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+17.86%
Close of 9 Nov 2026, in AUD
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About Australian Mines
Its shares trade on ASX under the ticker AUZ.AX. It has been listed since 28 September 2001. In the fiscal year to 30 June 2024, it reported revenue of A$139,000 and a net loss of A$3.8m. At that date it held total assets of A$47.0m and shareholders' equity of A$46.7m.
Australian Mines Ltd. engages in the exploration and development of mineral properties. The company is headquartered in Brisbane, Queensland. The company went IPO on 2001-09-28. The firm is developing cobalt-scandium-nickel projects in Australia, more sustainable energy sources. Its flagship Sconi project is one of very few large ore bodies of its type in Australia and is also considered the most advanced towards production. All relevant mining and environmental licenses are in place for development of a mining and processing operation. The Pre-Feasibility Study for Sconi was-based on throughput estimated to deliver an annual average production of 3,010 tonnes of cobalt sulphate, 24,420 tonnes of nickel sulphate and 77 tonnes of scandium oxide for at least the first 20 years, with average feed grades being 0.11% cobalt, 0.81% nickel and 109 g/t scandium. The company is building a demonstration size cobalt-nickel-scandium processing plant in to fast-frack negotiations with potential off-take customers and project financiers.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Materials
- Industry
- Metals & Mining
- Listed since
- 28 Sept 2001
- Employees
- 69
- Website
- australianmines.com.au ↗
Leadership
Pay as last reported
- Mr. Michael RamsdenNon-Executive Independent Chairman of the Board, since 2011A$105,000
- Mr. Michael HolmesChief Executive Officer
- Mr. Andrew NesbittChief Executive Officer
- Mr. Tim MacleanChief Operating OfficerA$305,585
- Mr. Benjamin BellManaging Director, since 2011A$548,184
- Mr. Oliver CartonCompany Secretary
- Mr. Michael EliasNon-Executive Independent DirectorA$70,000
- Mr. Dominic MarinelliNon-Executive Independent Director, since 2011A$70,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Australian Mines Ltd has a strong portfolio of mineral assets, mainly focused on copper and nickel. This provides them with a competitive advantage in the resource industry.
- The company has a team of experienced professionals who possess deep knowledge and expertise in mining operations, allowing them to efficiently extract and process minerals.
Weaknesses
- One of the weaknesses of Australian Mines Ltd is their heavy reliance on a limited number of mining sites. This increases their vulnerability to any potential disruptions or issues in those specific locations.
- The company currently lacks diversification in terms of product offerings, as they are primarily focused on copper and nickel. This leaves them exposed to fluctuations in commodity prices.
Opportunities
- There are several opportunities for Australian Mines Ltd to capitalize on. The growing demand for renewable energy technologies, such as electric vehicles, presents a chance for the company to expand their production of battery metals, which are essential components in these technologies.
- Exploring potential partnerships or joint ventures with other mining companies can also lead to new opportunities for growth and market expansion.
Threats
- One of the main threats facing Australian Mines Ltd is the volatility in commodity prices, which can significantly impact their revenue and profitability.
- The mining industry is subject to various environmental regulations and social responsibilities. Failure to comply with these regulations or meet community expectations can lead to negative public perception and potential legal and operational challenges for the company.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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