Ark Mines Ltd · ASX:AHK
Ark Mines — Investor Presentation (October 2023)
10 slides from Ark Mines's investor presentation, Nov 2, 2023
Slide 1: Rare Earths in a Sand Pit
162.50 Dy For personal use only Investor presentation | October 2023 | ASX: AHK Rare Earths in a Sand Pit
Slide 2: Disclaimer
Disclaimer The information contained in this presentation has been provided by Ark Mines Ltd (Company) and other sources identified herein. The information contained in this presentation is for informational purposes only and is not a recommendation as to whether to invest in the Company’s shares. T
Slide 3: Corporate snapshot
Corporate snapshot Overview Share price and volume ASX Code AHK Shares on Issue 55m For personal use only Share price ~$0.19 Options on issue 15,172,500 Market capitalisation $10.00M Cash balance (approx.) $3.01M Top 20 shareholders Company personnel Name Position Experience Roger Jackson Executive
Slide 4: A rare earth project with low start-up capex and low operational cost
A RARE EARTH PROJECT WITH LOW START-UP CAPEX LOW OPERATIONAL COST AND NEAR-TERM DEVELOPMENT POTENTIAL WITH THE LOWEST SANDY ENVIRONMENTAL IMPACT MITCHELL For personal use only HOSTS ALL THE RARE EARTHS, PLUS HEAVY MINERAL, THE ONLY INLAND NIOBIUM AND PHOSPHATE SURFACE EXPRESSED THE PROJECT HAS ACCES
Slide 5: Sandy Mitchell REE HM Project location
Sandy Mitchell REE HM Project location For personal use only 300km west of Cairns and 100km North of Chillagoe Sits on only one station – 750,000 acres in size
Slide 6: The Sandy Mitchell Project
THE SANDY MITCHELL PROJECT SANDY ➢ 147km2 EPM 28013 ‘Sandy Mitchell’ – an advanced Rare Earths Project in North Queensland ➢ The sand hosts grains of mostly monazite (light rare earths) but also Xenotime (heavy rare earths) and Zirconium's and Titanium’s and Niobium MITCHELL ➢ Total Rare Earth Oxide
Slide 7: Scale
SCALE • The size of the thorium anomaly correlating with REE enriched alluvial sands within the Project tenement is 10,067 ha. • Sands with Heavy Minerals and Rare Earths are eroded from Sandstones to the North. These sandstones were paleao beach settings where the rare earths and Heavys were sorted
Slide 8: Continuous rehabilitation at Sandy Mitchell
CONTINUOUS REHABILATION AT SANDY MITCHELL Sparse grass with some small trees For personal use only Sand – average 10m from surface Mining Direction Metamorphic Basement LOW IMPACT MINING LOW ENVIRONMENTAL IMPACT ✓ No Drill and Blast ✓ No Chemicals ✓ No overburden ✓ No Salts No Acids ✓ No clay to dea
Slide 9: Well advanced compared to other rare earth projects
Well advanced compared to other rare earth projects PLACER DEPOSITS HAVE DISTINCT ADVANTAGES OVER HARD ROCK ADD CLAY-BASE RARE EARTH PROJECTS Ionic Clays Hard Rocks PLACER (SANDY MITCHELL) For personal use only Capex Heavy, Overburden/strip development costs, Mining Capex lite and utilizing low-cost
Slide 10: Combined company investment highlights
Combined company investment highlights Phase 2 drilling program underway now at Sandy Mitchell, undertake further metallurgical test work and apply for Mining Licence For personal use only Advancing processing and off-take discussions – considerable interest in Sandy Mitchell from local processors a