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Tag: scandium

State puts its money behind Sconi start

Written by dev on . Posted in All News, Processing / Manufacturing.

The Queensland Government is providing a financial leg-up for the  $1.4 billion Sconi cobalt-nickel-scandium project in North Queensland.

The amount involved remains confidential and it comes with a range of conditions, including that Sconi developer Australian Mines completes construction by July 2023.

The State financial support package comes after the Queensland Government last year granted Sconi 'prescribed project' status to streamline the approvals process.

Australian Mines has successfully completed production runs of battery-grade cobalt sulphate and nickel sulphate with ore from Sconi, near Greenvale.

The project will feature a 2Mtpa ore processing plant producing. . .

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Sconi processing delivers high-purity samples

Written by dev on . Posted in All News.

Australian Mines says it has successfully completed production runs of battery-grade cobalt sulphate and nickel sulphate with ore from its Sconi project, near Greenvale.

Demonstrating its ability to produce high-purity samples supports ongoing offtake negotiations for the planned $1.4 billion cobalt-nickel-scandium operation.

Australian Mines said today it was continuing to make good progress on these negotiations, however they were now expected to extend into the second half of 2020 due to the disruptions caused by the COVID-19 pandemic.

High purity on-spec cobalt sulphate and nickel sulphate crystals produced at Australian Mines' demonstration plant. . .

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Sconi study delivers new nickel and cobalt targets

Written by dev on . Posted in All News, Energy, Exploration.

Australian Mines has identified 14 new nickel and cobalt exploration target areas within and adjacent to its Sconi project, near Greenvale in North Queensland.

Managing director Benjamin Bell said the company's primary focus remained on securing binding offtake and financing agreements for Sconi.

However the new targets showed there was still a lot that it could do to add even more value to the battery metals project.

An independent study by SRK Consulting re-evaluated the company's drilling data alongside digital mapping data sourced from the Geological Survey of Queensland and the latest Department of Natural. . .

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Sconi mining project proponent raises $1.45m

Written by dev on . Posted in All News.

Sconi mine developer Australian Mines says it has received firm commitments from a UK-based investor for a share placement to raise $1.45 million.

The funds would be used to produce battery-grade nickel sulphate and cobalt sulphate samples for potential offtake and financing partners, and for general working capital, the company said.

“The commitment to invest $1.45 million is seen as a strong endorsement of the potential of Australian Mines’ 100 per cent owned Sconi project to become a globally significant producer of battery materials," Australian Mines managing director Benjamin Bell said.

"This investment will. . .

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Sconi centre stage in 2020

Written by dev on . Posted in All News, Exploration, Processing / Manufacturing.

Australian Mines will sharpen its focus on its $1.4 billion Sconi project in 2020, with plans to close an office in New South Wales as it continues to pursue the North Queensland development.

Managing director and chief executive officer Benjamin Bell issued a business update in the lead-up to the company's November 19 AGM.

"The primary focus for Australian Mines during the 2020 financial year will be securing a binding offtake agreement and project finance for the Sconi project," he said.

"Our priorities for the development of Sconi in FY2020 include pre-construction work on shared. . .

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Australian Mines keen to start Sconi

Written by dev on . Posted in All News, Processing / Manufacturing.

Australian Mines says it has stepped up funding negotiations for its Sconi battery metals project in North Queensland 'to progress project construction as soon as possible'.

Managing director Benjamin Bell made the comment in the company's quarterly report, highlighting the significant milestones achieved over the past few months.

He also spoke of Les Guthrie joining the Australian Mines board next month, describing him as a serious, large project builder who had held leadership roles within global resources companies including BHP Billiton and BG Group.

"His appointment to our board should be taken as a very clear sign of Australian. . .

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Geology, exploration

Greenvale explorer targets Sconi-style deposit

Written by dev on . Posted in All News, Exploration, Gold.

Ausmon Resources has started field exploration work at tenements 40km north-west of Greenvale, where it is targeting Sconi-style mineralisation.

Ausmon said the initial exploration would comprise field inspections of exploration targets generated from a review of historical work on the tenements.

The company will use its pXRF instrument across the targets in addition to collecting geological observations.

"Another key aspect of this field program will be to meet all landholders and to explain our exploration methodology and discuss exploration work in general," director/secretary Eric Sam Yue said.

Ausmon holds three cobalt-nickel exploration areas covering 276sq km. . .

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Major offtake deal for Sconi battery minerals project

Written by dev on . Posted in All News.

Australian Mines has pinned down a buyer for 100 per cent of the battery-grade cobalt sulphate and nickel sulphate produced in the first seven years of its Sconi project in North Queensland.

The company today announced a long-form off-take agreement with SK Innovation.

The deal replaces and expands upon the agreed terms of a previous binding term sheet.

The State Government has declared the $1.4 billion Sconi project, near Greenvale, a prescribed project, helping to streamline approvals and fast-track the development.

The project is expected to produce 1,405,000 tonnes of nickel sulphate, 209. . .

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Sconi firms on NSW acquisition

Written by dev on . Posted in All News, Exploration, Processing / Manufacturing.

Australian Mines has released its quarterly report highlighting moves to compliment the Sconi nickel-cobalt resource in north Queensland with its Flemington acquisition in New South Wales.

The report noted that the company’s Queensland-based mineral resources, including Sconi, Bell Creek and Minnamoolka, now exceed 115 million tonnes, following a new Mineral Resource Estimate for the Bell Creek satellite deposit.

That equates to 738,359 tonnes of contained nickel and 71,575 tonnes of contained cobalt.

Meanwhile the company was moving swiftly to commence second phase of the Flemington resource expansion drilling campaign, totalling more than 12,000 metres. . .

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Boost for Sconi battery metals project coffers

Written by dev on . Posted in All News, Processing / Manufacturing.

Australian Mines has raised almost $6 million in a share placement to help advance the Sconi project near Greenvale in North Queensland.

The company's underwritten share purchase plan closed oversubscribed, with applications totalling $5.8 million received from eligible shareholders.

The funds raised will be used to advance the Sconi cobalt-nickel-scandium project in North Queensland and for general working capital.

“We value the ongoing support from our shareholders as we progress the Sconi cobalt-nickel-scandium project in North Queensland through to a Final Investment Decision during the second half of this year,” Australian Mines managing director. . .

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Sconi mine life tipped to run beyond 30 years

Written by dev on . Posted in All News.

An updated outlook for the Sconi cobalt-nickel-scandium
project in North Queensland is predicting a 30-years-plus mine life and revenue
exceeding $13 billion.

Australian Mines announced an updated mine plan, ore reserve estimate and financials to the ASX today.

It came after the company announced yesterday that it would be undertaking, by way of a prospectus, a share purchase plan to raise at least $5 million to advance the Sconi project and for general working capital.

HIGHLIGHTS

  • Expanded Mineral Resource at Sconi to support longer mine life of. . .

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EV targets a sweet sound for Sconi proponent

Written by dev on . Posted in All News, Coal.

Sconi proponent Australian Mines has been buoyed by election talk of electric vehicle targets for Australia.

The company today released a quarterly activities update, with managing director Benjamin Bell noting the boost provided by the State Government declaring the planned cobalt-nickel-scandium mine near Greenvale as a prescribed project.

He also noted it was clear that electric vehicles and renewables would be a major focus of the Federal election campaign.

"With Labor declaring a target of 50 per cent electric vehicle sales in Australia by 2030 and the Coalition also indicating it has a target of 25-50 per. . .

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Cash injection for Sconi mine developer

Written by dev on . Posted in All News, Exploration.

Sconi mine proponent Australian Mines has raised $5 million through a share placement, saying the response demonstrated a buoyant appetite in the battery metals sector.

The $1.4 billion North Queensland project has been forecast to be one of the most competitive cobalt-producing nickel operations in the world by an independent study.

it is one of three Australian cobalt projects owned by Australian Mines.

In addition to working capital and the optimisation of the Sconi project’s November 2018 Bankable Feasibility Study (BFS), the company said funds raised through the share placement would also be allocated to a resource. . .

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New findings beef up $1.4b Sconi project’s prospects

Written by dev on . Posted in All News.

Australian Mines has delivered good news on two fronts for its $1.4 billion Sconi project near Greenvale in North Queensland this week.

Updated estimates for the cobalt-nickel-scandium project have increased the mineral resources tonnes by 63.2 per cent for the project's Greenvale deposit and 94.6 per cent for Lucknow.

The Greenvale nickel deposit’s in-situ material now stands at 24.40 million tonnes and the adjacent Lucknow deposit’s material now stands at 14.62 million tonnes. (More details HERE

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Fast track for $1.4b Sconi mining development

Written by dev on . Posted in All News, Processing / Manufacturing.

The State Government has declared the $1.4 billion Sconi project near Greenvale in North Queensland as a prescribed project.

Prescribed project status will help streamline approvals and fast-track the development.

Construction is anticipated to start this year, with proponent Australian Mines set to open a regional office in either Townsville, Charters Towers or Greenvale. 

Australian Mines managing director Ben Bell welcomed the prescribed project declaration.  

“With at least 80 per cent of the workforce for the project anticipated to be employed from the local region, and almost. . .

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Drilling results confirm Sconi’s potential

Written by dev on . Posted in All News, Exploration.

Latest drilling results confirm the fact that the Sconi project near Greenvale is a "world-class deposit", according to Australian Mines.

In an update released today, Australian Mines said the most recent drilling operation had returned high-grade cobalt and nickel intersections.

As a result, Australian Mines said it had engaged an independent resource consultant to immediately commence a re-estimation of the resource, with an updated announcement expected in April.

In today's announcement, Australian Mines said the fact that drilling appeared to frequently intersect cobalt-rich zones that grade higher than 0.5 per cent suggested that the. . .

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