Ark Mines – Unleashing Australia's Rare Earth Potential

Ark Mines Ltd. (ASX: AHK) is advancing its 100%-owned Sandy Mitchell Rare Earths and Heavy Minerals Project in North Queensland, a shallow, surface-expressed deposit with the scale, mineral mix and development characteristics to position Ark as a significant future supplier of critical minerals.

The September 2026 Mineral Resource Estimate has defined 379.4 million tonnes @ 5,430 ppm Monazite Equivalent (MzEq), with 97% of estimated tonnage classified as Measured or Indicated. Based on Ark’s review of publicly reported estimates, Sandy Mitchell is now the largest rare earth Mineral Resource reported under the JORC Code (2012) hosted in residual heavy mineral sands derived from a metamorphic basement complex.

Ark is targeting completion of the updated Scoping Study in 2026, a Pre-Feasibility Study in 2027 and first production at Sandy Mitchell in 2028.

Beyond Sandy Mitchell, Ark holds a broader portfolio of North Queensland exploration assets prospective for gold, fluorite, copper, nickel, cobalt and iron, providing further exposure to critical, strategic and precious minerals.

Sandy Mitchell Mineral Resource Expands to 379.4 Million Tonnes

Three stages of resource drilling have transformed the defined scale of Sandy Mitchell, with the September 2026 Mineral Resource Estimate reaching 379.4 million tonnes @ 5,430 ppm Monazite Equivalent (MzEq). Approximately 97% of the estimated resource tonnage is classified as Measured or Indicated, providing Ark with a substantial higher-confidence resource base as the project advances through its next stage of development studies.

The deposit hosts a valuable basket of rare earth and heavy minerals, including monazite and xenotime containing magnet rare earths such as neodymium, praseodymium, dysprosium and terbium, together with zircon and titanium-bearing minerals.

And significant exploration upside remains. The current Mineral Resource footprint covers approximately 23.3 km², or only around 14% of Ark’s broader 169 km² Sandy Mitchell tenure, leaving substantial room for further exploration and potential resource growth.

Sandy Mitchell has also moved well beyond the early exploration stage. A Mining Licence has been granted, the project has secured $4.5 million in backing from the QIC Critical Minerals and Battery Technology Fund, and metallurgical testwork has successfully produced commercial-grade monazite and titanium products. Ark is now advancing metallurgical work and updated project studies as it moves Sandy Mitchell toward development.

ark mines drilling

SANDY MITCHELL AT A GLANCE

379.4 Mt
Mineral Resource Estimate

97%
Measured + Indicated by tonnage

Mining Licence
Granted March 2026

$4.5M QIC Backing
Critical Minerals and Battery Technology Fund

Commercial Products Produced
Monazite REE + titanium

~14%
Of the wider tenure currently covered by the MRE

About Ark Mines Ltd.

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Rare Earth Elements Resource Centre

Explore Ark Mines’ Rare Earth Elements Resource Centre and learn why rare earths are critical to advanced manufacturing, defence, clean energy, electrification and many of the technologies shaping the future.

Rare Earth Elements Resource Centre

An Ark Mines Ltd. initiative