Ark Mines Ltd · ASX:AHK
Ark Mines — Investor Presentation (September 2023)
14 slides from Ark Mines's investor presentation, Sep 20, 2023
Slide 1: Sand Hosted Rare Earths
162.50 Dy 66 Investor presentation | September 2023 | ASX: AHK SAND HOSTED RARE EARTHS
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 44,615,728 Share price ~$0.20 Options on issue 15,172,500 Market capitalisation $9.00M Cash balance (approx.) $3.01M Top 20 shareholders Company personnel Name Position Experience Roger Jackson Executive Chairman 30+ yea
Slide 4: Sandy Mitchell: one of the only inland surface expressed placer deposits to host rare earths on the ASX
A PROJECT WITH LOW START-UP CAPEX LOW OPERATIONAL COST AND NEAR-TERM DEVELOPMENT POTENTIAL WITH LOW ENVIRONMENTAL IMPACT SANDY MITCHELL HOSTS ALL THE RARE EARTHS, PLUS HEAVY MINERAL ONE OF THE ONLY AND PHOSPHATE INLAND SURFACE EXPRESSED THE PROJECT HAS ACCESS TO QUALITY NEARBY PLACER DEPOSITS INFRAS
Slide 5: The opportunity: Sandy Mitchell is a placer sand
THE OPPORTUNITY SANDY Ø EV’s, wind turbines, robotics and domestic appliances require Rare Earth Elements Ø Western World is seeking sustainable independent supply chains Ø Queensland is pushing its Critical Minerals credentials MITCHELL THE SANDY MITCHELL PROJECT Ø 147km2 EPM 28013 ‘Sandy Mitchell’
Slide 6: Sandy Mitchell REE HM Project location
Sandy Mitchell REE HM Project location 300km west of Cairns and 100km North of Chillagoe
Slide 7: Sandy Mitchell: The unique Australian Rare Earths opportunity
Sandy Mitchell: The unique Australian Rare Earths opportunity Location, Location, Location o Advanced REE Project in North Queensland (EPM 28013) , 100km NW of Chillagoe Historical pan-concentrate sampling results o Sits on only one station – 750,000 acres in size show globally competitive grades fo
Slide 8: Sandy Mitchell: Historical sampling program
Sandy Mitchell: Historical sampling program Pan sampling program o Historical work program includes particle mineral Location of high-grade Pan Stage 1 Air Core analysis and pan concentrates, plus ~100 augur drill Concentrate samples which Drilling in Red Box holes. define follow-up exploration targ
Slide 9: 1st Phase Drilling completed
1 Phase Drilling completed st 1,500M PHASE 1 SANDY MITCHELL DRILL PROGRAM 1 ANALYSIS INDICATES REE MINERALISATION IN ALL HOLES 2 · Mineralisation is more than twice the depth encountered historically; 144 holes completed for 1,505 metres, with average · 144 drill holes completed with preliminary ass
Slide 10: 2nd phase drilling to commence soon
2nd phase drilling to commence soon STAGE 2 AUGUR DRILL RIG CONFIRMED1 ENVIRONMENTAL SCOPING STUDY COMPLETED – NO RED FLAGS 2 · A hydraulic driven Augur Rig capable of being modified to drill • Initial Environment Scoping Study (ESS) commissioned by Northern sands has been acquired by Ark Mines to d
Slide 11: Continuous mining & continuous rehabilitation
CONTINUOUS MINING & CONTINUOUS REHABILATION SANDY MITCHELL Sparse grass with some small trees Sand – average 10m from surface Mining Direction Metamorphic Basement LOW IMPACT MINING LOW ENVIRONMENTAL IMPACT ü No Drill and Blast ü No Chemicals ü No overburden ü No Salts No Acids ü No clay to deal wit
Slide 12: 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) Capex Heavy, Overburden/strip development costs, Mining Capex lite and utilizing low-cost skid-mounted gravity
Slide 13: 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 14: Combined company investment highlights
Combined company investment highlights Immediate focus on Phase 2 drill program at Sandy Mitchell, undertake further metallurgical test work and apply for Mining Licence Advancing processing and off-take discussions – considerable interest in Sandy Mitchell from local processors and customers seekin