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ARK Mines Ltd ( (AU:AHK) ) just unveiled an announcement.
ARK Mines Ltd announced significant progress in the development of their Sandy Mitchell Rare Earths Project, transitioning from exploration to project development. The company delivered an upgraded Mineral Resource Estimate, expanded their Exploration Target, and completed a Scoping Study demonstrating the project’s commercial viability. With a 2025 works program aiming to expand the Measured resource, ARK Mines is poised to enhance the project’s economics and advance to a Pre-Feasibility Study. This development positions ARK Mines as a potential leader in the rare earths sector, offering promising returns and a strategic resource for Australia.
More about ARK Mines Ltd
ARK Mines Ltd operates in the mining industry, focusing on the exploration and development of rare earth elements. Their primary project is the Sandy Mitchell Rare Earths Project in North Queensland, which is positioned to become a significant source of rare earth minerals, crucial for various high-tech industries.
YTD Price Performance: 14.29%
Average Trading Volume: 37,629
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$8.59M
Find detailed analytics on AHK stock on TipRanks’ Stock Analysis page.
