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Australian Mines Limited (ASX:AUZ)

ALERT: Price-sensitive ASX Announcement for AUZ
Current share price for AUZ : $0.024 0.006 (29.73%)+
Announcement
Release
28 Apr 2026 9:01AM
Price at Release
$0.019
Full Release
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Summary
The Scoping Study by Australian Mines Limited for the Flemington Scandium Project showcases a promising development opportunity with strong economic viability and significant sensitivity to scandium pricing. Based on a cautious mine design price of US$1,500/kg Sc2O3, the project estimates a post-tax NPV8 of US$270 million and an IRR of 32%. However, a sensitivity analysis with a market-aligned price of US$3,000/kg Sc2O3 suggests a much higher post-tax NPV8 of US$860 million and an IRR of 74%. The project involves a 28-year mine life, processing approximately 2.1Mt of oxide ore with a 60tpa production of scandium oxide and a recovery rate of 90.8%. Key risks include funding availability, market demand, and environmental approvals. The study does not support ore reserve estimates and emphasizes the need for further evaluation through Pre-Feasibility and Feasibility Studies.
Key Points
  • Scoping Study demonstrates strong economic viability for Flemington Scandium Project.
  • Initial cautious price assumption of US$1,500/kg Sc2O3; sensitivity analysis at US$3,000/kg Sc2O3.
  • Potential post-tax NPV8 of US$860 million and IRR of 74% at higher price scenario.
  • 28-year mine life with 2.1Mt of oxide ore and 60tpa scandium oxide production.
  • Project leverages existing regional infrastructure in central New South Wales.
  • Key risks include funding availability, market demand, and environmental approvals.
  • Study requires further Pre-Feasibility and Feasibility evaluations.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.