trending Market Intelligence /marketintelligence/en/news-insights/trending/lyupbadxugusg6m5t3hnbw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Australian Mines secures options on 2 Australian scandium-cobalt projects

Assessing The Impact Of COVID-19 On Businesses: Changes Happening With More On The Way

Small Scale Solar Projects by the Numbers

Infographic: Solar Power by the Numbers - The U.S., Canada and Mexico

Industries Most and Least Impacted by COVID 19 from a Probability of Default Perspective March 2020 Update


Australian Mines secures options on 2 Australian scandium-cobalt projects

Australian Mines Ltd. said Oct. 10 that it entered into an option agreement with Jervois Mining Ltd. to acquire a 100% stake in the latter's Flemington scandium-cobalt project near the Syerston property in New South Wales, Australia.

Under the terms, the company will make A$2 million in staged payments to Jervois Mining to exercise the option. The project's total purchase price is A$6 million, excluding all option fees paid.

The agreement also includes a 1.5% gross sales royalty on the sale of products derived from the Flemington assets.

Work on a project scoping study has been started, according to the statement.

In addition, the ASX-listed miner entered into a separate agreement with Metallica Minerals Ltd. to earn up to a 75% stake in the advanced Sconi scandium-cobalt project in Queensland, Australia.

To earn an initial 50% stake in Sconi, Australian Mines will either complete a definitive feasibility study on the project within four years or spend A$10 million, as well as secure funding as estimated in the study within the next 18 months to earn the maximum 75% project stake.

The company will pay A$250,000 upon entering a joint venture agreement on Sconi.

Australian Mines has started work on the a definitive feasibility study, which is expected to take up to two years to complete ahead of a decision to mine.

These transactions will provide the company with a clear pathway to production through the development of the premium-quality scandium resource at Sconi before expanding to bring the high-grade Flemington scandium-cobalt project on line by 2022, Australian Mines said in the statement.