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Australian Mines Limited (ASX:AUZ)

ALERT: Price-sensitive ASX Announcement for AUZ
Current share price for AUZ : $0.032 0.01 (45.45%)+
Announcement
Release
29 Jul 2026 2:22PM
Price at Release
$0.022
Full Release
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Summary
Australian Mines Limited provided its quarterly activities report and Appendix 5B Cash Flow Report for the period ending 30 June 2026. Key activities included ongoing exploration at the Flemington Scandium Project, with a major milestone being the completion of the SRK Scoping Study. This study confirmed the potential for a long-life, significant primary scandium operation. The company also advanced its Boa Vista Gold Project in Brazil, identifying 14 additional gold targets, and continued development on its Metal Hydride Technology for hydrogen storage. Financially, the company reported a cash balance of AUD 5.238 million at quarter-end, with estimated funding available for 5.19 quarters based on current cash reserves and outgoings.
Key Points
  • Completion of SRK Scoping Study for Flemington Scandium Project.
  • 14 additional prospective gold targets identified at Boa Vista Gold Project.
  • Advancement of Metal Hydride Technology for hydrogen storage.
  • Cash balance at quarter-end was AUD 5.238 million.
  • Estimated funding available for 5.19 quarters.
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.