viewAustralian Mines Ltd

Australian Mines begins resource extension drilling at Flemington in NSW

The drilling program is designed to extend the high-grade cobalt mineralised zone with about 10,000 metres of resource drilling planned over the next three months.

Australian Mines Ltd - Australian Mines begins resource extension drilling at Flemington in NSW
The company’s resource extensional drilling program at the Flemington project

Australian Mines Ltd (ASX:AUZ) has initiated the largest resource extensional drilling program to date at the Flemington Cobalt-Nickel-Scandium Project in New South Wales.

This new drilling program follows the successful resource expansion drilling at the Flemington project which resulted in a tripling of the cobalt mineralisation footprint and confirmed that the project’s high-grade cobalt zone continues to remain open along strike.

Up to 10,000 metres of drilling is planned in this resource extensional drilling program and is primarily targeting extensions of the high-grade cobalt mineralised zone, including continuity of the project’s existing resource.

Targeting extensions

It will specifically target the additional west and southwest extensions of the previously identified mineralisation within Australian Mines’ tenement boundaries.

Results from this program are anticipated to become available in early 2020.

Managing director Benjamin Bell said: “This latest phase of extensional drilling at Flemington represents the largest program ever completed over the project area and is a clear indication of Australian Mines’ confidence in the project’s ability to represent a future potential second production source of nickel and cobalt sulphate.

“Our previous drilling program had already tripled the cobalt mineralisation footprint and the current project has the potential to further increase the cobalt mineralisation footprint as well as provide a strong foundation from which a large-scale economic resource may evolve.”

Quick facts: Australian Mines Ltd

Price: 0.014 AUD

Market: ASX
Market Cap: $55.46 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Australian Mines Ltd named herein, including the promotion by the Company of Australian Mines Ltd in any Content on the Site, the Company...


Australian Mines exploration manager updates on Sconi Project

Australian Mines Ltd (ASX:AUZ) exploration manager Stuart Peterson updates Proactive Investors on the Sconi Cobalt-Nickel-Scandium Project, which is located in North Queensland, Australia. A considerable resource upgrade at two deposits was recently announced, and the company does plan to...

on 18/2/19

2 min read