trending Market Intelligence /marketintelligence/en/news-insights/trending/BXBeddzoO0EO04IMS8ob1A2 content esgSubNav
In This List

Australian Mines expands scope of cobalt-scandium mineralization at Flemington

Blog

Essential Metals & Mining Insights - October 2021

Blog

Post-webinar Q&A: Global Credit Risk Trends 2021 and Beyond

Video

Essential Metals & Mining Insights - September 2021

Blog

Lithium and Cobalt CBS September 2021 — Lithium price surges, cobalt range-bound


Australian Mines expands scope of cobalt-scandium mineralization at Flemington

Australian Mines Ltd. said Aug. 11 that resource drilling at its Flemington project in New South Wales tripled the scandium mineralization footprint and doubled the cobalt mineralization footprint.

Significant cobalt intercepts include 5 meters grading 3,152 parts per million from a depth of 4 meters and 8 meters grading 3,017 ppm from 5 meters.

Notable scandium intercepts include 21 meters grading 577 ppm, 16 meters grading 556 ppm and 14 meters grading 600 ppm, all from surface.

The company reported that mineralization remains open in all directions and its drill efforts have demonstrated that the Flemington and Syerston deposits are parts of the same mineralized body.

Australian Mines plans to post an initial cobalt resource estimate and an upgraded scandium resource estimate within six weeks.