Ark Mines is an ASX listed Australian mineral exploration company focused on developing its 100% owned projects located in the prolific Mt Garnet and Greenvale mineral fields of Northern Queensland. The Company’s exploration portfolio consists of four high quality projects covering 400km2 of tenure that are prospective for Rare Earths, Heavy Minerals, copper, iron ore, nickel-cobalt and porphyry gold:
Sandy Mitchell Rare Earth and Heavy Mineral Project
Ark owns 100% of EPM 28013 ‘Sandy Mitchell’ (147km2 ) – an advanced Rare Earths Project in North Queensland with additional 138km2 of sub blocks under application
*Historical data, Not to JORC 2012 code standards
Project contains all critical Light Rare Earths as well as Heavy Rare Earths including dysprosium (Dy), terbium (Tb), holmium (Ho), erbium (Er), thulium (Tm) ytterbium (Yb), yttrium (Y) and excluding only Lutetium
Up to 25% of the TREO is Nd and Pr (magnet metals)
Rare Earths at ‘Sandy Mitchell’ are amenable to panning a concentrate; Planned low-cost, fast start up, straightforward beneficiation by gravity processing
Gunnawarra Nickel-Cobalt Project
Comprised of 11 sub-blocks covering 36km2
Borders Australian Mines Limited Sconi project - the most advanced Cobalt-Nickel-Scandium project in Australia
Potential synergies with local processing facilities with export DSO Nickel/Cobalt partnership options
JORC (2012) Mineral Resource Estimate at Gunnawarra of 1.341 million tonnes at .53% Ni, 602,000 tonnes Cobalt at .066% and 191,500 tonnes of Copper at .054% at a .1% Ni cut off
Mt Jesse Copper-Iron Project
