ARES Strategic Mining is publicly traded on CSE: ARS | FRA: N8I1 | OTC: ARSMF
Technical Overview
Overview of Our Geological Assets
At Ares Strategic Mining, we are proud to steward some of the most promising fluorspar deposits in North America, strategically located to meet growing domestic demand.
Our flagship Lost Sheep Fluorspar Project in Juab County, Utah, spans over 5,765 acres across 302 claims, positioning us as a key player in revitalizing U.S. critical mineral production. You can read more about the mine’s history here. With a focus on high-grade resources and innovative exploration, we are unlocking value for investors through efficient, sustainable mining practices.
Geological Setting
The Lost Sheep Mine is situated in the renowned Spor Mountain mining district, an area with a rich history of fluorspar production dating back to the 1940s. This region hosts volcanic-epithermal fluorspar deposits, classified as sub-alkaline epithermal types, known for their high purity and accessibility. The earliest known photos of the Lost Sheep Mine were taken in 1953!
The underlying geology features a series of dolomite formations, including the Bell Hill, Harrisite, and Lost Sheep Dolomites. These strike at approximately 040-045° and dip 37-42° northwest, intruded by breccias and intersected by faults that control the distribution of fluorspar mineralization. This structural framework has enabled the formation of extensive, high-grade fluorspar pipes and zones with minimal impurities, making our deposits ideal for commercial extraction.
Recent geophysical surveys have revealed large anomalies indicating potential additional fluorspar-mineralized zones, further expanding our resource base and offering exciting growth opportunities for shareholders.
Drilling Discovery
Works
Key Geological Features from Visuals
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Deposit Style and Structure:
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Fluorspar occurs in breccia pipes and vein-like structures typical of the Spor Mountain fluorspar district.
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The Purple Pit (historic open pit) and LGP are linked, forming a larger continuous mineralized system rather than isolated deposits. Drilling confirms connections between them, with high-grade zones extending from surface to depth.
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Mineralization is hosted in volcanic breccias, limestone/dolostone, and related alteration zones.
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Grade Distribution and High-Grade Zones:
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High-grade fluorspar (CaF₂ >60-80%, often 80-100%) dominates in purple-shaded zones, shown as continuous pods or lenses.
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Specific intercepts and intervals include:
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51.42% CaF₂ over 25.9 m
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63.27% CaF₂ over 6.1 m
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45.46% CaF₂ over 12.2 m
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Zones with 80%+ purity noted in un-mined extensions.
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Medium-grade (20-50% CaF₂) and disseminated/low-grade (<15-20% CaF₂) surround the cores, providing blending potential.
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Color-coded drill hole sections show consistent high-grade hits (red/orange/yellow for 40-100% CaF₂) along multiple sections with breccia (fluorite-rich) marked in purple.
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Depth and Open Extensions:
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Mineralization remains open at depth below ~60 m in the Purple Pit area (e.g., from ~1,580 m RL downward).
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Vertical extent shown in cross-sections: high-grade pods extend 30-60 m+ below historic pit bottoms, with one profile indicating openness downward.
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Lateral continuity: Drill fences fan out from the Purple Pit, tracing mineralization over tens to hundreds of meters, suggesting expansion potential along strike.
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3D Model Visualization:
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The 3D rendering depicts the mineralized body as irregular, pod-shaped masses (purple/magenta) embedded in surrounding rock.
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Drill traces pierce through these bodies, confirming geometry.
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Surface topography shows the historic Purple Pit depression, with mining infrastructure (roads, equipment) nearby.
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Implications for Resource Potential
These graphics support the narrative of a high-grade, near-surface fluorspar system amenable to open-pit and underground mining. The company emphasizes:
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Extensive high-grade material ready for immediate extraction (e.g., "purple stuff" visible in mining updates).
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Low-impurity fluorspar suitable for both metallurgical (lumps) and acid-grade (flotation) production.
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Potential for mine life extension through depth and strike extensions, though unquantified without formal resource modeling.
The visuals align with Ares' strategy: mining high-grade zones first to stockpile ore ahead of plant commissioning (lumps plant Q2 2026, flotation Q4 2026), supporting DoD contract deliveries. These diagrams and models provide strong visual evidence of the deposit's quality and continuity, underpinning Ares' transition to active producer status in 2026.
Resource Highlights
Our NI 43-101 Technical Report confirms extensive high-grade fluorspar resources with low impurity levels, allowing for direct sale of metspar without initial beneficiation in many cases. The naturally occurring fluorite (CaF2) at Lost Sheep is among the purest available, supporting production of both metallurgical-grade (60-96% CaF2) and acid-grade (+97% CaF2) fluorspar.
In addition to fluorspar, laboratory analysis in partnership with Iowa State University and Ames National Laboratory has identified valuable by-products, including germanium (up to 1,500 ppm in samples) and gallium. These critical minerals enhance the project's economic potential, providing diversified revenue streams and aligning with U.S. strategic priorities in technology and defense sectors.
Resource Estimates
While we maintain an updated NI 43-101 Technical Report detailing geology, exploration, and project viability, the Company pursued a similar development model to quarries, advancing to a production strategy where 2-3 years of targets are defined and mined, with follow on work focusing on defining the next mining targets for subsequent mining operations. This approach was informed by the non-contiguous nature of the orebody, with hundreds of separated fluorspar mineralized pipes not allowing for interpolation between drill holes to create a global resource.
NI 43-101 guidelines allow qualified issuers to proceed to production without these formal estimates by using internal assessments, historical production data, past operations in the district, and engineering work to support the decision, particularly for ventures with proven deposit characteristics and minimal processing needs. The Lost Sheep Project benefits from this flexibility, as the fluorspar occurs naturally at high grades, the site is fully permitted (including mining approvals), and operations draw on historical knowledge and operations from the Spor Mountain district.
This approach enables faster advancement toward cash flow and profitability, minimizing unnecessary delays and costs while still adhering to disclosure requirements through our Technical Report. It reflects confidence in the project's straightforward nature and positions us to deliver value to investors more efficiently as we transition to full production.
With fully permitted operations and a track record of successful delineation drilling, connecting primary targets and extending mineralization depths by 50-60 meters, we are well-positioned for scalable production. This robust resource foundation not only de-risks our operations but also promises strong returns as we ramp up to meet market needs.
Financially backed by both US Federal & State Government.
What does ARES own?
THE LOST SHEEP MINE - 5,982 acres and 353 claims in Delta, Utah.
ALL PERMITTING RIGHTS - Fully permitted, including mining permits.
50-ACRE PROCESSING FACILITY - Situated in Delta, just miles from the mine.
LUMPS PLANT - Currently under construction.
FLOTATION PLANT - The only one of its kind in the USA, awaiting construction.
RAIL SPUR - Connected to Union Pacific Railroad mainline for shipping product.
HEAVY MACHINERY - Full range of loaders, dozers and excavators.
How do I invest in ARES?
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Join Our Journey
ARES Strategic Mining is a publicly traded company on the Canadian Stock Exchange (CSE: ARS), the Frankfurt Stock Exchange (FRA: N8I1) and the OTC market (OTC: ARSMF).
Shares can be purchased through your preferred brokerage and on popular trading platforms such as Fidelity, Charles Schwab, Interactive Brokers, Webull and many others.
You can get in contact with us on info@aresmining.com
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