Company
Australian Mines Ltd
ASX:AUZ
Australian Mines Limited is an ASX-listed exploration and development company focused on gold, critical metals and energy-storage technology across Australia and Brazil. The company is building a diversified portfolio that combines near-term gold exploration at Boa Vista with longer-term exposure to scandium, nickel, cobalt, tin, lithium and rare earth elements through its critical metals projects.
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Australian Mines begins low-cost RC drilling at Thackaringa project near Broken Hill
This drill program is anticipated to take up to three weeks to complete, with the results to be announced in accordance with the company’s continuous disclosure obligations.
Australian Mines has potential of Flemington Project enhanced by further targets
Flemington is one of the most advanced cobalt-scandium-nickel projects in NSW and AUZ is progressing it towards development although its primary focus is the Sconi project.
S&P/ASX 200 runs out of steam but adds to the week’s gain of 1.6%
Retailers Adairs and Nick Scali rallied as both retailers provided positive sales updates.
Australian Mines completes cobalt and nickel offtake sample production runs from Sconi ore
Commercial-grade cobalt sulphate and nickel sulphate is being produced from a demonstration-scale processing plant in Perth for testing by potential offtake partners.
Australian Mines identifies 14 new nickel and cobalt targets within Sconi Project
Following an independent study conducted by SRK Consulting new targets were defined, both within existing Sconi tenements and near the current tenement package.
Australian Mines managing director shows faith in battery metals strategy with on-market purchase
The company recently received firm commitments to raise $1.45 million which will be used to produce battery-grade nickel sulphate and cobalt sulphate.
Australian Mines $1.45 million placement "strong endorsement" of battery metals strategy
Funds raised will be used to produce battery-grade nickel sulphate and cobalt sulphate for potential offtake and financing partners.
Australian Mines well-positioned to service expected battery metals demand increase
The company’s priority remains advancing discussions with potential offtake partners for the Sconi Cobalt-Nickel-Scandium Project.
Australian Mines committed to achieving 100% Carbon Neutral Status this year
The company intends to build a sustainable business that incorporates leading Environmental, Social and Governance (ESG) practices.
Australian Mines starts production runs to supply Sconi battery-grade material to potential off-takers
As well as nickel sulphate and cobalt sulphate, the demonstration plant will also be used to create high-purity scandium oxide for supply to a potential R&D partner.
Australian Mines continues to focus on developing the Sconi Cobalt-Nickel-Scandium Project
Sconi is a battery metals project and has a pre-tax NPV of $1.47 billion making it a world-class cobalt and nickel asset.
Australian Mines assigned royalty agreements for two tenements at Sconi
The company will assume the royalties in exchange for Metallica Minerals reducing the payment due upon the start of commercial production by 50%.
Australian Mines sets 2020 development agenda milestones
The emerging company is on the hunt for other offtake partners committed to serving up meaningful funding support.
Australian Mines delivers on milestones during September quarter
The company appointed experienced resources project builder Les Guthrie to the board as non-executive director starting from late November 2019.
Australian Mines updates Minnamoolka nickel-cobalt resource to meet JORC 2012 guidelines
AUZ recently initiated the largest resource extensional drilling program to date at the Flemington Cobalt-Nickel-Scandium Project in NSW.
Australian Mines strengthening Board through appointment of experienced engineer Les Guthrie
The company is an advanced battery materials developer that is seeking to extend the high-grade cobalt mineralised zone at the Flemington project in NSW.
Australian Mines begins resource extension drilling at Flemington in NSW
The drilling program is designed to extend the high-grade cobalt mineralised zone with about 10,000 metres of resource drilling planned over the next three months.
Australian Mines advances Sconi Project offtake discussions with SK Innovation
SK Innovation has advised Australian Mines that it has completed its due diligence with respect to the Sconi Project.
Australian Mines triples cobalt mineralisation footprint at Flemington
The high-grade cobalt-scandium mineralised footprint represents a tripling of the areal extent when compared to the footprint of the initial Flemington resource.
Australian Mines signs nickel cobalt off-take with SK Innovation
AUZ is now working towards securing financing for construction and commissioning of its Sconi Project.
Australian Mines directors take part in $5.8 million share purchase plan
Four directors – Michael Ramsden, Benjamin Bell, Dominic Marinelli and Michael Elias – have acquired more than 5.7 million shares.
Australian Mines receives oversubscriptions in SPP, secures $5.8 million
The oversubscriptions due to high shareholder demand have been accepted by the company.
Australian Mines drill results support extension to Flemington resource
The Flemington Project is AUZ’s second battery materials project after its flagship Sconi Nickel-Cobalt-Scandium Project.
Australian Mines cobalt and scandium assays indicate potential for Flemington resource boost
Initial results indicate that mineralisation may extend more than 1-kilometre beyond the boundary of the current resource.
Australian Mines envisages $5 billion in free cashflow from Sconi over 30-year mine life
69% increase in total ore reserve to 57.30 million tonnes and life of mine increased to at least 30 years.
Australian Mines launches share purchase plan to raise up to $10 million
The capital raising is in the form of an underwritten $5 million SPP and optional additional $5 million top-up placement
Australian Mines in trading halt with capital raising news pending
The halt will remain in place until the start of trading on Wednesday, June 12, or when an announcement is released to the market.
Australian Mines price jump attracts ASX query
This is the second query the company has received from the ASX this month.
Australian Mines responds to ASX query on price and volume increase
The company has three projects in Australia with a focus on the Sconi Cobalt-Nickel-Scandium Project in Queensland.
Australian Mines reveals new resource at Bell Creek Nickel-Cobalt Project
The recently acquired Bell Creek and Minnimoolka deposits could increase Sconi’s project economics.
Australian Mines reflects on productive start to 2019
The company released its March quarterly report this morning.
Australian Mines secures funding and affirms Sconi cobalt-nickel production commitment
SK Innovation is likely to take all the battery-grade cobalt sulphate and nickel sulphate produced from Sconi.
Australian Mines raises $5 million to advance Australian cobalt projects
The raising will support development and resource expansion at the company’s Sconi and Flemington projects, respectively.
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Investments and investor services
Dairy Crest shareholders hoping to milk more money from Saputo takeover
Some of the main news-driven risers and fallers in London on Friday...
FTSE 100 closes higher on trade talk optimism; miners big winners
President Trump is due to sit down for talks with Chinese Vice Premier Liu He at around 7.30pm UK time
Australian Mines granted trading halt ahead of capital raising
AUZ is progressing a bankable feasibility study for its Sconi Cobalt-Nickel-Scandium Project in North Queensland.
Australian Mines continues off-take negotiations with SK Innovation
The off-take is for 7 years of battery-grade cobalt sulphate and nickel sulphate produced.
Australian Mines to negotiate final Sconi cobalt-nickel production take agreement
SK Innovation will take all the battery-grade cobalt sulphate and nickel sulphate produced from Sconi.
Australian Mines upgrades Sconi cobalt-nickel resource to 75+ million tonnes
The revised resource is expected to boost optimised BFS potential and increase financial outcomes for the Sconi project.
Investments and investor services
RIU Explorers Conference next week has packed program of presenters
The event will attract “the who’s who of the junior and mid-cap market CEOs” and will have a “bustling exhibition area”.
Australian Mines has a competitive cobalt-producing nickel project on its hands: CRU
The market study demonstrates that there will be a significant opportunity for new nickel sulphate and cobalt sulphate market entrants.
Australian Mines jumps 21% as Sconi is given Prescribed Project status by Queensland Government
Declaring this status by the State Government helps to streamline approvals and fast-track delivery of the cobalt-nickel-scandium project.
Australian Mines purchases 13 acres in regional town near Sconi project
90% of planned operating expenditure aims to be spent on businesses from the region.
Australian Mines drills high grade cobalt and nickel at Sconi
Typically, above 0.1% cobalt is considered high-grade, AUZ intersected 3.4% cobalt.
Investments and investor services
Cobalt set for bearish 2019 but demand fundamentals remain strong
Despite a sharp price correction in 2018, shrinking supply sources and growing demand for battery chemicals are predicted to sustain cobalt prices into the 2020s.
Australian Mines receives $1.9 million R&D rebate
The company's flagship project is its Sconi Cobalt-Nickel-Scandium Project in Queensland.
Australian Mines confirms Sconi offtake discussions with SK Innovation are ongoing
Both parties remain fully committed to the previously signed binding term sheet and aim to finalise and execute the offtake agreement this quarter.
Australian Mines shares halted to address media speculation
The company recently acquired a secondary project alongside its flagship Sconi Project.
Scandium a hot item on the metals menu and Australia is serving it up
The supply situation is severely limited with literally only a few tons of product hitting the market each year.
Australian Mines gets approval for Flemington Cobalt Nickel Scandium Project acquisition
The goal is for Flemington to act as a second production source of cobalt, nickel and scandium to the company’s flagship Sconi Project.
Australian Mines’ subsidiary Norwest Minerals completes ASX listing
Norwest intends to aggressively explore its portfolio of 19 granted tenements in WA.
Australian Mines relocates corporate office to Brisbane
A bankable feasibility study was recently completed for the Sconi Cobalt-Nickel-Scandium Project.
Australian Mines upbeat about recent BFS at today’s AGM
The company's chairman Michael Ramsden addressed shareholders at this morning's meeting.
Australian Mines BFS values Sconi Cobalt-Nickel-Scandium Project at $697 million
The study estimates that the Queensland mine would cost US$31 million to build and processing plant capex is US$730 million.
Australian Mines welcomes new CFO from Fortescue
The company is focused on its flagship Sconi Cobalt-Nickel-Scandium Project in Queensland.
Australian Mines subsidiary IPO now closed ahead of ASX debut
The IPO offered 33 million shares priced at 20 cents each to raise $6.6 million.
Technology and Low Emission Minerals Conference to showcase emerging Australian battery metals industry
The conference will be held at the Westin Hotel in Perth next Tuesday and Wednesday, November 13 and 14.
Australian Mines’ Sconi scandium oxide verified for phase II scandium alloy development
The oxide has met all the requirements for use in an aluminium-scandium feedstock to support master alloy development.
Australian Mines expands Sconi potential with strong nickel-cobalt assays
The drilling is part of a 50,000-metre resource expansion program to test Sconi’s favourable geology and confirm the project’s true mineral endowment.
Australian Mines in research partnership to evaluate scandium use in next-generation batteries, shares surge
It is the second major R&D collaboration examining the use of scandium from the company’s Sconi project in Queensland.
Australian Mines' Sconi project being assessed by government infrastructure fund
A bankable feasibility study for the Sconi project is being prepared for release.
Australian Mines receives R&D tax rebate for scandium oxide process flowsheet development
The company has developed a flowsheet that results in production of a scandium oxide of purity levels in excess of 99.9%.
Australian Mines subsidiary Norwest Minerals issues prospectus for IPO
The subsidiary holds the non-core gold and base metals exploration assets of Australian Mines in Western Australia.
Australian Mines assigned ‘spec buy’ recommendation in initial Argonaut research
The company has the opportunity to be a globally significant supplier of nickel and cobalt sulphates through its pipeline of projects: Argonaut Securities.
Australian Mines drill results extend nickel cobalt resource potential
Results will now feed into an updated JORC resource estimate for the Greenvale deposit.
Australian Mines boosted by $12 million investment from US fund
The agreement with Bergen Global Opportunity Fund II limits share value dilution and provides inbuilt flexibility with competitive terms.
Australian Mines to acquire cobalt nickel scandium project
Drilling is being planned to expand the current JORC resource at Flemington.
Australian Mines plans RC drilling at priority targets at Marymia
Norwest Minerals plans to raise $6.6 million in an IPO by the end of October 2018.
S&P Global Market Intelligence highlights 83% reduction in major copper discoveries
The drop-off in discoveries of more than 500,000 tonnes was experienced despite a 114.5% increase in exploration expenditure between the two periods.
Hylea Metals adds scandium to its Tiger’s Creek battery metals discovery
The company believes the substantial scandium mineralisation will further enhance the project’s existing cobalt, nickel and platinum upside.
Diggers and Dealers Mining Forum focuses on growth, exploration and acquisitions
Presenters at this year’s Diggers and Dealers Mining Forum in Kalgoorlie in the Western Australian Goldfields looked at the question of growth, and whether to focus on acquiring new projects or explore to increase production.
Australian Mines plans copper-gold drilling at Arunta West project
The targets indicate iron oxide copper-gold mineralisation similar to Ernest Henry and Olympic Dam.
Australian Mines zeroes in on high-grade copper and gold targets
The copper grades of all 87 rock chip samples averaged 6.3%.
Australian Mines secures $5 million for IPO spin-out
$4 million of the planned $6.6 million of IPO funding has been committed.
Hylea Metals extends high-grade battery metals mineralisation
Assays return results of up to 0.61% cobalt, 10.55 g/t platinum, 720ppm scandium and 1.38% nickel.
Castillo Copper expedites cobalt exploration at Broken Hill project
Mapping and sampling has confirmed the presence of almost identical material to that found at Cobalt Blue’s nearby project.
Australian Mines identifies large scale cobalt-in-soil anomalies at Thackaringa
The company's shares are trading about 8.5% higher intra-day, at 8.9 cents.
Investments and investor services
Ausmon Resources up 40% after being granted tenements near Broken Hill prospective for cobalt
The new licences are near Cobalt Blue Holdings’ Thackaringa Cobalt Project.
Rimfire Pacific adds scandium to battery metals mix at Avondale prospect
Drilling has returned strong cobalt, nickel and scandium results while historical samples are being reassessed.
Rimfire Pacific Mining NL’s drilling confirms cobalt-nickel potential at Tout East
Cobalt is an in-demand mineral and is likely to become even more sought after in future.
Hylea Metals has drill bit spinning in one of Australia’s best cobalt addresses
The 3,000-metre program is targeting high-grade cobalt and scandium mineralisation hosted in laterite.
Ausmon Resources shares spike on deal to acquire prospective cobalt ground
New acquisition is in close proximity to the Thackaringa Cobalt Project where Cobalt Blue recently revealed a major cobalt resource upgrade.
Victory Mines review reveals cobalt and scandium potential, exploration to be fast-tracked
There are three nearby deposits featuring cobalt, scandium, nickel and platinum.
Cape Lambert Resources leveraged to increasing demand for cobalt
Users of cobalt are seeking to acquire supplies direct from producing companies.
Metallica Minerals eyes bauxite project development following grant of mining lease
The Urquhart Bauxite Project is fully funded with a mining and haulage contractor appointed.
Byte Power, Atlas and Australian Mines are the ASX Volume Leaders, and all head north
There is some small cap market activity despite the Melbourne Cup.
Australian Mines bags $20M to accelerate cobalt, nickel projects
A BFS is underway at the Sconi Cobalt-Nickel-Scandium Project in Queensland.
Australian Mines calls for halt following overseas interest
The halt will remain in place until Monday 6th November 2017.
Australian Mines' first 15 minutes of trade must be seen to be believed
Over $5.5 million in stock has changed hands in a frantic opening.
Australia Mines races to top of ASX Most Traded as shares soar
The company has traded circa $13 million worth of shares by 2pm.
Australia Mines trades over 100 million shares by midday
The company has traded $7 million worth of shares intra-day.
Australian Mines trading volume eyes billionaires club
The company has traded over $9 million worth of stock by midday.
Australian Mines trading volume enters the stratosphere
Australian Mines has now traded $12 million in stock by 1.15pm today.
Australian Mines' trading activity raises ASX eyebrows
Australian Mines' shares have more than doubled to $0.034 over the past month.
Australian Mines reclaims its mantle as the ASX Most Traded
The company has traded $1.5 million worth of shares by 11:30am.
Lakes Oil and Australia Mines top the ASX Most Active
Lakes Oil NL has traded over $280,000 worth of shares in the session to date.
Australian Mines sits atop the ASX Volume Leaders as cobalt exploration commences
The company's shares have eased today, but are still up 31% over the past week.