{"id":11724,"date":"2024-07-02T03:51:38","date_gmt":"2024-07-02T03:51:38","guid":{"rendered":"https:\/\/economicherald.net\/?p=11724"},"modified":"2024-07-02T03:51:38","modified_gmt":"2024-07-02T03:51:38","slug":"ark-mines-flags-up-to-1-5bt-rare-earths-exploration-target-in-queensland","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=11724","title":{"rendered":"Ark Mines flags up to 1.5Bt rare earths exploration target in Queensland"},"content":{"rendered":"<p>Ark Mines has defined a 1.3-1.5 billion tonne exploration target at its Sandy Mitchell project<br \/>\nSandy Mitchell could be one of the largest surface-expressed rare earth projects globally<br \/>\nPrefeasibility study underway and further exploration is planned<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report:<\/em> Ark Mines has defined an exploration target for its Sandy Mitchell rare earths project in Queensland of between 1.3-1.5 billion tonnes at 1,250 to 1,490 ppm monazite equivalent, potentially placing it as one of the largest surface-expressed<\/strong> <strong>rare earth projects globally.<\/strong><\/p>\n<p>Just like the recently announced maiden indicated mineral resource of <a href=\"https:\/\/stockhead.com.au\/resources\/ark-mines-has-a-21-7mt-rare-earths-mineral-sands-resource-at-sandy-mitchell\/\"><strong>21.7Mt at 1,419ppm monazite equivalent<\/strong><\/a>, the exploration target is based on mineralisation from surface down to an average depth of ~11 metres.<\/p>\n<p>This means there is no overburden removal, with simple mining and low environmental impact smoothing the likely development pathway for the company.<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/ark-mines-ahk\/\"><strong>Ark Mines (ASX:AHK)<\/strong><\/a> notes that the potential quantity and grade of the exploration target remains conceptual in nature as further exploration may or may not result in estimation of a mineral resource.<\/p>\n<p>\u00a0<\/p>\n<p>The Sandy Mitchell project with the JORC exploration target highlighted in yellow. Pic via AHK<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Large and simple to mine<\/strong><\/h2>\n<p>The exploration target includes a basket of high value Heavy Minerals totalling 15.6 to 22.3 million tonnes of contained HM, comprised of:<\/p>\n<p>Monazite from 781,000 tonnes to 1,119,000 tonnes, grading from 590ppm to 710ppm<br \/>\nXenotime from 103,000 tonnes to 148,000 tonnes, grading from 80ppm to 90ppm<br \/>\nZircon from 810,000 tonnes to 1,160,000 tonnes, grading from 620ppm to 730ppm<br \/>\nRutile from 721,000 tonnes to 1,032,000 tonnes, grading from 550ppm to 650ppm; and,<br \/>\nIlmenite from 13,169,000 tonnes to 18,855,000 tonnes, grading from 10,000ppm to 11,930 ppm.<\/p>\n<p>24% of the TREO basket consists of magnet rare earths neodymium, praseodymium, dysprosium and terbium, positioning Sandy Mitchell as one of Australia\u2019s most enriched MREO deposits.<\/p>\n<p>\u201cThe sheer scale of the Sandy Mitchell exploration target, up to 1.5 billion tonnes, delivers a clear statement that this is one of the world\u2019s largest surface-expressed, sand-based placer rare earth deposits,\u201d Ark executive director Ben Emery said.<\/p>\n<p>\u201cWith the consistent grades of rare earths and heavy minerals from surface to only ~11 metres deep, we are working with an exceptionally large and very simple deposit with an extremely low environmental impact.\u201d<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<h2><strong>Pre-feasibility study underway<\/strong><\/h2>\n<p>The pre-feasibility study for the project is now underway, along with an expanded phase 2 mineral resource adding to the maiden resource \u2013 which was developed from only 1.2% of the available anomaly area at Sandy Mitchell.<\/p>\n<p>The PFS is expected to be reported in Q4 CY2024, with Ark targeting the development of a straightforward, low capex gravity separation plant that produces a monazite concentrate with heavy mineral sands credits.<\/p>\n<p>\u201cSandy Mitchell has considerable advantages over projects where rare earths are housed in ionic clays or hard rock material,\u201d Emery said.<\/p>\n<p>\u201cMost of the processing has already been done by mother nature, so to produce a monazite concentrate, simple low-cost gravity separation is all that is required.<\/p>\n<p>\u201cOur pre-feasibility study, which has commenced, will illustrate this.<\/p>\n<p>\u201cWhile pre-feasibility work continues, we are also busy incorporating the second phase of drilling into an updated MRE and we are now advancing on mining and other relevant project development permits.\u201d<\/p>\n<p>In addition, further exploration is planned for 2024 to test the exploration target across its entire area with a grid of 189 auger holes.<\/p>\n<p>Drilling is planned to commence in July and run until the wet season.<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Ark Mines, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/ark-mines-flags-up-to-1-5bt-rare-earths-exploration-target-in-queensland\/\">Ark Mines flags up to 1.5Bt rare earths exploration target in Queensland<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Ark Mines has defined a 1.3-1.5 billion tonne exploration target at its Sandy Mitchell project Sandy Mitchell could be one of the largest surface-expressed rare <a href=\"https:\/\/economicherald.net\/?p=11724\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":11725,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ark Mines flags up to 1.5Bt rare earths exploration target in Queensland - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=11724\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ark Mines flags up to 1.5Bt rare earths exploration target in Queensland - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"Ark Mines has defined a 1.3-1.5 billion tonne exploration target at its Sandy Mitchell project Sandy Mitchell could be one of the largest surface-expressed rare [more...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/economicherald.net\/?p=11724\" \/>\n<meta property=\"og:site_name\" content=\"Economic Herald\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-02T03:51:38+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=11724#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=11724\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Ark Mines flags up to 1.5Bt rare earths exploration target in Queensland\",\"datePublished\":\"2024-07-02T03:51:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=11724\"},\"wordCount\":609,\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=11724#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/AHK-Hero-Pic-1-YVHFwu.jpeg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=11724\",\"url\":\"https:\\\/\\\/economicherald.net\\\/?p=11724\",\"name\":\"Ark Mines flags up to 1.5Bt rare earths exploration target in Queensland - Economic Herald\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=11724#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=11724#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/AHK-Hero-Pic-1-YVHFwu.jpeg\",\"datePublished\":\"2024-07-02T03:51:38+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=11724#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=11724\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=11724#primaryimage\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/AHK-Hero-Pic-1-YVHFwu.jpeg\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/AHK-Hero-Pic-1-YVHFwu.jpeg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=11724#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/economicherald.net\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ark Mines flags up to 1.5Bt rare earths exploration target in Queensland\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"name\":\"Economic Herald\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/economicherald.net\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\",\"name\":\"Economic Herald\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"width\":850,\"height\":760,\"caption\":\"Economic Herald\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ark Mines flags up to 1.5Bt rare earths exploration target in Queensland - Economic Herald","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/economicherald.net\/?p=11724","og_locale":"en_US","og_type":"article","og_title":"Ark Mines flags up to 1.5Bt rare earths exploration target in Queensland - Economic Herald","og_description":"Ark Mines has defined a 1.3-1.5 billion tonne exploration target at its Sandy Mitchell project Sandy Mitchell could be one of the largest surface-expressed rare [more...]","og_url":"https:\/\/economicherald.net\/?p=11724","og_site_name":"Economic Herald","article_published_time":"2024-07-02T03:51:38+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/economicherald.net\/?p=11724#article","isPartOf":{"@id":"https:\/\/economicherald.net\/?p=11724"},"author":{"name":"","@id":""},"headline":"Ark Mines flags up to 1.5Bt rare earths exploration target in Queensland","datePublished":"2024-07-02T03:51:38+00:00","mainEntityOfPage":{"@id":"https:\/\/economicherald.net\/?p=11724"},"wordCount":609,"publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"image":{"@id":"https:\/\/economicherald.net\/?p=11724#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/07\/AHK-Hero-Pic-1-YVHFwu.jpeg","articleSection":["Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/economicherald.net\/?p=11724","url":"https:\/\/economicherald.net\/?p=11724","name":"Ark Mines flags up to 1.5Bt rare earths exploration target in Queensland - Economic Herald","isPartOf":{"@id":"https:\/\/economicherald.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/economicherald.net\/?p=11724#primaryimage"},"image":{"@id":"https:\/\/economicherald.net\/?p=11724#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/07\/AHK-Hero-Pic-1-YVHFwu.jpeg","datePublished":"2024-07-02T03:51:38+00:00","breadcrumb":{"@id":"https:\/\/economicherald.net\/?p=11724#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/economicherald.net\/?p=11724"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/?p=11724#primaryimage","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/07\/AHK-Hero-Pic-1-YVHFwu.jpeg","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/07\/AHK-Hero-Pic-1-YVHFwu.jpeg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/economicherald.net\/?p=11724#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/economicherald.net\/"},{"@type":"ListItem","position":2,"name":"Ark Mines flags up to 1.5Bt rare earths exploration target in Queensland"}]},{"@type":"WebSite","@id":"https:\/\/economicherald.net\/#website","url":"https:\/\/economicherald.net\/","name":"Economic Herald","description":"","publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/economicherald.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/economicherald.net\/#organization","name":"Economic Herald","url":"https:\/\/economicherald.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","width":850,"height":760,"caption":"Economic Herald"},"image":{"@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/11724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11724"}],"version-history":[{"count":0,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/11724\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/media\/11725"}],"wp:attachment":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}