MLM metallica minerals limited
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News: MLM Australian Mines updates on two deals to acquire advanced scandium projects

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    10/10/16
    08:40
    Post #: 19735601

    Oct 10 (Reuters) - Australian Mines Ltd (AUZ)

    • Entered into option agreement with Jervois Mining to acquire 100% of the Flemington scandium-cobalt project near Fifield in New South Wales
    • Entered separate agreement with Metallica Minerals to earn up to a 75% interest in the advanced sconi scandium-cobalt project
    • Total purchase price of the flemington project will be $6 million
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