The company's shares have eased 4.6% to $0.021.
At the end of September, the company commissioned a helicopter-borne electromagnetic and magnetic geophysical survey of its wholly-owned Thackaringa Cobalt Project, which is located in a region highly prospective for cobalt mineralisation near Broken Hill in New South Wales.
This will be the first exploration work on the greenfields project since Australian Mines acquired Thackaringa in February this year.
The survey has been designed to map the sulphide-bearing geology which hosts the region’s known cobalt mineralisation.
|Australian Mines Ltd||AUZ||$0.021||-4.55%||93,324,715|
|Uranium Equities Ltd||UEQ||$0.012||100%||45,116,734|
|Merlin Diamonds Ltd||MED||$0.004||-33.33%||43,388,897|
|Lynas Corporation Ltd||LYC||$0.222||0.91%||37,119,438|
|Centuria Capital Ltd||CNI||$1.405||8.08%||34,966,751|
|Lakes Oil NL||LKO||$0.002||100%||26,628,774|
|Mustang Resources Ltd||MUS||$0.137||24.55%||26,209,599|
|Boart Longyear Ltd||BLY||$0.021||0%||24,245,441|
|Kairos Minerals Ltd||KAI||$0.057||-9.52%||24,150,742|
|Vital Metals Ltd||VML||$0.008||14.29%||22,525,018|