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The latest update is out from ARK Mines Ltd ( (AU:AHK) ).
Ark Mines Limited has announced that its Stage-3 resource expansion drill program at the Sandy Mitchell Rare Earth and Heavy Minerals project is progressing ahead of schedule. The program aims to significantly increase the existing Measured Mineral Resource Estimate, targeting an additional 260Mt of Monazite Equivalent. This expansion is expected to enhance the project’s economics, with assay results to be included in a comprehensive Pre-Feasibility Study. The advancement of the drilling program is supported by a recent $4.5 million investment from the QIC Critical Minerals and Battery Technology Fund, facilitating accelerated development at Sandy Mitchell.
More about ARK Mines Ltd
Ark Mines Limited is a company operating in the mining industry, focusing on the exploration and development of rare earth and heavy mineral resources. The company’s primary project is the Sandy Mitchell Rare Earth and Heavy Minerals project located in North Queensland. Ark Mines is working to expand its mineral resource base to enhance its market position within the critical minerals sector.
Average Trading Volume: 94,630
Technical Sentiment Signal: Buy
Current Market Cap: A$23.49M
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