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Australian Mines Limited (ASX:AUZ)

ALERT: Price-sensitive ASX Announcement for AUZ
Current share price for AUZ : $0.027 0.003 (12.50%)+
Announcement
Release
27 Jul 2026 8:52AM
Price at Release
$0.024
Full Release
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Summary
Australian Mines Limited has announced the fast-tracking and expansion of the Pre-Feasibility Study (PFS) for their high-grade Flemington Scandium Project in New South Wales, Australia. The PFS aims to assess the technical and economic feasibility of scaling up scandium oxide production from 60 tonnes per annum (tpa) to 180 tpa in response to potential supply shortfalls and increasing demand. This project, strategically located in a known scandium hub, boasts one of the highest-grade scandium mineral resources globally. The PFS, anticipated to take 6-9 months, will include additional drilling for metallurgical tests and exploring potential resource extensions. Initial economic assessments showed a post-tax NPV8 of up to US$860 million at market-aligned pricing scenarios.
Key Points
  • Flemington Scandium Project PFS fast-tracked for scale-up assessment.
  • Annual Sc2O3 production could increase from 60 tpa to 180 tpa.
  • PFS follows a compelling Scoping Study with strong economics.
  • Project located in a strategic scandium hub in New South Wales.
  • High-grade scandium Mineral Resource at Flemington.
  • PFS expected to take 6-9 months, including new drilling programs.
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.