Ark Mines Ltd · ASX:AHK
Ark Mines — Brisbane Mining Conference (March 2024)
12 slides from Ark Mines's conference presentation, Mar 13, 2024
Slide 1: Rare Earths in a Giant Sand Pit
162.50 Dy For personal use only Presentation | March 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: Capex lite rare earth project start-up with low operational costs
A CAPEX LITE RARE EARTH PROJECT START-UP WITH LOW OPERATIONAL COSTS, NEAR-TERM DEVELOPMENT AND POTENTIALLY THE LOWEST ENVIRONMENTAL IMPACT SANDY MITCHELL For personal use only HOSTS ALL THE RARE EARTHS, HEAVY MINERALS, AND THE ONLY INLAND PHOSPHATE SURFACE EXPRESSED THE PROJECT HAS ACCESS TO QUALITY
Slide 4: A First Rate Location
A First Rate Location For personal use only 300km west of Cairns and 100km North of Chillagoe Sits on only one station – 750,000 acres in size 4
Slide 5: Sandy Mitchell is a Placer Rare Earth Sand
SANDY A MAJOR NEW RARE EARTH MINERAL PROVINCE FOR NORTH QUEENSLAND MITCHELL ➢ 147km2 EPM 2801 with enormous growth potential given < 3% of the radiometric anomaly has been drilled. For personal use only IS A ➢ The sand hosts grains of mostly monazite (light rare earths) but also Xenotime (heavy rare
Slide 6: 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 Heavy, Overburden/strip development costs, Mining Capex lite and utilizing low-cost s
Slide 7: 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 For personal use only Earth sands has produced
Slide 8: Monazite Product offtake with Currumbin Minerals
Monazite Product offtake with Currumbin Minerals ➢ Signed a MOU with Currumbin Minerals, which sets out a framework For personal use only for the supply and delivery of Heavy Mineral Sands (HMS) from Sandy Mitchell for processing at CM’s licenced treatment plant ➢ Several groups who are in the marke
Slide 9: Scale
SCALE ➢ The size of the thorium anomaly correlating with REE enriched alluvial sands within the Project tenement is 10,067 ha. Or 110km2 ➢ 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 Heavy's
Slide 10: Continuous rehabilitation at Sandy Mitchell
CONTINUOUS REHABILITATION AT SANDY MITCHELL Sparse grass with some small trees For personal use only Sand – average 11m 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 d
Slide 11: Favorable market dynamics and macro outlook
Favorable market dynamics and macro outlook For personal use only 11
Slide 12: Multiple near-term value drivers
Multiple near-term value drivers Phase 2 drilling assays soon to be received for Sandy Mitchell. For personal use only Declaration of Maiden Mineral Resource Estimate and Exploration Target thereafter Advancing processing and off-take discussions – considerable interest in Sandy Mitchell from local