Understanding with Currumbin Minerals has been established to negotiate the processing of the project’s heavy mineral sands. The upcoming Pre-Feasibility Study and continuous metallurgical test work signify an exciting phase for potential investors and commercial development partners.
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