AUZ 7.69% 1.2¢ australian mines limited

27 February 2019 Australian Mines secures funds to accelerate...

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    27 February 2019



    Australian Mines secures funds to accelerate cobalt and nickel projects


    HIGHLIGHTS:

    • $5 million raised1 through placement to sophisticated and institutional investors

    • In addition to working capital, proceeds anticipated to fund:

    o Optimisation of existing Bankable Feasibility Study of the Sconi Cobalt-Nickel-Scandium Project in North Queensland, Australia

    o Completion of resource expansion drilling at Flemington CobaltNickel-Scandium Project in central New South Wales, Australia
 
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