Ark Mines (ASX: AHK) stage 1 drill assays confirm significant increase in rare earth grades - Kalkine Media

February 26, 2024 02:13 PM AEDT | By Sonal Goyal
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  • AHK has received 82% of assay results from the first stage of air core drilling at Sandy Mitchell Project.
  • The assays continue to confirm rare earth element and heavy mineral intercepts in every metre sampled at the project.
  • Final assay results are expected in coming weeks, followed by first assays from Stage 2 program.
  • The company is focused on generating the maiden MRE late in 2024.

Ark Mines Limited (ASX: AHK) has received 82% of assay results from the first phase of drilling at Sandy Mitchell Rare Earth and Heavy Minerals Project.  

The assays have continued to confirm significant rare earth element (REE) and heavy mineral (HM) intercepts in every interval of all holes assayed till date. The consistent REE and HM grades from the ongoing program continue to validate the company’s development strategy for the project based on low-cost, straight-forward forward beneficiation by gravity processing.

In the coming weeks, final assays are expected.

AHK shares traded at AU$0.17 apiece at the time of writing on 26 February 2024.


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