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Australian Mines Ltd.
Summary
| Project: | Flemington | |
|---|---|---|
| Deposit: | Flemington | |
| Location: | Australia | |
| Commodities: | Scandium-Nickel-Cobalt | |
| Date: | 10/31/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-10-2017: Australian Mines Ltd. announces a Resource Estimation report for its Flemington deposit at the Flemington project. Initial Cobalt mineral resource defined at Flemington project. Australian Mines Limited’s (“Australian Mines” or “the Company”) | |
| Resources: | (Resource, Total): 2.7Mt @ 0.101% Co, 403ppm Sc | |
| CP/QP: | [Resources]: Rod Brow (SRK Consulting (Australasia) Pty Ltd.) | |
| ABSTRACT: | Australian Mines Limited’s (“Australian Mines” or “the Company”) Flemington Cobalt-ScandiumNickel Project5 in central New South Wales represents the direct continuation of Clean TeQ Holding’s (ASX: CLQ) Syerston ore body, with the deposit separated purely by a tenement boundary. This relationship between Australian Mines’ Flemington Project and the adjoining Syerston is recognised by leading independent geological consultants6 and reinforced by the results from the Company’s recently-completed resource drilling program, the results of which were released to the market via the ASX platform on 11 August 20177 . The Company considered it prudent at this stage of the project’s development to commission a globally reputable resource consulting firm to undertake a Mineral Resource estimate of the Flemington Project to both re-affirm that its characteristics (including cobalt grade, host geology and potential mineral resource tonnage) are consistent with those of Clean TeQ’s neighbouring Syerston Project, and to demonstrate the consistent and predictable nature of the high-grade cobalt mineralisation at Flemington. | |
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