Australian Mines has settled proceedings taken against it by the Australian Securities and Investments Commission for making “certain admissions of contraventions of its continuous disclosure obligations”.
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Australian Mines secures $3.7 million in capital raise
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.
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Australian Mines proceeds with offtake pursuit
Australian Mines has continued to seek offtake partners for the Sconi nickel-cobalt project in Queensland.
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Australian Mines to develop next-gen aluminium alloys
Australian Mines is seeking to develop new aluminium alloys using scandium sourced from the Sconi project in Queensland.
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Australian Mines to appoint engineering contractor by 2020
The Queensland Government is offering funding for Australian Mines to support the Sconi cobalt-nickel-scandium project in North Queensland.
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Australian Mines on track to become leading battery metals supplier
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.
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Australian Mines to re-negotiate Sconi offtake with SK Innovation
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.
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Australian Mines to earn $5bn from Sconi
Australian Mines announced that its Sconi cobalt-nickel-scandium project in North Queensland could generate $5 billion in free cashflow over the mine life.
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Australian Mines’ Sconi joins ranks of ‘prescribed projects’ in QLD
Australian Mines has received a prescribed project status from the Queensland Government for its Sconi cobalt-nickel-scandium operations in Greenvale in North Queensland.
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Australian Mines invests in North QLD to support Sconi development
Australian Mines has acquired 13 acres of freehold land to develop its Sconi cobalt-nickel scandium project in North Queensland.
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Australian Mines moves $1.3bn Sconi project to next step
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).
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Australian Mines to export record battery-grade cobalt and nickel samples
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.
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Australian Mines’ Perth processing plant on track for January completion
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.
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Metallica to offload North Queensland project to Australian Mines
Australian Mines plans to acquire the multi-commodity Sconi project in North Queensland from joint venture partner Metallica Minerals for $10 million.
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