Crunch Time for Australian Mines in Queensland

Published at Sep 28, 2017, in Mining

Junior developer Australian Mines (ASX:AUZ) has commenced trial mining at its flagship Sconi Cobalt-Nickel-Scandium Project in Queensland, Australia.

This comes as Aussie-based explorers pick up their rates of exploration activity as we head towards the end of the calendar year. Over the past few weeks, several juniors have announced drilling and sampling programmes across a variety of commodities, and especially metals.

AUZ reports that bulk ore samples totalling 20 tonnes were successfully mined and are to be delivered to a ‘demonstration-size processing plant in Perth’.

AUZ expects to process its mined ore from Sconi within the coming weeks, to produce 160 kilograms of nickel sulphate, 20 kilograms of cobalt sulphate and 5 kilograms of high-purity scandium oxide.

Overall this is an early stage play and as such any investment decision should be made with caution and professional financial advice should be sought.

According to AUZ, all commercial-grade samples obtained as part of the trial-mining operation have ‘already been allocated to current off-take discussion partners’.

The cobalt sulphate, nickel sulphate and scandium oxide to be produced from this ore has already been allocated in full to interested battery and technology metal manufacturers in Europe, Asia, the United Kingdom and North America.

AUZ Market Conclusions

AUZ intends on completing its designated trial mining programme before year end and commence full-scale mining as soon as possible. The Sconi Project is currently one of the most advanced active cobalt developments in Australia. AUZ has all the necessary mining approvals in place and an estimated mine life in excess of 20 years without including further exploration work still to be done.

More broadly, AUZ hopes to capitalise on the ongoing energy-storage industry changes that have seen electric vehicles (and their lithium-ion batteries) catapulted to the forefront of both investor and consumer attention spans.

AUZ is prioritising work that satiates the growing need for additional cobalt supplies from existing battery and technology metal manufacturers.

Over the coming months, AUZ plans to formalise its market intentions by completing a Bankable Feasibility Study (BFS) on Sconi, expected to be done and dusted by the end of April 2018. A final investment decision on a full-scale mining and processing operation will follow soon after.

AUZ Managing Director Benjamin Bell explained that,

“A larger scale run is scheduled for the December quarter [2017]. We are advancing off-take discussions with nine separate interested parties. These discussions are on-going with many subject to the receipt of samples from the current trial mining operation at Sconi”.

Where to invest $1,000 right now

When the experts at Next Investors have a stock pick, it may pay to listen.

The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.

They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.

Click the link below to see what they are currently investing in.




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!