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Australian Mines Ltd.
Summary
| Project: | Sconi | |
|---|---|---|
| Deposit: | Sconi | |
| Location: | Australia | |
| Commodities: | Scandium-Cobalt-Nickel | |
| Date: | 3/2/2017 | |
| Report Code: | (Enviro) | |
| Report Type: | EIA/ESIA | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 2-3-2017: Australian Mines Ltd. announces an EIA/ESIA report for its Sconi deposit at the Sconi project. Environmental Licences granted for mining and processing at Sconi. Australian Mines Limited (“Australian Mines” or “the Company”) is pleased to announ | |
| Resources: | (Resource, Total): 7.2Mt @ 177g/t Sc and 89Mt @ 0.58% Ni, 0.06% Co at project | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Australian Mines Limited (“Australian Mines” or “the Company”) is pleased to announce it now has in place all the necessary approvals and licences for the future development of a mining and processing operation at the Sconi Scandium-Cobalt Project in northern Queensland. Ahead of the outcome of a Definitive Feasibility Study (DFS), which is currently in progress, Australian Mines has obtained the necessary State Environment Licence required to carry out a mining operation at Sconi as well as the corresponding licence covering the operation of a processing plant at Sconi. Managing Director, Benjamin Bell commented, “Having now secured all the necessary approvals and licences to commence a full-scale mining operation at Sconi, Australian Mines finds itself uniquely positioned with the only Australian scandium-cobalt deposit able to go into immediate production. “The Pre-Feasibility Study completed on the world-class Sconi ore body confirmed it has the potential to produce on average 5,250 tonnes of nickel, 700 tonnes of cobalt and 68 tonnes of scandium per annum for at least the next 20 years. This positions Australian Mines to be a significant supplier of scandium in a growing global market – from one of the lowest risk mining jurisdictions in the world” “Our production of both nickel and cobalt sulphates from Sconi will also ensure that we are well-positioned to participate in the rapidly growing electric vehicle battery market. With all mining and operational approvals now in place, Australian Mines is set to become the first scandium-cobalt mine in production in Australia.” | |
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