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An announcement from Australian Mines ( (AU:AUZ) ) is now available.
Australian Mines has released a scoping study for its Flemington Scandium Project in New South Wales, outlining a long-life, high-grade scandium oxide operation with low capital intensity and conventional, low-risk mining and processing methods. The project benefits from established regional infrastructure and sits within an emerging scandium district, contiguous with another major scandium development.
The study highlights strong projected economics, with significant leverage to higher scandium pricing scenarios, and a globally competitive cost profile that delivers wide margins even under a cautious price case. While the assessment is preliminary and not yet sufficient to support ore reserve estimation or a development decision, it provides a basis for seeking further funding for more advanced studies and underscores Flemington’s potential to become a globally significant scandium supply source as demand grows.
More about Australian Mines
Australian Mines Limited is an ASX-listed resources company focused on the development of critical minerals projects in Australia. Its key growth asset is the Flemington Scandium Project in central New South Wales, targeting scandium oxide production for advanced materials and emerging technology markets that seek secure Western supply chains.
YTD Price Performance: 5.88%
Average Trading Volume: 3,994,407
Technical Sentiment Signal: Hold
Current Market Cap: A$36.91M
Learn more about AUZ stock on TipRanks’ Stock Analysis page.