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Australian Mines Ltd.
Summary
| Project: | Flemington | |
|---|---|---|
| Deposit: | Flemington | |
| Location: | Australia | |
| Commodities: | Cobalt | |
| Date: | 6/23/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-6-2020: Australian Mines Ltd. announces an Exploration/Drilling Update report for its Flemington deposit at the Flemington project. Drilling results incl. 7m @ 945ppm Co from 8m. Advanced battery materials development company, Australian Mines Limited | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report] Mick Elias (Internal) | |
| ABSTRACT: | Advanced battery materials development company, Australian Mines Limited (“Australian Mines” or “the Company”) (Australia ASX: AUZ; USA OTCQB: AMSLF; Frankfurt Stock Exchange: MJH) is pleased to announce that a comprehensive, and independent, exploration targeting report prepared by RSC Consulting Ltd has identified several new gold and copper targets in addition to potential extensions to the known cobalt-scandium-nickel mineralisation at the Company’s 100%- owned Flemington Project (see Figure 1 of this report). Australian Mines’ Flemington Project is one of the most advanced cobalt-scandium-nickel projects in New South Wales. The Company’s strategy with regards to this project, therefore, has been focussed almost exclusively on progressing Flemington towards production. In line with this strategy, as previously announced Australian Mines purchased an existing water allocation from the open market to support any future processing plant on site as well as applying for a mining lease over the area. The Company has also sought to increase the overall tonnage of the Mineral Resource1 at Flemington. For example, in August 2019, the results from the first phase of an expansion drilling program at Flemington resulted in a tripling of cobalt mineralisation footprint2. | |
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