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Greenvale

Oct 22, 2019
Australian Mines keen to start Sconi

Australian Mines keen to start Sconi

Australian Mines says it has stepped up funding negotiations for its Sconi battery metals project in North Queensland ‘to progress project construction as soon as possible’. Managing director Benjamin Bell made the comment in the company’s quarterly report, highlighting the significant milestones achieved over the past few months. He also spoke of Les Guthrie joining… ...

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Aug 29, 2019
Greenvale explorer targets Sconi-style deposit

Greenvale explorer targets Sconi-style deposit

Ausmon Resources has started field exploration work at tenements 40km north-west of Greenvale, where it is targeting Sconi-style mineralisation. Ausmon said the initial exploration would comprise field inspections of exploration targets generated from a review of historical work on the tenements. The company will use its pXRF instrument across the targets in addition to collecting… ...

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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‚Äôs 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
Capability statements offer ASMTI works opportunity

Capability statements offer ASMTI works opportunity

Local businesses are being invited to submit capability statements for early works in North Queensland under the Australia-Singapore Military Training Initiative (ASMTI). Singapore is investing $2.25 billion to establish a training area in Greenvale and expand Shoalwater Bay Training Area for their use. Of the $2.25 billion, the Townsville region is expected to see an… ...

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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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