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The latest announcement is out from Australian Mines ( (AU:AUZ) ).
Australian Mines Limited is an ASX-listed resources company focused on developing its 100% owned Flemington Scandium Project in Australia. The company targets the scandium oxide market, aiming to supply high-grade scandium products into applications such as advanced alloys and clean-energy technologies, positioning itself within a niche but potentially high-growth segment of the critical minerals sector.
The company has released an amended scoping study confirming that added disclosure on assumptions and modifying factors does not alter previously announced outcomes. The SRK-led study highlights a 28-year, 60tpa scandium oxide project with strong post-tax NPV and IRR at both cautious and market-aligned price cases, low upfront capital, and globally competitive costs, underscoring the project’s potential to deliver strong margins and enhance its market position.
More about Australian Mines
Australian Mines Limited is an ASX-listed resources company focused on developing its 100% owned Flemington Scandium Project in Australia. The company targets the scandium oxide market, aiming to supply high-grade scandium products into applications such as advanced alloys and clean-energy technologies, positioning itself within a niche but potentially high-growth segment of the critical minerals sector.
The latest scoping study for Flemington outlines a long-life, 60-tonne-per-annum scandium oxide operation with strong project economics and significant leverage to scandium pricing scenarios. The study indicates robust post-tax valuations, low initial capital intensity, competitive operating costs and a long mine life, suggesting the project could deliver attractive margins and strengthen Australian Mines’ standing in the global scandium supply chain.
YTD Price Performance: 70.59%
Average Trading Volume: 10,359,742
Technical Sentiment Signal: Hold
Current Market Cap: A$59.46M
Learn more about AUZ stock on TipRanks’ Stock Analysis page.