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Australian Mines Limited ( (AU:AUZ) ) has provided an update.
Australian Mines Limited has announced a significant increase in the JORC 2012 Mineral Resource Estimate at its Flemington site, with scandium resources expanding from 3.7 million tonnes to 6.3 million tonnes. The updated resources, classified mostly as Measured and Indicated, offer a higher potential for mineralization at lower cut-offs, prompting the company to reassess mining and metallurgical factors to optimize production. This expansion positions Flemington as one of the highest-grade scandium resources in its area, potentially enhancing Australian Mines Limited’s competitive standing in the critical minerals sector.
More about Australian Mines Limited
Australian Mines Limited is a company operating in the mining industry, focusing primarily on the extraction and development of critical minerals such as scandium, nickel, and cobalt. The company is strategically focused on resource expansion and optimization of high-grade mineral deposits to maintain a competitive advantage in the market.
Average Trading Volume: 24,141
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $7.87M
For an in-depth examination of AUZ stock, go to TipRanks’ Stock Analysis page.
