Ark Mines Limited (ASX:AHK)

Ark Mines Limited reported significant progress for the quarter ending 31 March 2026, highlighted by the granting of a Mining Licence for the Sandy Mitchell Rare Earths and Heavy Minerals Project in North Queensland. This development marks a critical milestone in the project’s advancement towards mine development. The company also commenced a processing trial targeting the recovery of Thorium and other rare earth elements from monazite ore, aligned with their strategy to enhance value from critical minerals. Ark Mines is planning to release an updated Scoping Study and a Pre-Feasibility Study later in 2026, which will incorporate results from ongoing drilling and metallurgical optimization programs. Additionally, the company is strengthening its corporate team with the appointment of Thomas Patterson as a Director, leveraging his expertise in accounting, finance, and corporate development.