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.