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ARK Mines Ltd ( (AU:AHK) ) has shared an announcement.
ARK Mines Ltd has made significant progress in the June quarter at its Sandy Mitchell Rare Earths and Heavy Minerals project. The company successfully completed a $1.5 million share placement to fund an infill drilling campaign, aiming to upgrade the existing resource. Additionally, they commenced a detailed metallurgical testing program with IHC Mining to enhance mineral processing. The project has gained broader interest, being included in the Queensland government’s Critical Minerals Prospectus, which could attract further investment. Post-quarter, ARK awarded a contract for a 2,500m drilling program to increase the measured resource, with results to be integrated into a Pre-Feasibility Study by early 2026. The Pluton Gold Project also showed promising results, with high gold and silver grades, supporting further exploration.
More about ARK Mines Ltd
ARK Mines Ltd operates in the mining industry, focusing on the exploration and development of rare earth elements and heavy minerals. Their flagship project, Sandy Mitchell, is located in North Queensland, Australia, and aims to become a leading source of rare earth elements, including magnet and critical rare earths, zircon, titanium oxides, and garnet.
Average Trading Volume: 27,129
Technical Sentiment Signal: Buy
Current Market Cap: A$12.24M
See more data about AHK stock on TipRanks’ Stock Analysis page.