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Ark Mines Limited (ASX:AHK)

ALERT: Price-sensitive ASX Announcement for AHK
Current share price for AHK : $0.205 -0.27 (-56.84%)+
Announcement
Release
27 Aug 2025 12:09PM
Price at Release
$0.475
Full Release
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Summary
Ark Mines Limited (AHK) announced an update on its expansion drilling at the Sandy Mitchell Rare Earth Elements (REE) Project in North Queensland. The company reported that the Phase 2 drilling program is progressing well, with the aim to expand the known mineralised footprint following encouraging results from the initial phase. The update highlights that the drilling has encountered promising zones of rare earth mineralisation, supporting the potential for a significant addition to Ark's resource base. The company also mentions that assay results from the drilling are expected soon and will be released to the market accordingly. Ark Mines underscores its commitment to advancing the Sandy Mitchell REE Project as a key growth asset, leveraging strong market demand for critical minerals.
Key Points
  • Ark Mines Limited provided an update on expansion drilling at the Sandy Mitchell REE Project.
  • The Phase 2 drilling program is underway and aims to increase the mineralised area.
  • Initial results indicate the presence of additional zones of rare earth mineralisation.
  • Assay results from the current drilling will be released once available.
  • The Sandy Mitchell Project is strategically important to Ark Mines' growth plans.
  • The company is focused on meeting global demand for critical minerals such as REEs.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.