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ARK Mines Ltd ( (AU:AHK) ) has issued an announcement.
Ark Mines Limited has announced that its Stage-3 resource expansion drill program at the Sandy Mitchell project is progressing ahead of schedule, with 103 out of 219 drill holes completed. The program aims to significantly increase the current Measured Mineral Resource Estimate from 71.8 Mt to approximately 330 Mt, representing a substantial portion of the JORC Exploration Target. The completion of this drilling phase is expected to enhance the project’s economics, with assay results to be included in a comprehensive Pre-Feasibility Study scheduled for early 2026. This development is part of Ark’s strategy to advance its near-term development goals, supported by recent investments and ongoing metallurgical works.
More about ARK Mines Ltd
Ark Mines Limited (ASX: AHK) operates 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 in North Queensland, where it aims to expand its mineral resource base.
Average Trading Volume: 265,396
Technical Sentiment Signal: Buy
Current Market Cap: A$24.48M
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