Ark Mines (ASX:AHK) partners for downstream production 

Ark Mines (ASX:AHK) partners for downstream production 

January 12, 2024 Off By Rueben Hale

Ark Mines has partnered with Currumbin Minerals to supply and deliver mineral sands containing heavy minerals and rare earth elements from the Sandy Mitchell Project in North Queensland, taking the company a step closer to production.

The companies have signed an MOU outlining a framework and timeline for the treatment of offtake from Ark’s sand project to Currumbin Minerals’ licensed treatment facility in South-East Queensland.

The collaboration is expected to produce Heavy Minerals and Rare Earth critical minerals concentrate to be sold by Ark at current commercial market rates. 

Currumbin Minerals uses its latest technology, a heavy mineral sands processing plant, as the most critical component to optimise end-to-end logistics. 

Ark expects market conditions for heavy minerals and rare earth elements extracted from HMS placer deposits such as Sandy Mitchell to remain robust. 

Screen Shot 2024 01 12 at 8.19.41 am

On-site loading operations for high-quality mineral sands products at the Currumbin Minerals facility.

Currumbin Minerals has just finished increasing the capacity of its HMS processing plant, which will allow for more mineral extraction. This upgrade has made it the only plant of its kind in Australia. 

Ark Executive Director Ben Emery says the goal of this partnership is to reach a Definitive Agreement within a year of signing the MOU.

“This MOU marks the next step in our commercialisation strategy for Sandy Mitchell and reflects the high degree of interest the project has received from development partners and the Queensland mining industry more broadly. 

“Currumbin Minerals are best-in-class for the processing and treatment of mineral sands, and the MOU framework has been established jointly with a high degree of cooperation in a way that leverages the respective strengths of both parties. 

“In that context, Ark Mines can benefit from Currumbin’s expertise in end-to-end logistics, including transporting raw materials and the potential export and sale of HM and REE concentrate. 

“Recent drill results reaffirmed the company’s view that Sandy Mitchell has the potential to develop into one of Australia’s premier REE projects, highlighted by strong mineralisation with simple extraction through beneficiation by gravity processing.”

ArK is planning to expand exploration and Sandy Mitchell. At the same time, it will work with commercial development experts to optimise downstream processing. 

About Currumbin Minerals 

Currumbin Minerals is a company established in Queensland, Australia, in 1948. They have been involved in heavy mineral sand production for over 70 years and are still owned and operated by the Neumann Family. They provide specialised, high-quality mineral sand products, such as Zircon, Rutile, Ilmenite and Monazite (Rare Earth), to domestic and overseas customers.

About Ark Mines Limited 

Ark Mines is an ASX-listed Australian mineral exploration company focused on developing its 100% owned projects located in the prolific Mt Garnet and Greenvale mineral fields of Northern Queensland. 

up arrow$0.15

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified. 

MO and CI logo redraw Socials Profile reversed

MarketOpen is an online media business connecting companies and investors. Through its flagship media channel the Australian publisher’s experienced journalists cover breaking news and analysis on mining, oil and gas, technology and biotechnology companies listed on the Australian Securities Exchange and other markets. MarketOpen’s video and podcasting channels feature original interviews with Australia’s small-cap corporate leaders, while its Stock Soirée networking events, Watchlist webinars, and online events connect investors and brokers with CEOs and board members. The publisher also offers a suite of agency services to its corporate members, including media, video, podcasting and social media services, along with writing, editing, reviewing and content creation services.

Contact info

Suite 3, 47 Havelock Street
West Perth WA 6005

Stewart Walters
Managing Director
+61 414 644 166

Amanda Ellis
+61 438 003 868

Important links

Follow us