Australian Mines

Australian Mines has successfully secured commitments from new institutional, sophisticated, and professional investors to raise about $3.7 million, via the issue of 32.2 million shares and  32.2 million attaching options.

The Australian Securities and Investment Commission (ASIC) has commenced civil penalty proceedings in the Federal Court against Australian Mines for allegedly breaching its continuous disclosure obligations, as well as its (former) managing director and chief executive officer Benjamin Bell for allegedly breaching his directors’ duties.

Australian Mines has continued to seek offtake partners for the Sconi nickel-cobalt project in Queensland.

Australian Mines is seeking to develop new aluminium alloys using scandium sourced from the Sconi project in Queensland.

Australian Mines has become the first mineral resources company to be certified as a carbon neutral organisation under the Australian Government’s Climate Active program.

Australian Mines is completing pre-development work at the Sconi cobalt-nickel-scandium project in North Queensland, inching it closer to becoming a key supplier to the electric vehicle (EV) market.

The Queensland Government is offering funding for Australian Mines to support the Sconi cobalt-nickel-scandium project in North Queensland.

Battery minerals developer Australian Mines has set the goal to become 100 per cent carbon neutral by June 30 2020.

Australian Mines is confident the successful development of its cobalt-nickel-scandium “Sconi” project will put it at the forefront of the battery minerals industry.

Australian Mines has extended its timeline for the Sconi project offtake agreement with Korean electric vehicle battery manufacturer SK Innovation due to project financing concerns.

Australian Mines announced that its Sconi cobalt-nickel-scandium project in North Queensland could generate $5 billion in free cashflow over the mine life.

Australia has announced a new mining initiative, and Queensland, with its abundant mineral resources and world-class assets, can expect to be the centre of investor interest making Brisbane the ideal location for the upcoming Energy Mines and Money event set to showcase mineral, coal, oil and gas projects and match them with global investment.

Australian Mines has acquired 13 acres of freehold land to develop its Sconi cobalt-nickel scandium project in North Queensland.

Australian Mines has released its bankable feasibility study (BFS) for the Sconi cobalt-nickel-scandium project in North Queensland, revealing a capital requirement of $US974 million ($1.35 billion).

Australian Mines has made an agreement with a New York-based company for $12 million in funding that will be put towards completing the acquisition of the Flemington project in New South Wales.

Australian Mines have scheduled four diamond drill holes to test the Arunta West iron oxide copper gold (IOCG) ore deposits at its copper-gold operation in Western Australia.

Australian Mines will export 40kg of battery-grade nickel sulphate and 4kg of battery-grade cobalt sulphate, setting a record for the largest known shipment of such ores mined and processed in Australia.

Cobalt developer Australian Mines has signed an offtake agreement with South Korean electric vehicle (EV) battery manufacturer SK Innovation — parent SK Group is currently 95th on the Fortune Global 500 — for 100 per cent of production from the Sconi cobalt-nickel-scandium project in Queensland.

Following the installation of an important autoclave component at its Perth cobalt sulphate processing plant, battery metals producer Australian Mines has advised that the plant is on course for a late January completion.

Australian Mines plans to acquire the multi-commodity Sconi project in North Queensland from joint venture partner Metallica Minerals for $10 million.