Australian Mines Limited (ASX: AUZ; OTCQB: AMSLF), incorporated in 1996 and based in Brisbane, wholly owns the Sconi nickel-cobalt-scandium laterite project approximately 220km northwest of Townsville, North Queensland. It completed a Bankable Feasibility Study (BFS) for Sconi in November 2018, its most advanced completed study, but the project has not proceeded to a construction decision in the 7+ years since, through an extended nickel and cobalt price downturn. In its 2026 financial year the company shifted its attention to the earlier-stage Flemington scandium project in New South Wales, where an April 2026 scoping study was followed by a pre-feasibility study now targeted for completion in mid-first quarter 2027, and to the Boa Vista gold project in Brazil, which it is earning into, while keeping Sconi in good standing. It has also diversified into an 'Energy Storage' technology initiative, a proprietary scandium-alloy Metal Hydrides technology for hydrogen storage, alongside its two mineral-deposit assets.
Notable vs. Peers
- Trading within 0% of its 52-week high — strong recent price momentum.
Lifecycle Milestones
Not in place: mill. Not yet determined: tailings facility.
Not yet determined: mill, tailings facility, grid power.
Combined view across 2 projects. Figures below are only combined where the underlying basis genuinely matches -- see the notes under each.
- 614.7K t NiSconi Nickel-Cobalt-Scandium Project, North Queensland, Australia
- 2.8K t scandiumFlemington Scandium-Cobalt-Nickel Project, New South Wales, Australia
- 15%Sconi Nickel-Cobalt-Scandium Project, North Queensland, Australia
- 32%Flemington Scandium-Cobalt-Nickel Project, New South Wales, Australia
- 30 yrsSconi Nickel-Cobalt-Scandium Project, North Queensland, Australia
- 28 yrsFlemington Scandium-Cobalt-Nickel Project, New South Wales, Australia
Jurisdiction (40%)9/10
Queensland: Fraser PPI 2025 is 82.72 of 100 (rank 18 of 68), which maps to 9 on this site's scale. The Sconi project is in North Queensland, Australia, a jurisdiction with Tier-1 rule of law.
Infrastructure (40%)6.4/10
No confirmed mill, confirmed road access, and confirmed grid power at Sconi Nickel-Cobalt-Scandium Project, North Queensland, Australia; tailings facility not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)Not yet researched
No project coordinates on file yet, so distance to a producing mine can't be measured.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score: Not yet researched
Distance not yet researched: no project coordinates on file
Distance can't be measured without coordinates, so excluded rather than counted as far.
Weight 22.5% - Lifecycle stageSub-score:10/10
Stage: Feasibility Study
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 57% here - JurisdictionSub-score:9/10
Australia: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 26% here - CommoditySub-score:4/10
Primary commodity: Nickel
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 17% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
CEO of Australian Mines Limited. Mining engineer by training, with 25+ years in the natural resources sector.
Non-Executive Chairman (Independent) of Australian Mines Limited, chaired the company since 2011. Corporate lawyer and finance advisor with 30+ years' experience; Managing Director of Terrain Capital Limited in Australia; previously worked for CIBC Australia, JP Morgan and Scandinavian Pacific Investments Limited.
Non-Executive Director (Independent) of Australian Mines Limited, on the board since 2011. 20+ years in corporate fundraising and M&A across resources and emerging technology; Managing Director of Terrain Capital Limited.
Qualified lawyer with over 30 years' experience in a variety of corporate roles; currently a director or company secretary of a number of listed, unlisted and not-for-profit entities.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Australian Mines, based in Brisbane, wholly owns the Sconi nickel-cobalt-scandium laterite project about 220 km north-west of Townsville in north Queensland, for which it completed a bankable feasibility study in November 2018, but the project has not proceeded to a construction decision through an extended downturn in nickel and cobalt prices. The company's measured and indicated nickel resources total 614,727 t (157,981 t measured and 456,746 t indicated), with a further 121,372 t inferred. In its 2026 financial year it shifted its focus to the earlier-stage Flemington scandium project in New South Wales, where an April 2026 scoping study was followed by a pre-feasibility study now targeted for completion in mid-first quarter 2027, and to the Boa Vista gold project in Brazil, which it is earning into. It has also diversified into energy-storage technology, a proprietary scandium-alloy metal hydride for hydrogen storage.