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Ark Mines advances Sandy Mitchell Project with significant rare earth and mineral sands potential

Author
Proactive Investors
Published
Thu 27 Feb 2025
Episode Link
https://proactive-interviews-for-investors.simplecast.com/episodes/20250227-ark-mines-I7yDjXhC

Ark Mines Executive Director Ben Emery joined Steve Darling from Proactive’s OTC studio in New York City to discuss the company’s progress at its Sandy Mitchell project, a flagship mineral sands and rare earth venture. The project boasts a maiden resource of 71.8 million tons and an exploration target of 1.3 to 1.5 billion tons, making it a potentially globally significant asset.

Sandy Mitchell contains a diverse mix of valuable minerals, including zircon, ilmenite, and garnet, as well as rare earth elements such as monazite, which hosts 15 of the 17 known rare earths. A scoping study last year projected the project could generate $25–$30 million in free cash annually. Ark Mines is now advancing towards a Pre-Feasibility Study (PFS) in 2025, with a goal of expanding the JORC resource to 350 million tons and extending the mine life to 15 years.

The company is also strengthening its US partnerships to support a domestic supply chain from Australia to the United States for critical minerals. With a mining license application underway, Ark Mines anticipates transitioning into mine planning within 12 months, positioning itself as a key player in the global rare earth and mineral sands market.

#proactiveinvestors #otcqb #ahkmf #asx #ahk RareEarths #SandyMitchellProject #MineralSands #MiningNews #AustraliaMining #PreFeasibilityStudy #JORCResource #OTCMarkets #ProactiveInvestors

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