Ark & Darcys Projects

The Ark Project consists of approximately 90km² of Exploration licences adjacent to Hastings Technology Metal Ltd’s Yangibana REE Project 250 km northeast of Carnarvon in Western Australia. The tenements cover a portion of the folded Narimbunna Dolerite sequence within the Proterozoic Capricorn Orogen in Western Australia’s Gascoyne region.  MBK acquired this project from HAS in December 2025.

In recent years, there has been increased interest in the gold prospectivity in the Gascoyne region. In January 2025, Benz Mining Corp (ASX:BNZ) acquired the 510koz Glenburgh Gold Project and has since delivered a new high grade gold discovery (refer BNZ ASX Release dated 3 April 2025 “Benz Delivers a new high grade gold discovery at Glenburgh”)   and in May 2025, committed to 30,000 metres of drilling at this project.  In addition, Western Yilgarn (ASX:WYX) is also exploring for gold in the region, following the acquisition of three exploration licences (E09/2986, E09/2987 and E09/2988) covering a total area of 201km2 300km east of Carnarvon (Refer WYX ASX Release dated 6 May 2025 “WYX Secures new gold project within Gascoyne region in Western Australia”).

The Darcys Project is currently under application for an exploration licence covering approximately 100km² in the East Kimberley region of Western Australia, immediately adjacent to the Nicolsons Gold Mine and within the historical Halls Creek gold mining area which hosts known base and precious metal mineralisation.  The Butcher’s Creek gold project held by WIN Metals (ASX:WIN) is located several kilometres east which holds  5.23Mt @ 1.91g/t Au for 321koz Au (Refer WIN ASX release dated 16 April 2025 “WIN advances Butchers Creek towards development following Resource Update”).