Australian Mines Ltd
Australian Mines Limited is an Australia-based producer and supplier of technology metal materials to the electric vehicle and energy storage industries.
The business
Australian Mines Limited is an Australia-based producer and supplier of technology metal materials to the electric vehicle and energy storage industries. The principal activity of the Company is exploration and evaluation of mineral projects prospective for critical and battery metals, including rare earth elements, lithium, niobium, cobalt, nickel, and scandium. Exploration was advanced across the Company’s portfolio in Australia and Brazil. The Company’s 100%-owned Sconi Battery Minerals Project is located in North Queensland, Australia and approximately 220 kilometers (km) northwest of Townsville, focusing on delivering nickel and cobalt. It has two other early stage, green metals, exploration, and development projects, including the Flemington Project (cobalt-scandium-nickel-copper-gold) in New South Wales and the Lennard Project (nickel sulfide) in Western Australia. It also operates Jequie Rare Earth Project (Bahia State) and the Resende Lithium Project (Minas Gerais State).
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Latest news
Australian Mines Fast-Tracks Flemington Scandium Project with $3m Strategic Placement
Australian Mines (AUZ) raises $3m in a Tribeca-led placement to fast-track Flemington scandium project to PFS, lifting cash to over $6m.
Australian Mines Records Second-Highest Gram-Metre Result to Date at Boa Vista Project
First assays from diamond drilling at Australian Mines’ (ASX: AUZ) Boa Vista gold project in Brazil have confirmed strong and broad gold mineralisation within the interpreted mineralised envelope.
Australian Mines launches scoping study review for high-grade Flemington scandium project
Australian Mines (ASX: AUZ) is advancing the review of a historic scoping study for the high-grade Flemington scandium project in New South Wales. The 2017 study will be subject to capital, operating and revenue estimate updates, which indicated a net present value of up to A$255 million and a 37.3% internal rate of return using […]
Brazil’s rare earths industry working hard to overtake China’s dominance, ASX explorers poised to benefit
Mining heavyweight Brazil is working hard to overtake China as the world’s dominant source of rare earth elements (REE) production and processing. The Latin American nation’s rare earths mining industry has just started to gain momentum despite having been a major mining destination for decades. Established mining industry regulations and lower labour costs compared to […]
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