Australian Mines Limited ( ASX:AUZ )
Just weeks from now, Australian Mines (ASX:AUZ) will be delivering offtake samples of commercial-grade cobalt sulphate, nickel sulphate and scandium oxide from its demonstration-size processing plant in Perth.
In doing so, AUZ is looking to quickly emerge as a major global supplier of critically needed battery and technology metals at a time when demand is set to peak.
AUZ was busy over the Christmas break, installing the autoclave that is a vital piece of the polymetallic puzzle for boosting its processing capacity.
Commissioning of its processing plant will begin later this month after one of the world’s leading inspection, verification, testing and certification companies gave AUZ’s new equipment a big thumbs up.
AUZ has two world-class, JORC-compliant, cobalt, nickel and scandium projects in NSW and Queensland and each project is estimated to have a mine life of at least 20 years and has potential to provide 95% of the raw materials used in emerging battery technologies.
This $348 million-capped ASX junior’s, Sconi Project is the most advanced project of its kind in Australia, with mining and environmental approvals in place, and a Bankable Feasibility Study (BFS) in its final throes.
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Commissioning of the processing plant is on schedule for the end of this month, with offtake samples just weeks away.
AUZ is also moving at pace to complete its BFS at its Sconi Project and PFS at its Flemington Project, on top of an accelerated Resource expansion drilling programme occurring right now.
Should it meet all its milestones, AUZ could meet its 2018 electric dreams.
AUZ Weeks Away From Delivering Offtake Samples of Critical Battery Metals
Jan 23, 2018
We’re only several weeks into a new year, and yet sharply focused ASX junior, Australian Mines (ASX:AUZ), already has its hands full.