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Pretty impressed with the tone of the announcements and depth of...

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lifeguard22

1,883 Posts.

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20/12/17

20:24

Post #: 29783750
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Originally posted by ajm65 ↑

STTCOMP AUZ, FA Long

AUZ - Australian Mines – cobalt / scandium in Qld and NSW.

SP = 10c
SOI = 2.68b
MC = $268m

Three cobalt / scandium projects:
* SCONI project in northern Qld. Average feed grade of 0.11% cobalt and 0.81% nickel for the first 20 years of operation.
* Flemington project in central NSW is adjacent to and a continuation of the CLQ Sunrise deposit
* Early stage Thackaringa project in western NSW (Broken Hill) near COB

Demonstration plant in Perth due for completion in Jan 2018:
* Throughput capacity 2,200kg of ore per day.
* Weekly production target of 67kg cobalt sulphate, 500kg nickel sulphate, 8kg scandium oxide

AUZ raised $20m at 8.5c in oversubscribed placement to international funds in November, receiving applications for $40m in what was intended to be a $10m placement.

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Pretty impressed with the tone of the announcements and depth of information from AUZ management. If they can pull their aspirational plans together, it’ll be a very profitable company indeed..
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