AUZ 0.00% 0.7¢ australian mines limited

Ann: Technical Reports for Sconi and Flemington Projects, page-13

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    Friday's Release of the "Technical Report" was exactly what it said on the Tin.
    There was no further news, it was to put out a standard upto date Tech Report on projects.

    For Flemngton a $255 NPV with a 37% IRR is pretty meaty on most projects. But seeing as prices for SC and CO have risen markedly since, so accordingly does the IRR. Making it a pretty compelling business case, both for financiers, investors, and interested partners.

    AUZ are drilling out the higher cobalt zones where 4 metres @ 0.56% cobalt from 5 metres below the surface (drill hole SY66)8 , which ended in a cobalt grade of 0.40% remaining open both at depth and along strike were returned.

    Bulking up the Mineral resource of Flemington is nailed on, it's just a matter of getting it done.
    Add to the Sconi 54,000 contained Tonnes, and AUZ will be catching up CLQ as resource definition is declared through the months.

    &
    Not forgetting Sconi's NPV of $804m

    In aggregate : We have a Cool Billion in NPV for highly sort after commodities in the battery and automotive markets.

    For a $27m mk cap.

    From reading that whole 65 page document, I think we'll get news on Off take partners, and a potential cornerstone investor, most likely a chinese entity.

    Lets see. All to play for.
 
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