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Australian Mines Limited (ASX:AUZ)

ALERT: Price-sensitive ASX Announcement for AUZ
Current share price for AUZ : $0.100 0.067 (203.03%)+
Announcement
Release
25 Aug 2026 9:21AM
Price at Release
$0.033
Full Release
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Summary
Australian Mines Limited has announced the commencement of a multi-purpose drilling program at its Flemington Scandium Project in New South Wales. The program is set to begin upon receiving the necessary Assessable Prospecting Operation approval from NSW Resources. The initiative aims to explore resource extensions, focusing on the high-grade scandium mineral resources already established, and includes plans for metallurgical and infrastructure-related drilling. The drilling is part of ongoing efforts to assess potential production increases in response to growing scandium demand. The company is examining scenarios to potentially upscale scandium oxide production to 180 tpa, leveraging its existing Mineral Resource base, while also preparing for future resource updates and mine planning.
Key Points
  • Multi-purpose drilling program at Flemington Scandium Project to commence.
  • Program execution pending Assessable Prospecting Operation approval.
  • Drilling will test areas adjacent to existing high-grade scandium resources.
  • Metallurgical and infrastructure-related drilling included.
  • Potential to increase scandium oxide production to 180 tpa being assessed.
  • Focus on resource extension and potential new mineralisation.
  • Preparation for future resource updates and mine planning.
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.