Lets hope MLM announce this to SH. 6 DIRECTORS’ REPORT Within...

Lets hope MLM announce this to SH.

6 DIRECTORS’ REPORT Within Sconi’s cobalt resource is a higher-grade zone of 16.3 million tonnes at 0.12% cobalt. This resource grade is in the same category as cobalt projects like Barra Resources’ Mt Thirsty Project1 in Western Australia. The DFS process will determine the type and annual output of any saleable secondary products, such as cobalt and nickel salts, which will be produced in addition to high-purity scandium oxide at Sconi. To ensure the project remains on track Australian Mines scheduled the commencement of its on-ground activities at Sconi for March 2017. The initial program will include a limited resource in-fill RC drill program designed to enable a JORC-compliant Proved and Probable Ore Reserve to be calculated for the Sconi Scandium-Cobalt ore body.