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 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, […]
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