AUZ

11.1%

0.8¢ australian mines limited

HI Flippa, current price of AUZ worth to accumulate? Thanks!

First 66 Last

Share
Profile

Follow
xiongshi

126 Posts.

19/11/17

01:17

Post #: 28924133
Share

Originally posted by Flippa01 ↑

Hi Teddy Good question. As stated in previous ann's by BB AUZ have studied the lab results from both MLM and JRV in going first as partners then buying the tenements outright from them. Also they would be looking a CLQ lab results for Sunrise as CLQ now calls their site. Most lab tests by ,I know for, JRV were regarding the scandium and a little research with CSIRO for Ni and Co extraction and trying to reclaim acid foe re-use as I stated in a previous post. There is a analysis done for MLM for Sconi by Ausenco (an engineering firm) investigating heap leach to extract the Ni and Co . Heap leach is lay down plastic over a large area use acid in enormous quantities to seep thru ore capture seepage via drains then go straight to SX. This process is used by gold and copper producers quite sucessfully on operating plants as the heap leach is over massive areas and they already have operating plants to allow them to wait the long period for the seepage, it is used mainly on very low grades not worthwhile going thru milling and CIL circuits.
But biggest problems is amount of acid required and time taken to get anything worthwhile. Also massive EPA issues.
This would be why MLM after recieving report discarded this idea. Murrin tried it back in 2003-2004 to boost production but stopped as it was not worth the effort.
The reason I went down that explanation was to explain why the pilot plant is being used for samples as well as test bed for process.
Auz must demonstrate to customers that the process they are using will give repeatable constant good grade of product. They will have to send multiple (right back from lunch now can't miss dry mess ride) samples from different batches with traceable certs showing the processing temps/pressure /disharge rates/acid usage/SX solution meaning the kero solution used for SX has different chems for the Co and Ni extraction are constant. Also % of Ni and Co metal in the two different sulphates will have to be at I would say the 20% that BB has previously mentioned as this is obviously what customers are looking at.
Doing all this will also test the process that it can be done economically will will be used in BFS as well.
These plants are quite expensive as previously stated and you want to know that the process you use works. As stated in previous threads Murrin took 13yrs before they achieved constant nameplate and Goro to my knowledge has not yet achieved constant nameplate design after commissioning started on claves and refinery in late 2009.
These guys don't have the unlimited cash that Vale,BHP, Sherritt have to keep tweaking and engineering to achieve outputs
This is why as I previously stated that I invested in AUZ, that they have gone to the expense of the quite good pilot plant $2Mln.

Expand

HI Flippa, current price of AUZ worth to accumulate? Thanks!

AUZ Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

TVN

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Climate change to drive market trends to the moon

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

KGL

KGL sniffs 19% Cu from drilling at Rockface play in NT

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

ITM

Fast-track assaying yields 182 g/t gold for iTech at new NT play

LLL

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

RHI

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

STN

Saturn’s stars have aligned for the gold explorer’s Apollo Project

There are more pages in this discussion • 57 more messages in this thread...

First 66 Last

Add AUZ (ASX) to my watchlist

(20min delay)
Last 0.8¢		Change -0.001(11.1%)		Mkt cap ! $11.18M

Open	High	Low	Value	Volume
0.9¢	0.9¢	0.8¢	$34.02K	4.190M

Buyers (Bids)

No.	Vol.	Price($)
8	3693178	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	4839817	12

View Market Depth

No.	Vol.	Price($)
8	3693178	0.008
47	20111270	0.007
22	7707599	0.006
19	10920398	0.005
7	4250000	0.004

Price($)	Vol.	No.
0.009	4839817	12
0.010	7732616	23
0.011	2581750	9
0.012	5414667	9
0.013	2250000	5

Last trade - 16.10pm 05/07/2024 (20 minute delay)

AUZ (ASX) Chart

HI Flippa, current price of AUZ worth to accumulate? Thanks!

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Climate change to drive market trends to the moon

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

KGL sniffs 19% Cu from drilling at Rockface play in NT

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

HI Flippa, current price of AUZ worth to accumulate? Thanks!

Top Stories

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Climate change to drive market trends to the moon

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

KGL sniffs 19% Cu from drilling at Rockface play in NT

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News