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.
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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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.