Ark Mines achieves major milestone with Sandy Mitchell mining licence approval. The ASX-listed explorer has secured the licence for its rare earth elements and heavy minerals project in North Queensland, marking its transition from explorer to developer. Recent drilling has identified high-value heavy minerals, while metallurgical testwork and processing trials strengthen the development pathway. An updated scoping study is imminent, followed by a pre-feasibility study expected in the second half of 2026. The shallow mineralisation and presence of rare earth-bearing heavy minerals support potential for low-cost mining using gravity-based beneficiation. A recent partnership agreement with a technology provider will advance monazite cracking trials to recover thorium and rare earth oxides.
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