Australian Mines Limited Increases Scandium Resources and Expands into Brazil

Australian Mines Limited ( (AU:AUZ) ) has shared an announcement.

Australian Mines Limited reported a significant increase in scandium Mineral Resources at its Flemington project, driven by strong demand and interest in scandium and its strategic synergy with the hydrogen economy. The company also initiated its first drilling program in Brazil at Jequie North and Jequie South, while maintaining its Sconi project amid challenging nickel and cobalt markets, seeking further opportunities to enhance shareholder value.

More about Australian Mines Limited

Australian Mines Limited is a mining company engaged in the exploration and development of scandium, nickel, cobalt, and rare earths, with a focus on expanding its resource base and diversification into markets such as Brazil.

YTD Price Performance: 30.0%

Average Trading Volume: 13,183

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $10.52M

See more data about AUZ stock on TipRanks’ Stock Analysis page.