Ark Mines Ltd · ASX:AHK
Ark Mines — Investor Presentation (October 2024)
14 slides from Ark Mines's investor presentation, Oct 2, 2024
Slide 1: Rare Earths in a Giant Sand Pit
162.50 Dy For personal use only Presentation | October 2 2024 | ASX: AHK Rare Earths in a Giant 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 AHK ASX Code For personal use only Roger Jackson - Executive Chairman Benjamin Emery - Executive Director Ian Mitchell - Non-Executive Director 55,446,413 Geologist with 30+ years in exploration, 25+ years in Metals marketing, metals 30+ years in Legal and Corporate in the Shares
Slide 4: Capex lite rare earth project start-up with low operational costs
A CAPEX LITE RARE EARTH PROJECT START-UP WITH LOW OPERATIONAL COSTS; SIGNIFICANT NEAR-TERM DEVELOPMENT OPPORTUNITY WITH A LOW ENVIRONMENTAL IMPACT SANDY MITCHELL For personal use only HOSTS ALL THE RARE EARTHS, HEAVY MINERALS, AND THE ONLY INLAND PHOSPHATE SURFACE EXPRESSED PLACER DEPOSITS THE PROJE
Slide 5: A First-Rate Location
A First-Rate Location EPM 28013 is located 105 km northwest of Chillagoe and 203 km west northwest of Cairns, on Mount Mulgrave Station. The 100% holder of EPM 28013 is Ark Mines Ltd. The tenement comprises 49 sub-blocks with permit name Sandy Creek and permit type is exploration for minerals other
Slide 6: Robust Measured Mineral Resource Estimate at Sandy Mitchell
Robust Measured Mineral Resource Estimate (MRE) at Sandy Mitchell Rare Earth and Heavy Mineral Project SANDY • Measured Mineral Resource Estimate (MRE) of 71.8 Mt @ 1,732.7 ppm Monazite Equivalent calculated using a MITCHELL 700ppm MzEq lower cut-off grade. Monazite equivalent calculation MzEq = 1.0
Slide 7: Exploration Target Confirms World-Class Placer REE Deposit
EXPLORATION TARGET CONFIRMS WORLD-CLASS PLACER REE DEPOSIT This is a world-class placer REE deposit in a Sandpit • Exploration Target estimated for Sandy Mitchell: 1.3 billion tonnes to 1.5 billion tonnes @ 1250 to 1490 ppm Monazite Equivalent1 • The Exploration Target is summarised in the table bel
Slide 8: Gravity Beneficiation Delivers Excellent Concentrate and Recoveries
PHASE 1 GRAVITY BENEFICIATION DELIVERS EXCELLENT CONCENTRATE + RECOVERIES CONCENTRATE ASSAYS RETURNED 52% TREO AND ESTIMATED RECOVERIES OF ~72% WITH >83% POTENTIALLY ACHIEVABLE First pass un-optimised beneficiation test work of the Sandy Mitchell Rare Earth sands has produced a high-grade rare ear
Slide 9: Monazite Product offtake with Currumbin Minerals
Monazite Product offtake with Currumbin Minerals Signed a MOU with Currumbin Minerals, which sets out a framework for the supply and delivery of Heavy For personal use only Mineral Sands (HMS) from Sandy Mitchell for processing at CM’s licenced treatment plant 1 Currumbin Minerals operates Austr
Slide 10: Continuous Rehabilitation and Production of a High Value Concentrate
CONTINUOUS REHABILITATION AND PRODUCTION OF A HIGH VALUE CONCENTRATE AT THE UNIQUE SANDY MITCHELL Wet Spiral beneficiation plant – either mobile or semi mobile Sparse grass with some small trees Mobile screen and slurry plant For personal use only Sand – average 11m from surface Mining Direction 50%
Slide 11: Placer REE deposits have major advantages
Placer REE deposits have major advantages PLACER DEPOSITS HAVE DISTINCT GRADE ADVANTAGES AS NATURE HAS ALREADY DONE THE CRUSHING & GRINDING Ionic Clays Hard Rocks PLACER (SANDY MITCHELL) For personal use only Capex lite and utilizing low-cost skid-mounted gravity plant Reasonable Capex Heavy, Overbu
Slide 12: Multiple near-term value drivers
Multiple near-term value drivers Mining Licence application: October 2024 Scoping Study October 2024 For personal use only Advancing processing and off-take discussions – considerable interest in Sandy Mitchell from local processors and customers seeking concentrate Environmental studies completed l
Slide 13: Drilling at Sandy Mitchell
Drilling at Sandy Mitchell For personal use only
Slide 14: Contact Information
Contact Information For personal use only Ben Emery Executive Director ben@franklinexchange.com Roger Jackson Executive Chairman roger@rjgroup.com.au 1