Australian Mines Limited ('Australian Mines' or 'the Company') secures approvals to commence drilling the underexplored target area at Flemington, paving the way for a 1,000m program at one of the world's highest-grade scandium resources.
Highlights Drilling the underexplored target area at Flemington, defined from historical exploration and recent geophysical interpretation. Regulatory approvals secured, with permits in place for the initial holes of the planned 1,000m program. Recent Chinese policy moves elevate the strategic value of non-Chinese scandium. Flemington already hosts one of the world's highest-grade JORC compliant scandium resources, creating a powerful synergy with AUZ's proprietary metal hydride development for hydrogen storage.
Flemington Drilling Program
AUZ has finalised plans for a focused drilling campaign to test a large geophysical anomaly at the Flemington Scandium-Nickel-Cobalt Project in central New South Wales. This anomaly, defined through historical exploration and recent geophysical reinterpretation, has not been adequately tested by previous drilling and is considered prospective for scandium mineralisation.
This drilling campaign represents an important step to gather valuable geological data on the anomaly and assess its potential to host extensions of the system that forms the existing scandium resource Flemington currently hosts a JORC 2012 Mineral Resource of 6.3Mt @ 446ppm scandium (Sc) at a 300ppm cut-off 1, within a broader 28Mt @ 217ppm Sc at a 100ppm cut-off 1 . These totals, comprising Measured, Indicated and Inferred resources, are extracted from the Company's previously released resource statement and position Flemington as one of the highest-grade scandium deposits globally
Chinese Rare Earth Restrictions
On 9 October 2025, China's Ministry of Commerce issued Announcement No. 62/2025 implementing export-control licensing on rare-earth-related technologies, including mining, smelting/separation, magnet manufacturing and recycling. This development underscores the strategic importance of diversified, non-Chinese sources of rare earths including scandium. In this context, the Flemington Scandium-Nickel-Cobalt Project in New South Wales represents a jurisdictionally secure pathway for potential scandium production and downstream collaboration.
Contact:
Andrew Nesbitt
Chief Executive Officer
Australian Mines Limited
Tel: +61 8 9481 5811
Email: investorrelations@australianmines.com.au
Forward-Looking Statements
This announcement contains forward-looking statements regarding planned exploration, studies, and development activities. These statements are based on current expectations and assumptions and are subject to risks and uncertainties which may cause actual results to differ materially. AUZ does not undertake to update or revise any forward-looking statements, except as required by law.
JORC Code Compliance Statement
The Mineral Resource information in this report is based on and fairly represents information and supporting documentation prepared by Rodney Brown, who is a full time employee of SRK Consulting. Mr. Brown is a Member of the Australasian Institute of Mining and Metallurgy and has sufficient experience of relevance to the style of mineralisation and types of deposit under consideration to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Brown consents to the inclusion in this report of the matters based on his information in the form and context in which they appear. The information in this announcement that relates to Mineral Resources for the Flemington Project is extracted from the ASX announcement dated 8 January 2025. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original announcement, and that all material assumptions and technical parameters underpinning the Mineral Resource estimates, including the categorisation into Measured, Indicated and Inferred, continue to apply and have not materially changed.
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