AUZ
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Company News
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 […]
Queensland government backs development of critical minerals sector with support for two new projects
At the same time as it is concluding an Asian trade mission with critical minerals as a major topic, the Queensland government has provided significant support to two new projects in the state. The government recently handed Alpha HPA (ASX: A4N) a more than $21 million grant under its Industry Partnership Program grant to help […]
Australia can punch above its weight in critical metals — both with mining and processing
Australia has just 3.4% of the world’s rare earth element (REE) resources but is the fourth largest producer in the world, with other minerals also posing significant future potential for the country. And that is just from one mine, Mt Weld in Western Australia — while several other projects are at the advanced development stage, […]
Battery metals aspirant Australian Mines offered conditional Queensland government support
Australian Mines (ASX: AUZ) reports the Queensland government has offered conditional support to help the company’s Sconi cobalt-nickel-scandium project at Greenvale, inland from Townsville. The company will receive an as-yet-undisclosed assistance package from the state’s Jobs and Regional Growth Fund with several conditions attached, including nailing down an offtake agreement by 30 September this year […]
Job creation tipped for north Queensland after Australian Mines’ $1.4b Sconi project receives state blessing
Metals explorer Australian Mines (ASX: AUZ) will be able to fast-track development of its $1.4 billion Sconi cobalt-nickel-scandium asset in north Queensland after the state government deemed it a prescribed project. The declaration from State Development, Manufacturing, Infrastructure and Planning Minister Cameron Dick will enable the final stages of regulatory approvals for the Sconi project […]
Australian Mines to upgrade Sconi resource after ‘outstanding’ cobalt drill results
Mineral explorer Australian Mines (ASX: AUZ) is continuing to unlock resource potential at its flagship Sconi cobalt, nickel and scandium project in north Queensland, revealing further “outstanding” results from a resource expansion drilling program. The company today announced it has engaged an independent resource consultant to immediately begin a re-estimation of the Sconi mineral resource […]
Australian Mines unveils positive bankable feasibility study for Sconi cobalt-nickel-scandium development
Australian Mines (ASX: AUZ) has released its bankable feasibility study supporting the commercial development of its wholly-owned Sconi cobalt-nickel-scandium project in North Queensland. The metals explorer today emerged from a trading halt to reveal the results of the independent study, which confirmed that mineral resources contained within the three main deposits of the project – […]
Australian Mines reveals new resource potential at Sconi cobalt-nickel-scandium project
Metals explorer Australian Mines (ASX: AUZ) has unlocked further resource potential at its flagship Sconi cobalt-nickel-scandium project in Queensland, returning positive results from a recent drilling campaign. The company recently embarked on a 50,000m resource expansion drilling program at the project, reporting initial assays in September that confirmed thick zones of nickel mineralisation beyond the […]
Australian Mines teams up with Amrita to develop new scandium-battery technologies
Australian Mines (ASX: AUZ) has collared a research partnership with Indian research institution Amrita to develop new battery storage technologies that include scandium, which is present in Australian Mines’ flagship Sconi project in Queensland. Amrita’s Centre for Advanced Materials and Green Technologies will collaborate with Australian Mines to evaluate the potential of using scandium-magnesium alloys […]
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