PROJECT FINANCE

Australian Mines raises to advance Sconi work

AUSTRALIAN Mines has not allowed its recent corporate issues to derail its development of the Sconi nickel-cobalt project in Queensland, with plan to raise more than A$7 million.

More drilling is planned at Sconi

More drilling is planned at Sconi

It has locked in commitments from new domestic and offshore institutional investors for $3.7 million, and it is seeking a further $3.7 million via a one-for-13.4 non-renounceable entitlement offer.  ...

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