Australian Mines enters scandium research partnership

By Megan Graham. Published at Jun 12, 2018, in Mining

Australian Mines Limited (ASX:AUZ) has confirmed its commitment to maximising revenue and shareholder value from the company’s Sconi Project in Queensland.

The company’s plans to commercialise the high-purity scandium oxide — intended to be produced alongside the project’s cobalt sulphate and nickel sulphate output — have been bolstered by news today that it has entered into a partnership with UK-based technology company Metalysis.

The agreement will add to the ongoing research and development program around “a solid-state process to produce a low-cost yet superior aluminium-scandium alloy for potential use by the automotive and aerospace industries”.

Of course the stock remains speculative at this stage, so investors should seek professional financial advice if considering AUZ for their portfolio.

Originally invented by the University of Cambridge (UK) and then commercialised by Metalysis, this innovative solid-state process has already demonstrated an ability to produce an aluminium-scandium master alloy containing 15 times the amount of scandium compared to conventional industry processes.

In this instance, a master alloy refers to a pre-alloyed concentrate of scandium metal that is added to an aluminium melt to produce the desired final product; an aluminium-scandium alloy useful in automotive and aerospace manufacturing, which generally contains only 0.2% scandium metal.

What’s the upside?

If AUZ is able to utilise Metalysis’ process to produce a scandium-rich master alloy, which would result in a final product up to 30% scandium metal (compared to the industry’s current 2% scandium metal), the outcome could be a 93% reduction in the amount of scandium master alloy required to make the final aluminium–scandium metal requested by end-users.

It follows, according to AUZ, that the success for this development could equate to a significant reduction in the cost of producing the final aluminium–scandium metal — to the extent that AUZ’s contract offer price for the products would be materially lower than most other specialty metals currently available on the market.

View Our Investment Portfolios

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!