Australian Mines LTD (AMSLF)

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QLD backs Australian Mines for Sconi project developmet

Australian Mines is completing pre-development work at the Sconi cobalt-nickel-scandium project in North Queensland, inching it closer to becoming a key supplier to the electric vehicle (EV) market.

This comes as the company completes its feasibility study and a further independent study of mineralisation targets within Sconi’s existing tenements.

The company has now pegged additional ground adjacent to the Sconi project to take advantage of the opportunity represented by these new nickel, cobalt and scandium targets.

The Queensland Government has granted the Sconi project with prescribed project status, which will help Australian Mines smoothly transition the site into a tier 1 project.

The government has also offered Australian Mines a conditional financial support package for Sconi, subject to the company executing an offtake agreement by September 2020.

https://www.australianmining.com.au/news/qld-backs-australian-mines-for-sconi-project-developmet/