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Sconi

Jul 28, 2021
Sconi mine proponent raises $6.5m

Sconi mine proponent raises $6.5m

The company behind North Queensland’s Sconi mine project has raised $6.5 million as it focuses on a value-add product, P-CAM, as part of its battery materials offering. Australian Mines announced that it had received firm commitments to raise the new equity via a fully committed shareplacement to institutional, sophisticated and professional investors. Managing director Benjamin… ...

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Oct 21, 2020
Sconi talks continue as battery crunch looms

Sconi talks continue as battery crunch looms

The clock is ticking for potential Sconi offtake partners to secure battery materials ahead of a forecast ‘pinch point’ for nickel supplies in 2023, says Australian Mines. In a quarterly update the company said its priority was advancing discussions with potential offtake partners for the North Queensland cobalt-nickel-scandium project. The market dynamics of the electric… ...

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Oct 07, 2020
Sconi in the spotlight at key  nickel forum

Sconi in the spotlight at key nickel forum

A world nickel industry guru identified the Sconi nickel laterite project in Queensland as one of the potential major new mines in the world to service the growing battery market for electric vehicles. The Sconi deposit is located near Greenvale west of Townsville. Jim Lennon of Macquarie Commodities (Europe) listed Sconi in his keynote and… ...

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Jul 24, 2020
Musk nickel message strikes a chord with industry

Musk nickel message strikes a chord with industry

A plea this week from Tesla boss Elon Musk for mining companies to get out and produce nickel is music to the ears of Australian Mines managing director Benjamin Bell. It’s not that the industry has been unaware of nickel’s importance as the electrical vehicle and battery storage market grows. “It’s just good now that… ...

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Jul 15, 2020
State puts its money behind Sconi start

State puts its money behind Sconi start

The Queensland Government is providing a financial leg-up for the  $1.4 billion Sconi cobalt-nickel-scandium project in North Queensland. The amount involved remains confidential and it comes with a range of conditions, including that Sconi developer Australian Mines completes construction by July 2023. The State financial support package comes after the Queensland Government last year grante...

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Jun 19, 2020
Sconi processing delivers high-purity samples

Sconi processing delivers high-purity samples

Australian Mines says it has successfully completed production runs of battery-grade cobalt sulphate and nickel sulphate with ore from its Sconi project, near Greenvale. Demonstrating its ability to produce high-purity samples supports ongoing offtake negotiations for the planned $1.4 billion cobalt-nickel-scandium operation. Australian Mines said today it was continuing to make good progress on t...

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May 15, 2020
Sconi study delivers new nickel and cobalt targets

Sconi study delivers new nickel and cobalt targets

Australian Mines has identified 14 new nickel and cobalt exploration target areas within and adjacent to its Sconi project, near Greenvale in North Queensland. Managing director Benjamin Bell said the company’s primary focus remained on securing binding offtake and financing agreements for Sconi. However the new targets showed there was still a lot that it… ...

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Apr 14, 2020
Sconi mining project proponent raises $1.45m

Sconi mining project proponent raises $1.45m

Sconi mine developer Australian Mines says it has received firm commitments from a UK-based investor for a share placement to raise $1.45 million. The funds would be used to produce battery-grade nickel sulphate and cobalt sulphate samples for potential offtake and financing partners, and for general working capital, the company said. “The commitment to invest $1.45 million… ...

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Nov 06, 2019
Sconi centre stage in 2020

Sconi centre stage in 2020

Australian Mines will sharpen its focus on its $1.4 billion Sconi project in 2020, with plans to close an office in New South Wales as it continues to pursue the North Queensland development. Managing director and chief executive officer Benjamin Bell issued a business update in the lead-up to the company’s November 19 AGM. “The primary… ...

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