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An announcement from ARK Mines Ltd ( (AU:AHK) ) is now available.
Ark Mines Ltd has announced the commencement of a new phase in its resource definition drilling program at the Sandy Mitchell Rare Earth and Heavy Minerals project in North Queensland. The company has signed a contract with Australian Exploration Drilling for a 2,500-meter drill program aimed at significantly increasing the existing Measured Mineral Resource Estimate. This expansion is expected to enhance the project’s economics, with results to be integrated into a Pre-Feasibility Study scheduled for completion in early 2026. The initiative aligns with Ark’s strategy to establish Sandy Mitchell as a leading rare earth and heavy mineral project in Australia, leveraging low-cost downstream processing for commercialisation.
More about ARK Mines Ltd
Ark Mines Limited (ASX: AHK) is a company operating in the mining industry, focusing on rare earth and heavy minerals. The company is engaged in the exploration and development of mineral resources, with a significant project located at Sandy Mitchell in North Queensland, Australia.
Average Trading Volume: 29,268
Technical Sentiment Signal: Sell
Current Market Cap: A$10.92M
For a thorough assessment of AHK stock, go to TipRanks’ Stock Analysis page.