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Critical minerals

Feb 14, 2019
New findings beef up $1.4b Sconi project’s prospects

New findings beef up $1.4b Sconi project’s prospects

Australian Mines has delivered good news on two fronts for its $1.4 billion Sconi project near Greenvale in North Queensland this week. Updated estimates for the cobalt-nickel-scandium project have increased the mineral resources tonnes by 63.2 per cent for the project’s Greenvale deposit and 94.6 per cent for Lucknow. The Greenvale nickel deposit’s in-situ material… ...

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Jan 25, 2019
Fast track for $1.4b Sconi mining development

Fast track for $1.4b Sconi mining development

The State Government has declared the $1.4 billion Sconi project near Greenvale in North Queensland as a prescribed project. Prescribed project status will help streamline approvals and fast-track the development. Construction is anticipated to start this year, with proponent Australian Mines set to open a regional office in either Townsville, Charters Towers or Greenvale.  Australi...

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Jan 21, 2019
Drilling results confirm Sconi’s potential

Drilling results confirm Sconi’s potential

Latest drilling results confirm the fact that the Sconi project near Greenvale is a “world-class deposit”, according to Australian Mines. In an update released today, Australian Mines said the most recent drilling operation had returned high-grade cobalt and nickel intersections. As a result, Australian Mines said it had engaged an independent resource consultant to immediately… ...

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Jan 16, 2019
Cash boost for Sconi work

Cash boost for Sconi work

Sconi proponent Australian Mines has received a $1.9 million Federal Government rebate for its research and development work. The money relates to work the company is undertaking with Simulus Group in Perth on a demonstration-size high-pressure acid leach and solvent extraction plant. It follows another rebate of almost $300,000 in October. Australian Mines managing director… ...

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Dec 12, 2018
Golden partnership for vanadium hopeful

Golden partnership for vanadium hopeful

North-West Queensland vanadium proponent Intermin Resources has reached a merger agreement with MacPhersons Resources. The deal was being described as ‘transformational’, with the two companies holding combined estimated mineral resources of 1.15M oz of gold in the  Kalgoorlie region. The joined companies will be renamed Horizon Minerals Limited (subject to Intermin shareholder ap...

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Nov 20, 2018
Strong case to develop $1.3b Sconi project

Strong case to develop $1.3b Sconi project

Australian Mines has announced positive results from a bankable feasibility study into the Sconi cobalt-nickel-scandium project, 250km north-east of Townsville. The operation is expected to cost $US974 million – about $AU1.3 billion – to develop, with the company stating that $US922 million of the total capex is anticipated to be spent with Australian businesses, with a preference̷...

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Nov 04, 2018
Sconi proponent signs research agreement

Sconi proponent signs research agreement

The company developing the Sconi scandium-cobalt-nickel project near Greenvale in North Queensland has entered into a research and development agreement with one of India’s largest centres of higher learning. Australian Mines will collaborate with leading academic researchers at the Amrita Centre for Research and Development on work being conducted around further uses of scandium. “Our...

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Oct 16, 2018
NAIF funding prospects for Sconi project

NAIF funding prospects for Sconi project

Australian Mines may receive Northern Australia Infrastructure Facility (NAIF) funding for its Sconi cobalt-nickel-scandium project in North Queensland. The company said the project had been under consideration for NAIF financial assistance and had progressed to the due diligence phase. “I am pleased that the NAIF Board is considering potential funding support for Sconi, our flagship cobalt-...

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Sep 15, 2018
Drilling reveals extension potential at Sconi

Drilling reveals extension potential at Sconi

Australian Mines reports positive results from extension drilling across the Greenvale deposit at its Sconi cobalt-nickel-scandium project in North Queensland. Early assay results demonstrated the potential for the mineral resource at that deposit to be extended in multiple mineralised zones. (More here) Sconi is proposed to produce battery-grade cobalt and nickel products for the burgeoning elect...

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