Sconi on track for December deadlines

Australian Mines is completing pre-development work at the Sconi cobalt-nickel-scandium project in North Queensland, inching it closer to becoming a key supplier to the electric vehicle (EV) market.

Australian Mining is reporting the company is completing its feasibility study and a further independent study of mineralisation targets within Sconi’s existing tenements and has pegged additional ground adjacent to the Sconi project to take advantage of the opportunity represented by these new nickel, cobalt and scandium targets.

The Queensland Government has offered Australian Mines a conditional financial support package for Sconi, subject to the company executing an offtake agreement by September 2020. Australian Mines would also need to deliver and obtain approval for a project execution plan, make a final investment decision and contract an engineering, procurement and construction company for the project by December 31.

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