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Australian Mines ( (AU:AUZ) ) just unveiled an update.
Australian Mines Limited has announced several strategic developments in its latest quarterly activities report. The company has executed a binding agreement to earn up to 80% of the Boa Vista Gold Project in Brazil, with plans for a significant drilling program. Additionally, the company is nearing completion of a geological review of its Flemington Scandium-Nickel-Cobalt Project, which could lead to an expanded resource and updated Scoping Study. Furthermore, Australian Mines has received an expression of interest from HMS Bergbau AG for potential offtake from its Sconi Project, alongside completing a successful capital raising of $2.5 million to fund ongoing exploration efforts.
More about Australian Mines
Australian Mines Limited operates in the mining industry, focusing on the exploration and development of critical minerals such as nickel, cobalt, and scandium. The company is actively involved in projects across Australia and internationally, with a particular emphasis on expanding its resource base and securing offtake agreements to support its operations.
YTD Price Performance: -30.0%
Average Trading Volume: 6,665,547
Technical Sentiment Signal: Sell
Current Market Cap: A$13.68M
For detailed information about AUZ stock, go to TipRanks’ Stock Analysis page.