Australian Mines Expands Scoping Study Amid Chinese Scandium Restrictions

The latest update is out from Australian Mines Limited ( (AU:AUZ) ).

Australian Mines Limited is expanding its Scoping Study for the Flemington Scandium-Nickel-Cobalt Project in response to recent Chinese export restrictions on scandium, following U.S. tariff increases. These restrictions highlight China’s dominance in the scandium market and create an opportunity for Australian Mines to enhance its market position. The expanded study aims to improve the project’s assessment through updated metallurgical, processing, and environmental studies, expected to conclude by Q3 2025. Additionally, the company is exploring further revenue opportunities through its scandium-magnesium metal hydride technology for hydrogen storage.

More about Australian Mines Limited

Australian Mines Limited operates in the mining industry, focusing primarily on the extraction and development of scandium, nickel, and cobalt resources. The company is known for its high-grade Flemington Scandium-Nickel-Cobalt Project in New South Wales, which positions it strategically within the global scandium market.

YTD Price Performance: 20.0%

Average Trading Volume: 23,961

Technical Sentiment Signal: Strong Buy

Current Market Cap: $8.79M

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