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The latest announcement is out from Australian Mines ( (AU:AUZ) ).
Australian Mines Limited has commenced drilling at its Flemington Scandium-Nickel-Cobalt Project in New South Wales, aiming to explore a large geophysical anomaly adjacent to its existing high-grade scandium resource. This drilling program is designed to test potential extensions of the scandium mineralized system and refine the geological model, which could enhance the project’s strategic value. The initiative aligns with Australian Mines’ proprietary scandium-doped metal hydride technology, potentially creating a significant strategic advantage by integrating a world-class scandium deposit with breakthrough hydrogen storage technology, thus supporting the global energy transition.
More about Australian Mines
Australian Mines Limited operates in the mining industry, focusing on the exploration and development of scandium, nickel, and cobalt resources. The company is strategically positioned with projects like the Flemington Project, which hosts one of the world’s highest-grade scandium resources. Australian Mines is also exploring synergies with its proprietary scandium-doped metal hydride technology for hydrogen storage, aiming to establish a vertically integrated supply chain.
YTD Price Performance: 40.0%
Average Trading Volume: 23,811,425
Technical Sentiment Signal: Sell
Current Market Cap: A$28.15M
See more data about AUZ stock on TipRanks’ Stock Analysis page.