Australian Mines Limited - Company Profile

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Australian Mines Limited: Segment Analysis

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Business Description

Australian Mines Limited (AML) carries out mining and exploration activities, based in Australia. The company's projects include Sconi Project in North Queensland and Flemington Project in New South Wales. AML’s cobalt and nickel sulfate crystals are used in the production of lithium-ion batteries and serve the electric vehicle manufacturers and energy storage industries. The company operates through one reportable segment which includes mining in Australia. Flemington Project is located 370 km west of Sydney, New South Wales. The project provides a total mineral resource of 2.7 million tons at 0.101% cobalt and 403 ppm of scandium in the measured category and 2.5 million tons at 0.103% cobalt and 408 ppm of scandium in the indicated category. Its Lennard nickel sulphide project is an early-stage exploration project located in WA.

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