AUZ 0.00% 1.0¢ australian mines limited

Ann: Quarterly Cashflow Report, page-24

  1. 458 Posts.
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    Definitely very positive news. I would actually buy more if there was more funding available if the investor is more long term oriented.
    Main takeaways are:

    1. Commissioning of Sconi will start next week, we will have initial product in February to send to offtakers. Most importantly AUZ will have proof of their BFS concept for processing ore with real life recovery/product numbers. That would be solid proof of concept. (GOOD CONFIRMATION)

    2. Aggressive exploration is planned from March to June on Flemington, which will be basis for PFS in second half. (CONFIRMATION FOR BUSY second half)

    3. Thackaringa Update- YES. we have anomaly. Everybody was worried that there were no valid anomaly from geophysics, because COB had already released news on their anomalies.
    We have few very large anomalies, and geological team checking on surface, right now. Means we could as much as what COB has in possible cobalt sulfide ore. (BIG TIME POSITIVE).

    4. For spin-off of non-core assets. IMHO, there no value is given by market for these projects. Best way for shareholders to get some value is what management is offering. (BONUS)

    Basically good positive confirmation everything is intact, still strong fundamentals, and some great values to be unlocked for shareholders in due time. I would really looking forward to year end SP.

    Well defined in one of tables. "Uniquely Positioned" in Australian nickel-cobalt space.
 
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