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Australian Mines Limited
ABN 68 073 914 191
ASX | AUZ
Level 34, 1 Eagle Street,
Brisbane, Queensland 4000
T + 61 7 3184 9184
W australianmines.com.au
17 December 2021
Australian Securities Exchange
20 Bridge Street
Sydney NSW 2000
ASX RELEASE
2021 AGM Address to Shareholders
Michael Ramsden - Chairman
Good morning everyone and thanks for joining us today.
The 2021 financial year has been unlike any other in recent living memory and the impact of the Coronavirus (COVID-19) pandemic has been challenging and pervasive for Australian Mines, including the critical minerals sector and associated global supply chains.
Notwithstanding this, Australian Mines made significant advances over the past year. We are well positioned to become a leading supplier of cost-competitive and ethically derived nickel and cobalt materials to the rapidly expanding electric vehicle and clean energy storage industries.
Critical Minerals at a Critical Time
The core of our strategy is developing the 100% owned, Sconi Nickel-Cobalt-Scandium Project in North Queensland to its full productive capability. The Sconi Project is world class by scale, quality, and ESG parameters.
Since we acquired the asset four years ago for $10 million, we have materially increased the tenement portfolio and expanded the Mineral Resource to 115 million tonnes to support a 30-year mine life. This equates to over 700,000 tonnes of contained nickel and over 70,000 tonnes of...
Read Full Story: https://www.marketscreener.com/quote/stock/AUSTRALIAN-MINES-LIMITED-10353527/news/Australian-Mines-2021-AGM-Chairman-s-Address-37353643/
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