EXPLORATION & DEVELOPMENT

Cash should flow from Australian Mines' long-life Sconi

WITH ore reserves increased and a fund raising currently in train Australian Mines has claimed its Sconi nickel-cobalt sulphate project will generate A$5 billion in free cashflow over a 30-year life.

Laterite from here in Queensland is expected to yield substantial nickel and cobalt sulphate tonnages

Laterite from here in Queensland is expected to yield substantial nickel and cobalt sulphate tonnages

That equates to an average of about $166 million per annum, with Australian Mines currently being capitalised at about half that quantum. A 69% increase in ore reserves has seen 12-year mine life increase,...

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