Australian Mines Limited (ASX: AUZ) has announced a significant expansion in its Flemington Mineral Resource Estimate (MRE) under JORC 2012 standards. At a scandium cut-off of 300 ppm, the 2025 MRE has increased from 3.7 Mt to 6.3 Mt, maintaining high scandium grades of 446 ppm. With 98% of the MRE classified as Measured and Indicated and 90% located within 50 meters of the surface, the resource shows great promise for near-surface mining. The total mineralized inventory stands at 28 Mt at a scandium grade of 217 ppm, further highlighting the resource's potential.
Situated near major scandium projects, including Rio Tinto's Burra and Sunrise Energy Metals' projects, Flemington is positioned as a high-quality critical mineral resource. With scandium demand expected to grow at 14.7% CAGR through 2030, AUZ is poised to capitalize on its strategic advantages in scandium’s key applications in hydrogen storage, SOFCs, and lightweight alloys.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
