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ark mines ltd (AHK) Snapshot

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09/26/13 - A$0.10
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05/20/14 - A$0.01
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ark mines ltd (AHK) Details

ARK Mines Limited is engaged in the exploration of mineral properties in Australia. The company explores for gold, silver, lead, copper, zinc, iron, and rare earth elements. It owns 100% interest in 5 exploration projects, including the Babinda, the Nangerybone, the Bald Hills, the Byrock, and the Gundabooka located in the Lachlan Fold Belt in the central west of New South Wales. The company was founded in 2007 and is headquartered in Sydney, Australia.

Founded in 2007

ark mines ltd (AHK) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: A$128.7K
Compensation as of Fiscal Year 2013.

ark mines ltd (AHK) Key Developments

ARK Mines Seeks Acquisitions

ARK Mines Limited seeks acquisitions. The Directors have been concentrating on accessing suitable mining projects and tenements which will yield near term production as well as opportunities to increase levels of production by further exploration on such tenements along the lines of its existing Northern Territory tenements.

ARK Mines Limited, Annual General Meeting, Nov 26, 2013

ARK Mines Limited, Annual General Meeting, Nov 26, 2013., at 10:30 AUS Eastern Standard Time. Location: BDO, Level 11. Agenda: To consider and receive the Financial Report, the Directors' Report and the Auditor's Report of the Company for the year ended 30 June 2013; to adopt the Remuneration Report of the Company for the year ended 30 June 2013; and to consider that Ian Mitchell, who retires by rotation is re-elected as a director of the Company.

ARK Mines Limited Announces Audited Earnings Results for the Year Ended June 30, 2013

ARK Mines Limited announced audited earnings results for the year ended June 30, 2013. For the year, the company reported interest income of AUD 23,502 compared to AUD 81,343 a year ago. Loss from operating activities was AUD 2,670,203 compared to AUD 2,180,087 a year ago. Loss before income tax was AUD 2,671,411 compared to AUD 2,187,193 a year ago. Loss from continuing operations after income tax was AUD 2,671,411 compared to AUD 2,187,193 a year ago. Total comprehensive loss for the year was AUD 2,671,411 compared to AUD 2,187,193 a year ago. Basic and diluted loss per share was 8.22 cents compared to 7.01 cents a year ago. Net cash used in operating activities was AUD 584,089 compared to AUD 1,021,351 a year ago. Payment for exploration and evaluation expenditure was AUD 368,114 compared to AUD 720,692 a year ago.


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