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Australian Mines

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,… This content is for iQ Industr...

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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… This content is ...

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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… This content is for iQ Industry Queensland,...

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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… This content is f...

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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… This content i...

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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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