An announcement from ARK Mines Ltd ( (AU:AHK) ) is now available.
Ark Mines Limited has received a $290,091.56 tax refund from the Australian Government’s R&D tax incentive scheme for its research and development activities in the 2024 financial year. This refund supports the company’s Sandy Mitchell Project in North Queensland, which focuses on rare earth and mineral sands. The company is actively seeking further development funding and grants to advance its projects, emphasizing the unique nature of its Sandy Mitchell project and its commitment to exploring additional financial opportunities.
More about ARK Mines Ltd
Ark Mines Limited is an ASX-listed Australian mineral exploration company focused on developing its 100% owned projects in Northern Queensland. The company’s exploration portfolio includes the flagship Sandy Mitchell Rare Earth and Heavy Mineral Project, the Gunnawarra Nickel-Cobalt Project, and the Mt Jesse Copper-Iron Project. Ark Mines is dedicated to advancing its projects, particularly in rare earth elements and mineral sands, with a focus on strategic development and partnerships.
Average Trading Volume: 37,572
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$7.76M
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