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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.

Australian Mines Ltd (ASX:AUZ) is the most traded stock on the ASX by 2:30pm today, with 93 million shares changing hands, with the total value of trades over $2 million.

The company's shares have eased 4.6% to $0.021.

At the end of September, the company commissioned a helicopter-borne electromagnetic and magnetic geophysical survey of its wholly-owned Thackaringa Cobalt Project, which is located in a region highly prospective for cobalt mineralisation near Broken Hill in New South Wales.

This will be the first exploration work on the greenfields project since Australian Mines acquired Thackaringa in February this year.

The survey has been designed to map the sulphide-bearing geology which hosts the region’s known cobalt mineralisation.

Company Name · Code · Last · Change · Volume

Australian Mines Ltd · AUZ · $0.021 · -4.55% · 93,324,715

Uranium Equities Ltd · UEQ · $0.012 · 100% · 45,116,734

Merlin Diamonds Ltd · MED · $0.004 · -33.33% · 43,388,897

Lynas Corporation Ltd · LYC · $0.222 · 0.91% · 37,119,438

Centuria Capital Ltd · CNI · $1.405 · 8.08% · 34,966,751

Lakes Oil NL · LKO · $0.002 · 100% · 26,628,774

Mustang Resources Ltd · MUS · $0.137 · 24.55% · 26,209,599

Boart Longyear Ltd · BLY · $0.021 · 0% · 24,245,441

Kairos Minerals Ltd · KAI · $0.057 · -9.52% · 24,150,742

Vital Metals Ltd · VML · $0.008 · 14.29% · 22,525,018

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