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Australian Mines

Aug 06, 2019
Major offtake deal for Sconi battery minerals project

Major offtake deal for Sconi battery minerals project

Australian Mines has pinned down a buyer for 100 per cent of the battery-grade cobalt sulphate and nickel sulphate produced in the first seven years of its Sconi project in North Queensland. The company today announced a long-form off-take agreement with SK Innovation. The deal replaces and expands upon the agreed terms of a previous… ...

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Jul 29, 2019
Sconi firms on NSW acquisition

Sconi firms on NSW acquisition

Australian Mines has released its quarterly report highlighting moves to compliment the Sconi nickel-cobalt resource in north Queensland with its Flemington acquisition in New South Wales. The report noted that the company’s Queensland-based mineral resources, including Sconi, Bell Creek and Minnamoolka, now exceed 115 million tonnes, following a new Mineral Resource Estimate for the Bell… ...

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Jul 18, 2019
Boost for Sconi battery metals project coffers

Boost for Sconi battery metals project coffers

Australian Mines has raised almost $6 million in a share placement to help advance the Sconi project near Greenvale in North Queensland. The company’s underwritten share purchase plan closed oversubscribed, with applications totalling $5.8 million received from eligible shareholders. The funds raised will be used to advance the Sconi cobalt-nickel-scandium project in North Queensland andR...

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Jun 13, 2019
Sconi mine life tipped to  run beyond 30 years

Sconi mine life tipped to run beyond 30 years

An updated outlook for the Sconi cobalt-nickel-scandium project in North Queensland is predicting a 30-years-plus mine life and revenue exceeding $13 billion. Australian Mines announced an updated mine plan, ore reserve estimate and financials to the ASX today. It came after the company announced yesterday that it would be undertaking, by way of a prospectus,… ...

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Apr 26, 2019
EV targets a sweet sound for Sconi proponent

EV targets a sweet sound for Sconi proponent

Sconi proponent Australian Mines has been buoyed by election talk of electric vehicle targets for Australia. The company today released a quarterly activities update, with managing director Benjamin Bell noting the boost provided by the State Government declaring the planned cobalt-nickel-scandium mine near Greenvale as a prescribed project. He also noted it was clear that… ...

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Feb 27, 2019
Cash injection for Sconi mine developer

Cash injection for Sconi mine developer

Sconi mine proponent Australian Mines has raised $5 million through a share placement, saying the response demonstrated a buoyant appetite in the battery metals sector. The $1.4 billion North Queensland project has been forecast to be one of the most competitive cobalt-producing nickel operations in the world by an independent study. it is one of… ...

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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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