Slide 1: Investor Presentation: Multi-commodity strategy with near term development
INVESTOR For personal use only PRESENTATION Multi-commodity strategy with near term development May 2023 1 M A ARK Y 2 0 2MINES 3 I N V E S- TASX:AHK O R P R E S E -N TIAN T IV ONESTOR PRESENTATION
Slide 2: Disclaimer
Disclaimer For Consideration The information contained in this presentation has been provided by Ark Mines Ltd Such forecasts, prospects or returns are by their nature subject to significant (Company) and other sources identified herein. The information contained in this uncertainties and contingenc
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 44,615,728 30+ years in exploration, development and 30+ years in exploration, development and 30+ years in exploration, development and
Slide 4: Investor Highlights
01. The Upside Projects with low start-up capex and near-term development potential with exploration upside. For personal use only INVESTOR HIGHLIGHTS 02. The Focus MULTI-COMMODITY Primary focus is on critical minerals – rare earths, nickel and copper. NEAR-TERM PROJECT DEVELOPER FOCUSED 03. Project
Slide 5: Project Summary
Project Summary 3 Quality projects in a Tier 1 mining jurisdiction ➔ 147km2 EPM 28013 ‘Sandy Mitchell’ – an advanced Rare Earths Project in North Queensland + 138km2 of sub blocks under application ➔ Very high historical TREO grades including high grade pan concentrates of: > 18.4% TREO, 17.4% TREO,
Slide 6: Sandy Mitchell REE HM Project location
For personal use only Sandy Mitchell REE HM Project location - 300km west of Cairns and 100km North of Chillagoe MAA Y R 2 0K 23 M IN INV E SE T OSR -P ASX:AHK R E S E N T A T I-O NI N V E S T O R PRESENTATION 6
Slide 7: Australian Rare Earths: Sandy Mitchell
Australian Rare Earths SANDY MITCHELL Expected Returns To Investors Historical Panned Concentrate sampling results For personal use only show excellent grades for TREO (Total Strategic High-grade Initial low capex, aiming to begin first production FYQ1-2024 and Forward Works Rare Earth Oxide) with h
Slide 8: Well advanced compared to other rare earth projects
Well advanced compared to other rare earth projects Advanced in Comparison SANDY MITCHELL ➔ Placer deposits have distinct advantages over hard rock add clay-base rare earth projects For personal use only Placer (Sandy Mitchell) Ionic Clays Hard Rocks ➔ Capex lite and utilizing low-cost skid-mounted
Slide 9: Nature has done the work for us
Nature has done the work for us Nature Did The Work For Us SANDY MITCHELL JOGMEC1 Mineral In Comparison; ! Particle Analysis JOGMEC1 in 2010 undertook a comprehensive particle mineral analysis of the Sandy The process to get a particle in Mitchell Rare Earths and Heavy Minerals hard rock rare earths
Slide 10: Globally Competitive REE Grades
Globally Competitive REE Grades SANDY MITCHELL Pan Sampling Program For personal use only • Historical work program includes partial mineral analysis and pan concentrates, plus ~100 auger drill holes (refer previous page) • From a total of 10 pan concentrate samples, five returned historical TREO gr
Slide 11: Scale
Scale SANDY MITCHELL For personal use only ➔ 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 t
Slide 12: High-Grade rare earths and Heavy Minerals recovered in Pan concentrate
High – Grade rare earths and Heavy Minerals recovered in Pan concentrate ∙ A single panned concentrate sample using XRF technology returns 29% TREO; significantly exceeds historical grades first reported in late March For personal use only 2023 and importantly validates historical sampling.* ∙ High
Slide 13: Sand Sample Assay XRF
Sand Sample Assay XRF Component Al2O3 CaO CeO2 Cr2O3 Dy2O3 Fe2O3 Gd2O3 HfO2 La2O3 MgO MnO Nd2O3 For personal use only Chillagoe Sand mass % 0.882 0.532 13.895 0.027 bdl 10.181 0.602 0.325 6.226 0.171 0.241 5.362 Component P2O5 Pr6O11 PbO SiO2 Sm2O3 SrO TiO2 ThO2 U3O8 Y2O3 ZnO ZrO2 Chillagoe Sand mas
Slide 14: Drilling is Underway
Drilling is Underway SANDY MITCHELL ∙ ~1,000m of Phase 1 drill program now been completed, with REE mineralisation visible at end-of-hole For personal use only (15-18m) in the target area; 5 days of drilling remains ∙ Mineralisation is more than 2x the depth encountered historically ∙ Assay results
Slide 15: Drilling is Underway
Drilling is Underway For personal use only 15 M A ARK Y 2 0 2MINES 3 I N V E S- TASX:AHK O R P R E S E -N TIAN T IV ONESTOR PRESENTATION
Slide 16: 2023 work streams and value drivers
2023 work streams and value drivers 2023 Work Streams & VALUE DRIVERS Action: Q2 2023 Q3 2023 Q4 2023 Apr May Jun Jul Aug Sep Oct Nov Dec For personal use only Ongoing historical data review Sandy Mitchell maiden 1,000 metre air core drill program Magnetic separation work Sandy Mitchell assays Maide
Slide 17: Gunnawarra Nickel-Cobalt Project
For personal use only Gunnawarra Nickel-Cobalt Project MAA Y R 2 0K 23 M IN INV E SE T OSR -P ASX:AHK R E S E N T A T I-O NI N V E S T O R PRESENTATION
Slide 18: Gunnawarra: Nickel-Cobalt Project
Gunnawarra: NICKEL-COBALT PROJECT SIGNIFICANT DRILLHOLE INTERSECTIONS For personal use only • 3m @ 1.2% NiEq from 6m, plus 3m @ 1.2% NiEq from 6m, plus 1m @ 0.81% NiEq from 17m, plus 1m @ 1.14% NiEq from 32m • 2m @ 0.96% NiEq from 4m, plus 1m @ 0.73% NiEq from 12m, plus 1m @ 0.90% NiEq from 29m • 3m
Slide 19: Mt Jesse Copper Project
For personal use only Mt.Jesse Copper Project MAA Y R 2 0K 23 M IN INV E SE T OSR -P ASX:AHK R E S E N T A T I-O NI N V E S T O R PRESENTATION 19
Slide 20: Mt Jesse: Copper Project
Mt.Jesse: COPPER PROJECT West of Mt Garnet ~25km west of Mt Garnet and ~176km from Cairns Copper-Rich Magnetite Skarn For personal use only Centered on a copper rich magnetite skarn associated with porphyry style mineralization; historical rock chips up to ~21% Cu and drilling up to 2.11% Cu* Histor
Slide 21: Investment Highlights
For personal use only Investment Highlights MAY 2023 INVESTOR PRESENTATION
Slide 22: Combined Company Investment Highlights
Combined Company INVESTMENT HIGHLIGHTS For personal use only Immediate focus is Advancing processing Pursuing near-term Mt Jesse Copper project 1,000m air core drill and off-take discussions development and Pluton Gold assets program at Sandy – considerable interest in v opportunities at add further
Slide 23: Competent Persons Statement
Competent Persons Statement The Information in this report that relates to exploration results, mineral resources or ore reserves is based on information compiled by Mr Roger Jackson, who is a Fellow of the Australian Institute of Mining and Metallurgy and a Fellow of the Australasian Institute of G