Ark Mines reported results from Stage 1 drilling at the Sandy Mitchell Rare Earth Project in North Queensland.
The exploration confirmed rare earth element and heavy mineral intercepts across all samples, with an average grade per metre for total rare earth oxide + yttrium + scandium at 511 ppm.
Metallurgical tests indicated the potential for high-grade rare earth concentrates with strong recoveries using cost-effective gravity processes.
The company has entered a memorandum of understanding with Currumbin Minerals to supply and deliver heavy mineral sands from Sandy Mitchell for processing.