Australian Mines Ltd

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Market Cap:
$96.45 m
52 weeks high
52 weeks low

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The rise, fall, and probable rise again of cobalt

The cobalt price has dropped away significantly over the past 12 months, but is a recovery now on the cards?...

on 08/15/2019

Australian Mines triples cobalt mineralisation footprint at Flemington

The high-grade cobalt-scandium mineralised footprint represents a tripling of the areal extent when compared to the footprint of the initial Flemington resource....

on 08/11/2019

Australian Mines signs nickel cobalt off-take with SK Innovation

AUZ is now working towards securing financing for construction and commissioning of its Sconi Project....

on 08/05/2019

Australian Mines directors take part in $5.8 million share purchase plan

Four directors – Michael Ramsden, Benjamin Bell, Dominic Marinelli and Michael Elias – have acquired more than 5.7 million shares....

on 07/24/2019

Australian Mines receives oversubscriptions in SPP, secures $5.8 million

The oversubscriptions due to high shareholder demand have been accepted by the company....

on 07/17/2019

Australian Mines drill results support extension to Flemington resource

The Flemington Project is AUZ’s second battery materials project after its flagship Sconi Nickel-Cobalt-Scandium Project....

on 07/07/2019

Australian Mines cobalt and scandium assays indicate potential for Flemington resource boost

Initial results indicate that mineralisation may extend more than 1-kilometre beyond the boundary of the current resource....

on 06/16/2019

Australian Mines envisages $5 billion in free cashflow from Sconi over 30-year mine life

69% increase in total ore reserve to 57.30 million tonnes and life of mine increased to at least 30 years. ...

on 06/13/2019

Australian Mines launches share purchase plan to raise up to $10 million

The capital raising is in the form of an underwritten $5 million SPP and optional additional $5 million top-up placement...

on 06/11/2019

Australian Mines in trading halt with capital raising news pending

The halt will remain in place until the start of trading on Wednesday, June 12, or when an announcement is released to the market....

on 06/06/2019

Australian Mines price jump attracts ASX query

This is the second query the company has received from the ASX this month....

on 05/29/2019

Australian Mines responds to ASX query on price and volume increase

The company has three projects in Australia with a focus on the Sconi Cobalt-Nickel-Scandium Project in Queensland....

on 05/22/2019

Australian Mines reveals new resource at Bell Creek Nickel-Cobalt Project

The recently acquired Bell Creek and Minnimoolka deposits could increase Sconi’s project economics....

on 04/28/2019

Australian Mines reflects on productive start to 2019

The company released its March quarterly report this morning....

on 04/25/2019

Australian Mines secures funding and affirms Sconi cobalt-nickel production commitment

SK Innovation is likely to take all the battery-grade cobalt sulphate and nickel sulphate produced from Sconi....

on 03/07/2019

Australian Mines raises $5 million to advance Australian cobalt projects

The raising will support development and resource expansion at the company’s Sconi and Flemington projects, respectively. ...

on 02/26/2019

Australian Mines granted trading halt ahead of capital raising

AUZ is progressing a bankable feasibility study for its Sconi Cobalt-Nickel-Scandium Project in North Queensland....

on 02/22/2019

Australian Mines continues off-take negotiations with SK Innovation

The off-take is for 7 years of battery-grade cobalt sulphate and nickel sulphate produced....

on 02/20/2019

Australian Mines to negotiate final Sconi cobalt-nickel production take agreement

SK Innovation will take all the battery-grade cobalt sulphate and nickel sulphate produced from Sconi....

on 02/17/2019

Australian Mines upgrades Sconi cobalt-nickel resource to 75+ million tonnes

The revised resource is expected to boost optimised BFS potential and increase financial outcomes for the Sconi project....

on 02/13/2019

RIU Explorers Conference next week has packed program of presenters

The event will attract “the who’s who of the junior and mid-cap market CEOs” and will have a “bustling exhibition area”....

on 02/11/2019

Australian Mines has a competitive cobalt-producing nickel project on its hands: CRU

The market study demonstrates that there will be a significant opportunity for new nickel sulphate and cobalt sulphate market entrants....

on 02/11/2019

Australian Mines jumps 21% as Sconi is given Prescribed Project status by Queensland Government

Declaring this status by the State Government helps to streamline approvals and fast-track delivery of the cobalt-nickel-scandium project....

on 01/24/2019

Australian Mines purchases 13 acres in regional town near Sconi project

90% of planned operating expenditure aims to be spent on businesses from the region....

on 01/21/2019

Australian Mines drills high grade cobalt and nickel at Sconi

Typically, above 0.1% cobalt is considered high-grade, AUZ intersected 3.4% cobalt....

on 01/20/2019