Australian Mines readies scandium drilling at Flemington
Original announcement by stockhead on
- Company
- Australian Mines
- Ticker
- AUZ
- Exchange
- Unavailable
- Region
- NSW
- Primary commodity
- Scandium
- Secondary commodities
- None reported
- Document categories
- Resource update, Drill results, Metallurgy
- Extracted
- 2026-08-25 03:04:32 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Australian Mines is preparing a multi-purpose drilling program at its Flemington scandium project to support resource extension, metallurgy, and infrastructure work. The project currently hosts a 6.3Mt scandium resource at 446ppm, with approximately 98% in the measured and indicated categories. The drilling will coincide with a fast-tracked Pre-Feasibility Study (PFS) evaluating production scenarios up to 180tpa of scandium oxide.
Reasoning: The company is preparing a multi-purpose drilling program to support resource extension and metallurgy for a fast-tracked PFS at a high-grade scandium project.
Positive factors
- High-grade scandium resource (446ppm)
- High M&I percentage (~98%)
- Strong metallurgical recovery (90.8%)
- Fast-tracked PFS testing higher output scenarios
Negative factors
- Drilling program is pending regulatory approval
Facts used in scoring: 2
Classification and evidence
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: Approximately 98% of the resource is in the measured and indicated categories.
Evidence · text
“About 98% of the resource is in the higher-confidence measured and indicated categories”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 90.8% recovery reported in scoping study.
Evidence · text
“90.8% overall scandium recovery”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: Uses a hydrometallurgical flowsheet including HPAL and solvent extraction.
Evidence · text
“conventional hydrometallurgical flowsheet of high-pressure acid leaching, solvent extraction, oxalate precipitation and calcination”
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Resource Estimates (2)
indicatedscandiumTonnes: 6300000Grade: 446Grade Unit: ppmView all detailsHide details
Identity
- Commodity
- scandium
- Ticker
- AUZ
Resource Data
- Category
- indicated
- Tonnes
- 6300000
- Grade
- 446
- Grade Unit
- ppm
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: Part of the ~98% M&I resource reported.
Positive factors
- High grade for scandium
Evidence · text
“6.3Mt at 446ppm scandium resource, with about 98% in the measured and indicated category”
Fact 2scandiumView all detailsHide details
Identity
- Commodity
- scandium
- Ticker
- AUZ
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-25T00:00:00.000Z
Reasoning: High recovery achieved in scoping study using HPAL/SX route.
Positive factors
- Strong recovery for scandium
Evidence · text
“90.8% overall scandium recovery in scoping-study testwork using a conventional hydrometallurgical flowsheet of high-pressure acid leaching, solvent extraction, oxalate precipitation and calcination”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.