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May 25, 2015 4:26 AM ET

Metals and Mining

Company Overview of ARK Mines Limited

Company Overview

Ark Mines Ltd explores for mineral properties in Australia. The company explores for gold, silver, lead, copper, zinc, and iron ore deposits. It primarily owns interest in Mt Porter and Frances Creek projects located in the Northern Territory; and the Babinda and Nangerybone tenements located in the Lachlan Fold Belt, New South Wales. The company is headquartered in Sydney, Australia.

37 Bligh Street

Level 11

Sydney, NSW 2000

Australia

Phone:

61 2 9233 2688

Key Executives for ARK Mines Limited

Managing Director and Executive Director
Age: 48
Total Annual Compensation: $124.8K
Compensation as of Fiscal Year 2014.

ARK Mines Limited Key Developments

ARK Mines Limited Announces Earnings Results for the Half Year Ended December 31, 2014

ARK Mines Limited announced earnings results for the half year ended December 31, 2014. For the half year, the company reported interest income of AUD 2,004 compared to AUD 1,867 a year ago. Loss from operating activities was AUD 749,978 compared to AUD 252,511 a year ago. Loss before income tax was AUD 749,978 compared to AUD 252,511 a year ago. Loss from continuing operations after income tax was AUD 749,978 compared to AUD 252,576 a year ago. Total comprehensive loss for the year was AUD 749,978 compared to AUD 252,576 a year ago. Basic and diluted loss per share was 2.01 cents compared to 0.75 cents a year ago. Net cash used in operating activities was AUD 87,029 compared to AUD 184,801 a year ago. Payment for exploration and evaluation expenditure was AUD 216,978 compared to AUD 21,375 a year ago.

ARK Mines Limited, Annual General Meeting, Nov 25, 2014

ARK Mines Limited, Annual General Meeting, Nov 25, 2014.

Ark Mines Limited Commences Drilling Program At Golden Honcho Project

Ark Mines Limited announced that a drilling program has now commenced at the company's Golden Honcho Project in the Northern Territory. The Golden Honcho drilling program is scheduled to take approximately 2 to 3 weeks to complete, subject to bad weather and other unexpected events. On completion of the drilling and costeaning work at Golden Honcho Ark intends to undertake a second phase of drilling with a view to defining a JORC resource at the Golden Honcho and Golden Slips deposits.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
March 24, 2015
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Private Placement
July 21, 2014
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