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We’re emerging as a globally significant supplier to the EV industry

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Battery
Leaf in Hands

Australian Mines Sconi Project in Queensland is expected to deliver the world's most sustainable, Carbon Neutral certified nickel and cobalt. Australian Mines is positioned to become a globally important supplier of advanced battery materials through the development of our 100% owned, Tier 1 Sconi asset.

OVERVIEW

Our Projects

The Mineral Resource Estimate and corresponding ore Reserve Estimate for Sconi indicates the project has a lifespan in excess of 30 years.* Sconi is developing the site into a low cost operation by mining and processing of ore into advanced battery precursor chemicals on one single site.

Australian Mines has two other promising, early stage, green metals, exploration and development projects, including the Flemington Project (cobalt-scandium-nickel-copper-gold) in NSW and the Lennard Project (nickel sulphide) in WA.

$1 Billion

Commercial battery metals production plant planned on-site

2 Million

Tonnes of ore expected production per year

Cost Effective

Sconi's onsite processing will make it amongst the most cost effective in the world

Single Site

Mining & Processing

sconi project map

SCONI

Sconi Project | Tier 1

Cobalt Nickel Scandium

Sconi’s large scale end to end production will supply battery plants across the world to drive the Electric Vehicle revolution.

Australian Mines continues to deliver against its multi-year plan to develop and enhance Sconi in preparation for full production.

Our world class Sconi Project at Greenvale (220 km northwest of Townsville) Queensland, is expected to deliver the world's most sustainable, Carbon Neutral certified nickel and cobalt. The A$1.5 billion project, including a 2 million tonne per annum ore processing plant, is estimated to support 800 jobs and increase Gross Regional Product by A$2.2 billion over the life of the mine.

When Sconi comes online in 2024, it will meet surging demand from the world's largest producer of advanced batteries for the electric vehicle industry, LG Energy Solution.

SCONI WEBSITE

Townsville

Approved Nickel and
Cobalt export port

australia map +

SCONI

Queensland

PROJECT SNAPSHOT

30 Year Project Life

Increased from 18 years
in November 2018 BFS

Internal rate of return

Pre Tax IRR: 20%

Post Tax IRR: 15%

Net present value @ 8% discount rate

Pre-tax NPV: $1.47 Billion
Post-tax NPV: $817 Million

Payback Period

5.8 years (post tax)

Strong Forecasted Financials

Sales revenue (LOM): $13.27 Billion

Net cashflow (LOM; Post-tax): $4.98 Billion

Life-of-mine avg production

Nickel Sulphate: 46,800 tonnes p/a

Cobalt Sulphate: 7,000 tonnes p/a

Operating costs

US$1.46 per pound

Nickel (post by-product credits)

Capital cost Estimate

US$974 Million
inc. US$110M Contingencies

For more information, please visit our dedicated Sconi Project website.

SCONI WEBSITE
Lithium-ion Battery

Sconi has secured a 100% off take agreement in Australia for Cobalt & Nickel with LG Energy Solutions

We are an emerging supply partner for innovators in Energy Storage technology

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