AHK 0.00% 15.0¢ ark mines limited

Ann: Completion of Stage 1 REE Assays at Sandy Mitchell, page-3

  1. 9,997 Posts.
    lightbulb Created with Sketch. 2480
    That analysis has an error -
    Its OK to take 5 tonnes/cubic metre for Iluka's monazite pile (because it is assumed to be all monazite, which has a specific gravity of ~4.6 - 5.4) but for AHK's situation we should use the density of the bulk sand as it exists in situ. - say maybe 3 tonnes/cubic metre.
    That drops the tonnage of monazite recoverable from 3% of the prospective area to 277,000. - Or if extended over the whole area to 9.2 million tonnes.

    But as I say these are only rough calcs, and the density of sand depends on how compacted it is, as well as the actual minerals contained. To say the density is 3 units allows for strong compaction over many years, and known dense minerals. However the result is still only a guide to possible outcomes.

    Please make your own judgements.
 
watchlist Created with Sketch. Add AHK (ASX) to my watchlist
(20min delay)
Last
15.0¢
Change
0.000(0.00%)
Mkt cap ! $8.317M
Open High Low Value Volume
15.5¢ 15.5¢ 15.0¢ $3.413K 22.05K

Buyers (Bids)

No. Vol. Price($)
1 43969 15.0¢
 

Sellers (Offers)

Price($) Vol. No.
18.0¢ 470 2
View Market Depth
Last trade - 12.29pm 09/05/2024 (20 minute delay) ?
Last
15.5¢
  Change
0.000 ( 0.00 %)
Open High Low Volume
15.5¢ 15.5¢ 15.5¢ 12425
Last updated 12.29pm 09/05/2024 ?
AHK (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.