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Australian Mines

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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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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