Ark Mines Ltd · ASX:AHK
Ark Mines — Shareholder Meeting (November 2025)
17 slides from Ark Mines's shareholder meeting presentation, Nov 21, 2025
Slide 1: Ark Mines Ltd AGM
For personal use only The ONLY Inland Surface Expressed Australian Rare Earths on Placer Deposit (in sands) to host rare earths on the ASX the fast track to production ‘Nature has already done our crushing and grinding’ Simple metallurgy; gravity and magnetic in- situ processing, no ARK MINES LTD AG
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 AN EXPERIENCED TEAM ASX Code Roger Jackson Benjamin Emery Ian Mitchell Executive Chairman CEO _ MD Non-Executive Director 69.3m Geologist with 25+ years in Metals 30+ years in Legal For personal use only Shares on Issue 30+ years in marketing, metals and Corporate in the explo
Slide 4: Sandy Mitchell: Australia's Next Large-Scale Rare Earths Project
SANDY MITCHELL: AUSTRALIA’S NEXT LARGE-SCALE RARE EARTHS PROJECT Favourable location in North Queensland MULTIPLE INVESTMENT ATTRACTIONS AND VALUE DRIVERS 4.5% For personal use only Major resource Advantages Huge Multiple near- with scale and Government over clay-based Low capex Leveraged to explora
Slide 5: $4.5M Investment by the Queensland Investment Corporation (QIC)
$4.5M INVESTMENT BY THE QUEENSLAND INVESTMENT CORPORATION (QIC) Under Queensland’s growing status as a leading resources jurisdiction • $4.5m investment by the Queensland Investment Corporation (QIC) to support development at Sandy Mitchell • Comprises $4m in up-front funding tied to royalties based
Slide 6: REEs Hosted in Mineral Sands Deliver Major Processing Advantages
REE’s HOSTED IN MINERAL SANDS DELIVER MAJOR PROCESSING ADVANTAGES PLACER DEPOSITS HAVE DISTINCT GRADE ADVANTAGES AS NATURE HAS ALREADY DONE THE CRUSHING & GRINDING Placer Deposit (Sandy Mitchell) Ionic Clay Deposits Hard-Rock Deposits For personal use only CAPEX Capex lite and using low-cost skid-mo
Slide 7: Robust Stage Measured Mineral Resource Estimate
ROBUST STAGE 1 MEASURED MINERAL RESOURCE ESTIMATE POTENTIAL FOR SIGNIFICANT RESOURCE EXPANSION Measured Mineral Resource Estimate (MRE) of 71.8 Mt @ 1,732.7 ppm Monazite Equivalent calculated using a 700ppm MzEq lower cut-off grade AHK ASX Announcement 2 October 2024 For personal use only Resource i
Slide 8: Exploration Target Confirms World-Class Placer REE Deposit
EXPLORATION TARGET CONFIRMS WORLD-CLASS PLACER REE DEPOSIT REE deposit in a sand pit¹ 1.3 BILLION TONS TO 1.5 BILLION TONS @ 1,386 TO 1,580 PPM MONAZITE EQUIVALENT¹ For personal use only Exploration Target Area Map (refer image to the right): • The JORC Exploration Target is highlighted in yellow •
Slide 9: Sandy Mitchell Sits on a Single Land Holding
SANDY MITCHELL SITS ON A SINGLE LAND HOLDING For personal use only • 100%-owned EPM 28013 covering ~90km2 • 105 km northwest of Chillagoe and 203 km west northwest of Cairns, on Mount Mulgrave Station • Comprises 49 sub-blocks with permit name. Only one landowner Investor Presentation | ASX: AHK OTC
Slide 10: Gravity Beneficiation Delivers Excellent Concentrate + Recoveries
PHASE 1 GRAVITY BENEFICIATION DELIVERS EXCELLENT CONCENTRATE + RECOVERIES CONCENTRATE ASSAYS RETURNED 52% TREO AND RECOVERIES OF ~72% (EST.) • First pass un-optimised beneficiation test work of Sandy Mitchell’s REE sands For personal use only produced a high-grade rare earth concentrate • 50% waste
Slide 11: Metallurgical Improvements Underway
METALLURGICAL IMPROVEMENTS UNDERWAY ADVANCED METALLURGY WORK EXPECTED TO FURTHER STRENGTHEN COMMERCIAL DEVELOPMENT STRATEGY • Specialist consultants IHC Mining have commenced a detailed metallurgical testing program to improve both the beneficiation and For personal use only mineral separation proce
Slide 12: Continuous Rehabilitation and Production of a High Value Concentrate
CONTINUOUS REHABILITATION AND PRODUCTION OF A HIGH VALUE CONCENTRATE LOW IMPACT MINING LOW ENVIRONMENTAL IMPACT • No Drill and Blast • No Chemicals • No overburden • No Salts and Acids Wet Spiral • No clay to deal with • Simple digging For personal use only beneficiation • Only 12m deep • In situ pr
Slide 13: Scoping Study Outcomes
SCOPING STUDY OUTCOMES ‘Base Case’ to confirm project is commercial with significant potential upside Highlights • Completed December 2024; Potential for a large source of Australian zircon and a monazite and xenotime REMC (Rare Earth Mineral Concentrate) For personal use only • ‘Base Case’ report w
Slide 14: Environmental Authorisation Approval for Sandy Mitchell Rare Earth Project
ENVIRONMENTAL AUTHORISATION APPROVAL FOR SANDY MITCHELL RARE EARTH PROJECT • Environmental Authorisation for the Sandy Mitchell Rare Earths project has been issued by the Queensland Department of Environment, Tourism, For personal use only Science and Innovation in accordance with the Environmental
Slide 15: Estimated Development Timeline
ESTIMATED DEVELOPMENT TIMELINE Subject to third-party completion dates 2025 2026 2027 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Stage-3 infill drill program For personal use only Metallurgy – Stage 1 & 2 All metallurgical improvements Measured resource upgrade Receipt of Mining License Updated Scoping Study Pre
Slide 16: Drilling at Sandy Mitchell
DRILLING AT SANDY MITCHELL For personal use only Investor Presentation | ASX: AHK OTCQB: AHKMF www.arkmines.com | Page 16
Slide 17: Management Details / Investor Information
For personal use only Management Details Investor Information Ben Emery Managing Director and CEO ben@franklinexchange.com Roger Jackson Executive Chairman roger@rjgroup.com.au