AUZ australian mines limited

As of now, the best Scandium assets on the ASX are RIM and AUZ...

  1. 367 Posts.
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    As of now, the best Scandium assets on the ASX are RIM and AUZ with huge upside potential,

    RIM JORC resource as below with ~$150mil market cap.

    RIM totally have 5,070t Sc Oxide

    - 3Mt @ 240 ppm Sc (Indicated and Inferred) (1,120t Sc Oxide)
    - 21Mt @ 125 ppm Sc ( Inferred ) (4,050t Sc Oxide)

    https://hotcopper.com.au/data/attachments/6518/6518561-bf2f4cf9f11da42bc0f498b84327dcf3.jpg


    AUZ also have huge JORC resource for Sconi and Flemington, while AUZ market cap is around ~$19mil AUD at the moment.


    SconiEquivalent Sc Oxide (t) = 5,741t


    Flemington Project


    AUZ's Flemington is 403ppm with 500 holes missing from current Jorc resource, it is one of the highest grade Sc projects globally, I believe the resource will increase significantly if they include the 500 drill holes. Flemington located in close proximity to RIM Scandium project.

    https://hotcopper.com.au/data/attachments/6518/6518567-2adbc8467e3c086fd8ba5e705a32e39c.jpg


    AUZ should RIM both should go $500m market cap imo.


 
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