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Australian Mines ( (AU:AUZ) ) has shared an update.
Australian Mines Limited has announced a targeted 1,000-meter drilling program at its Flemington Project in New South Wales to explore a significant geophysical anomaly. This initiative aims to potentially expand the existing high-grade scandium resource, which is strategically important due to its proximity to Sunrise Energy Metals’ Syerston Scandium Project. The drilling program is part of Australian Mines’ broader strategy to leverage its scandium resources with its proprietary metal hydride technology, which could enhance supply security for critical minerals essential to the energy transition.
More about Australian Mines
Australian Mines Limited operates in the mining industry, focusing on the exploration and development of scandium, nickel, and cobalt resources. The company is known for its high-grade scandium deposits and is involved in developing metal hydride technology for hydrogen storage, highlighting its commitment to the global energy transition.
Average Trading Volume: 44,364,174
Technical Sentiment Signal: Hold
Current Market Cap: A$39.83M
See more insights into AUZ stock on TipRanks’ Stock Analysis page.