Australian Mines Appoints Specialist Consultant Team to Complete New South Wales Scandium Project Prefeasibility Study, Shares Jump 5%

MT Newswires Live09:07

Australian Mines (ASX:AUZ) appointed a key specialist consultant team to complete the prefeasibility study for its Flemington scandium project in New South Wales, according to a Wednesday Australian bourse filing.

Faultzone will manage the overall study integration, Simulus Engineers will undertake the metallurgical testwork and process engineering, GeoHart & Associates will provide the mining and infrastructure geotechnical expertise, and AARC Environmental Solutions, as well as Hydrogeologist.com.au, will address the environmental and approvals pathway.

Completion of the integrated prefeasibility study is targeted for mid-first quarter of 2027. A total of 60 tonnes per annum of scandium trioxide remains the detailed study reference case, and higher production scenarios of up to 180 tonnes per annum will also be assessed.

Its shares jumped 5% in recent trading on Wednesday.

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