Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
An update from Australian Mines ( (AU:AUZ) ) is now available.
Australian Mines has reported new aircore drilling results from its Flemington Project in New South Wales that show broad zones of near-surface scandium mineralisation with grades materially higher than the current 2025 mineral resource estimate of 446ppm. The latest program, which includes intercepts such as 18 metres at 597ppm scandium from 2 metres and 12 metres at 615ppm from 13 metres, also indicates potential to expand the resource to the north and east.
The company said drilling has confirmed both high-grade scandium and additional nickel and cobalt intervals, underscoring the polymetallic potential of the project. Australian Mines has engaged SRK to update the 2017 Flemington scandium scoping study and plans to commence follow-up drilling by late February 2026, positioning Flemington as a more strategic scandium asset with potential growth in scale and value for stakeholders.
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 exploration and development of scandium and associated battery metals in Australia. Its key asset includes the Flemington Project, which hosts a scandium resource targeted for use in high-performance alloys and emerging clean-energy applications.
YTD Price Performance: -5.88%
Average Trading Volume: 6,647,212
Technical Sentiment Signal: Sell
Current Market Cap: A$33.83M
For detailed information about AUZ stock, go to TipRanks’ Stock Analysis page.