InvestSMART

Ark Mines Limited (ASX:AHK)

ALERT: Price-sensitive ASX Announcement for AHK
Current share price for AHK : $0.255 -0.38 (-59.84%)+
Announcement
Release
29 Oct 2025 11:39AM
Price at Release
$0.635
Full Release
download
Summary
During the September quarter of 2025, Ark Mines Limited experienced a transformative phase marked by a significant $4.5 million investment from the QIC Critical Minerals and Battery Technology Fund for the Sandy Mitchell Rare Earth Project. This investment included $4 million in royalty funding and $0.5 million equity placement, supporting project development and reinforcing Queensland’s status as a key mining jurisdiction. The quarter also saw the completion of a 219-hole, 2,324m resource expansion drill program at Sandy Mitchell and the granting of the Environmental Authorisation for Mining Lease ML100409, paving the way for mining licence approval. Ark Mines is advancing with its Pre-Feasibility Study, targeted for early 2026, as it positions itself as a leading Australian rare earth developer amid growing global demand for critical minerals.
Key Points
  • $4.5 million investment from QIC Critical Minerals and Battery Technology Fund.
  • Completion of 219-hole, 2,324m resource expansion drill program at Sandy Mitchell.
  • Environmental Authorisation granted by Queensland Department for Mining Lease ML100409.
  • Pre-Feasibility Study on track for early 2026 with first production targeted for late 2027.
  • Strong institutional backing and alignment with Queensland Government’s Critical Minerals Strategy.
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.