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Ark Mines (ASX:AHK) appoints Mr Roger A Jackson as Executive Chairman - Kalkine Media

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 Ark Mines (ASX:AHK) appoints Mr Roger A Jackson as Executive Chairman
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Highlights

  • Ark Mines (ASX: AHK) has appointed Mr Roger A Jackson as Executive Chairman
  • Mr Jackson, who was first appointed in October 2010 as a Director of the Company, has been actively involved in Ark's management and development activities
  • The company recently completed the first phase drilling program at Gunnawarra and has engaged Tony King to conduct rudimentary beneficiation test work on the mineralised nickel-cobalt (Ni-Co) laterite material

Ark Mines (ASX: AHK) has appointed Mr Roger A Jackson as Executive Chairman. Mr Jackson brings extensive experience and sound knowledge of base metal mining and exploration to the table.

Mr Jackson joined the company as a Director in October 2010, and since then, he has served as a Board Member.

Mr Jackson’s appointment came into effect on 18 November 2022. Before donning the role of Executive Chairman, he was serving as Managing Director of the company.

The appointment is in line with the Company’s plans of working towards the development of its project portfolio. The company has made significant progress, as seen in the recently published report for the quarter ended 30 September 2022.

During the quarter, the mineral exploration company achieved encouraging drilling results from its Gunnawarra project. 

AHK’s exploration portfolio consists of three high-quality projects prospective for copper, iron ore, nickel-cobalt, and porphyry gold.

Phase 1 Drilling at Gunnawarra

Data source: Company update
© 2022 Kalkine Media®

The first phase program comprised a 45-hole drilling program conducted in an area known as ‘the Pod’. It highlighted shallow robust nickel mineralisation.

Significant intersections of ‘the Pod’ include:

Data source: Company update
© 2022 Kalkine Media®

These encouraging results bolster AHK’s stated objective to extend the scope of a previously identified 2004 JORC historical mineral resource estimate at Gunnawarra and convert it to the 2012 JORC status. They also give ARK a strong platform to execute its development strategy at Gunnawarra.

Gunnawarra borders the ‘Sconi’ project operated by Australian Mines (ASX: AUZ), one of Australia’s most advanced cobalt-nickel-scandium projects.

Ark expects a significant expansion of the size of the resource with its maiden drilling program, which intersected nickel-cobalt mineralisation at depths of up to 60 metres. It is almost double the depth of the previous drilling program. The company also aims to utilise more modern drilling practices with a larger air rig.

Following the successful drilling at Gunnawarra, the company engaged Tony King to conduct rudimentary beneficiation test work on its mineralised Ni-Co laterite material, with magnetic separation being the primary focus.

The testwork and successful upgrade enable the company to conduct a more robust and commercial test program.

Events subsequent to the quarter:

  • Ark wrapped up an 844 metres reverse circulation drilling program as a second round of drilling at its 100%-owned Gunnawarra Nickel-Cobalt Project.
  • Encountered Lateritic material to the west and the southeast of previously drilled mineralisation.
  • The company has submitted samples for assay and is expecting results soon.
  • The company will apply these results together with the first phase drill results to report the maiden Mineral Resource Estimate for the Gunnawarra project.

Financial update

The company’s expenditure and evaluation expenditure during the quarter was AU$23,000.

At the time of writing this article, shares of the company were trading on the ASX at AU$0.265 apiece.

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