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.
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 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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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.