Sconi

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.

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.

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

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.

Australian Mines has received a prescribed project status from the Queensland Government for its Sconi cobalt-nickel-scandium operations in Greenvale in North Queensland.

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 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.

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.