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Australian Mines ( (AU:AUZ) ) has provided an update.
Australian Mines Limited has completed Phase 1 drilling at its Flemington Scandium–Nickel–Cobalt Project in New South Wales, with assay results expected in the coming weeks and Phase 2 drilling scheduled to restart in early February 2026, subject to access, weather and operational conditions. The company has also engaged SRK Consulting to prepare an updated scoping study that will prioritise scandium production, using a larger and higher-grade mineral resource estimate than was applied in its 2017 study, in order to refine technical and commercial assumptions and guide future development planning for Flemington.
The most recent analyst rating on (AU:AUZ) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Australian Mines stock, see the AU:AUZ Stock Forecast page.
More about Australian Mines
Australian Mines Limited is an ASX-listed resources company focused on the development of the Flemington Scandium–Nickel–Cobalt Project in New South Wales. The project targets scandium oxide production, with associated nickel and cobalt, aimed at supplying high-value metals used in advanced alloys and clean energy technologies.
YTD Price Performance: 11.76%
Average Trading Volume: 9,262,528
Technical Sentiment Signal: Hold
Current Market Cap: A$38.96M
Learn more about AUZ stock on TipRanks’ Stock Analysis page.