AUZ 0.00% 0.8¢ australian mines limited

Pricing and Stock movements, page-27

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    Flippa , Pricing from MiningNews.Net

    Nickel leads supercharged gains for base metals
    NICKEL surged to a three-year high overnight on concerns it would be impacted by sanctions on Russia.
    LME cash nickel closed 7.4% higher at US$15,224 per tonne.

    The Scandium part from the last AUZ presentation. I believe Scandium will play a role in the EV revolution.IMO
    Potential upside from scandium

    In addition to developing multiple battery metal operations, Australian Mines has established a Research and Development Division researching the application of MIG fighter-jet superalloy for the electric vehicle sector
    The advantage of this superalloy over conventional metal includes:

    • Light as aluminum (reduces vehicle weight)

    • Strong as steel (increases vehicle safety)

    • Weldable (faster vehicle build times)

    • Significantly cheaper than Carbon Fibre

    • Australian Mines continues to work collaboratively with a third-party to test and refine this superalloy

    The Sconi Project Feasibility Study is being prepared on the assumption that Australian Mines does not sell a single gram of scandium oxide over the course of the operation.


    With an apparent sale price of US$1,000kg and an estimated 70,000 kg of high-purity scandium oxide being produced at Sconi through the course of producing the cobalt sulphate and nickel sulphate, scandium oxide does offer significant upside for the Sconi Operation
 
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