Highlights
ASX: AUZ       AUSTRALIAN MINES LIMITED
Last Price Today's Change   Day's Range   Trading Volume
0.082   -0.001 (1.20%)  0.082 - 0.084  2,050,758

Overview

 
Avg Volume (4 weeks):8,090,796
4 Weeks Range:0.081 - 0.102
4 Weeks Price Volatility (%):
4.76%
52 Weeks Range:0.013 - 0.155
52 Weeks Price Volatility (%):
48.59%
Average Price Target:-

Headlines



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Business Background

Australian Mines Limited is a resource company pursuing in the production and supply of battery and technology metals to global markets. The Company is developing cobalt-scandium-nickel projects in Australia, more sustainable energy sources. Its flagship Sconi project is one of very few large ore bodies of its type in Australia and is also considered the most advanced towards production. All relevant mining and environmental licenses are in place for development of a mining and processing operation. The Pre-Feasibility Study for Sconi was-based on throughput estimated to deliver an annual average production of 3,010 tonnes of cobalt sulphate, 24,420 tonnes of nickel sulphate and 77 tonnes of scandium oxide for at least the first 20 years, with average feed grades being 0.11% cobalt, 0.81% nickel and 109 g/t scandium. It is building a demonstration size cobalt-nickel-scandium processing plant in to fast-frack negotiations with potential off-take customers and project financiers.

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