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An update from ARK Mines Ltd ( (AU:AHK) ) is now available.
Ark Mines reported significant progress at its Sandy Mitchell rare earths and heavy minerals project during the March 2026 quarter, highlighted by the grant of a Queensland mining licence over 406 hectares that host a measured resource of 71.8 million tonnes of monazite-bearing material. The licence marks a key permitting milestone, enabling detailed mine planning, engineering, infrastructure studies and engagement with potential strategic and offtake partners as the company advances toward an updated Scoping Study and a targeted Pre-Feasibility Study later in 2026.
The company also advanced technical work through additional drilling, metallurgical testwork and bulk sample processing to refine a low-cost, gravity-based processing flowsheet. In parallel, Ark initiated a processing trial under a memorandum of understanding with a technology provider to crack monazite ore and recover thorium and key rare earth elements, aiming to de-risk downstream development, validate processing routes and support future pilot plant development and market engagement.
More about ARK Mines Ltd
Ark Mines Ltd is an Australian resources company focused on the exploration and development of rare earth elements and heavy mineral projects, primarily in North Queensland. Its flagship Sandy Mitchell project targets monazite-hosted critical minerals such as thorium and rare earth elements, positioning the company within the emerging critical minerals supply chain.
Average Trading Volume: 67,645
Technical Sentiment Signal: Sell
Current Market Cap: A$24.6M
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