Australian Mines
Australian Mines Limited is an ASX-listed pre-revenue exploration and development company building a diversified portfolio across gold, critical battery and technology metals (scandium, nickel, cobalt, tin, lithium, rare earths) in Australia and Brazil, plus a proprietary MH-May24 scandium alloy for solid-state hydrogen storage validated by the U.S. DOE.
- Company typePublic
- Founded1996
- HeadquartersBrisbane, Australia
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Australian Mines does
Australian Mines Limited is an ASX-listed (ASX:AUZ; OTCPK:AMSLF; FSX:MJH) exploration and development company building a diversified portfolio across gold, critical battery and technology metals (scandium, nickel, cobalt, tin, lithium, rare earth elements), and downstream energy-storage technology. The company was founded in 1996 and is headquartered in Brisbane, Australia, with a technical office in Perth and operating interests across Queensland, New South Wales, and Brazil. Its primary resource assets include the Sconi nickel-cobalt project in Queensland (75.71 Mt @ 0.60% Ni, 0.08% Co; projected 30+ year mine life targeting 46,800 tpa nickel sulphate and 7,000 tpa cobalt sulphate), the Flemington scandium deposit in NSW (6.3 Mt @ 446 ppm Sc, 98% Measured/Indicated), the Boa Vista gold project in Brazil's Tapajós Gold District (~336,000 oz Au historical inferred resource), and early-stage critical metals/REE exploration at Resende and Jequie in Brazil. The company employs between 51 and 100 people and is led by CEO Andrew Nesbitt (appointed October 2023) and Chairman Michael Ramsden (since 2011).
The company's distinctive technology asset is the proprietary MH-May24 scandium-magnesium ternary alloy for solid-state hydrogen storage, developed in collaboration with India's Amrita Centre for Research and Development and independently validated by the U.S. Department of Energy's HyMARC consortium (including NREL, Sandia, Lawrence Livermore, Lawrence Berkeley, and PNNL). The alloy absorbs 5.2 wt% hydrogen at 200°C, 4.2 wt% in under four minutes, and can operate at room temperature — characteristics that position the company for a potential mine-to-energy-storage value chain by leveraging its owned scandium feedstock. Patent applications are pending.
Australian Mines is pre-revenue with no products currently available for commercial sale. Its future revenue model is multi-stream: (1) one-time sale/licensing of critical metals production (battery-grade nickel sulphate and cobalt sulphate from Sconi, scandium oxide from Flemington, gold from Boa Vista) via offtake agreements with EV/battery manufacturers, aerospace/defense customers, and gold buyers; and (2) licensing/royalty income from the MH-May24 hydrogen storage alloy to energy storage technology companies. Customer segments explicitly targeted are Electric Vehicle and Energy Storage Industries, Aerospace/Defence/Transportation, and Hydrogen/Energy Storage Technology. GTM is sales-led via ASX disclosures, corporate presentations, direct investor relations, and strategic partnership/outreach to offtake counterparties.
Australian Mines firmographics
Firmographics- Name
- Australian Mines
- Legal name
- Australian Mines Limited
- Website
- https://australianmines.com.au
- Company type
- Public
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Australian Mines Limited is an ASX-listed pre-revenue exploration and development company building a diversified portfolio across gold, critical battery and technology metals (scandium, nickel, cobalt, tin, lithium, rare earths) in Australia and Brazil, plus a proprietary MH-May24 scandium alloy for solid-state hydrogen storage validated by the U.S. DOE.
- Ownership category
- akta.pro rank
Australian Mines industry classification
Industry- Product category
- Critical Metals Mining and Exploration
- NAICS
- Copper, Nickel, Lead, and Zinc Mining (212230), Other Metal Ore Mining (212290), Metal Ore Mining (2122), Gold Ore and Silver Ore Mining (21222)
- SIC
- Metal Mining (1000), Gold And Silver Ores (1040), Miscellaneous Metal Ores (1090)
- akta.pro primary industry
- Exploration & Resource Development (Critical Minerals) (IMAKAFAL)
- akta.pro secondary industries
- Gold Mining (IMAKAEAA), Nickel Mining & Concentrates (IMAKAFAB), Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA), Battery & Critical Minerals Trading (Lithium, Cobalt, Graphite, Manganese, Rare Earths) (IMAKAJAE)
Keywords
Where Australian Mines is headquartered
LocationHeadquarters
- HQ city
- Brisbane
- HQ country
- Australia
- HQ region
- Oceania
Offices3 records
Markets served
Australian Mines business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Others
Revenue model
- Critical Metals Production (Future): Pre-revenue exploration and development company. Revenue anticipated from future production of nickel sulphate, cobalt sulphate, and scandium oxide from Sconi and Flemington projects. Sconi Project projected to produce 46,800 tpa nickel sulphate and 7,000 tpa cobalt sulphate with over 30-year mine life. Flemington scandium project targeting 50 tonnes of scandium oxide per annum with potential to extend to 45 years.
- Energy Storage Technology Licensing (Future): Proprietary scandium-based Metal Hydrides technology for solid-state hydrogen storage. Potential licensing of alloy technology and downstream applications to hydrogen storage and energy storage companies. Integration of scandium feedstock from Sconi and Flemington projects creates potential mine-to-energy-storage value chain.
- Gold Production (Future): Boa Vista Gold Project in Brazil's Tapajós Gold District with historical inferred resource of 336,000 oz Au. Drilling returned broad near-surface mineralised intercepts up to 85 metres. Subject to further studies, may define scalable bulk-tonnage gold operation with >95% metallurgical recoveries.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
Australian Mines product offering
Product offeringCore offering
Australian Mines Limited is an ASX-listed exploration and development company building a diversified portfolio of mining projects across Australia and Brazil. The company targets gold, scandium, nickel, cobalt, tin, lithium, and rare earth elements, while also developing a proprietary scandium-magnesium ternary alloy (MH-May24) for solid-state hydrogen storage. Projects include the Boa Vista Gold Project, Flemington scandium deposit, Sconi nickel-cobalt project, Resende critical metals project, and Jequie rare earths project.
Product overview
Australian Mines is an ASX-listed exploration and development company operating a diversified portfolio of mining projects and energy storage technology. The company combines near-term gold exploration (Boa Vista Gold Project) with longer-term critical metals exposure through the Flemington scandium deposit, Sconi nickel-cobalt project, Resende critical metals project, and Jequie rare earths project, alongside a proprietary Metal Hydrides energy storage technology using scandium-based alloys for solid-state hydrogen storage. The portfolio spans Australia and Brazil, targeting gold, scandium, nickel, cobalt, tin, lithium, rare earth elements, and downstream energy storage applications for the Electric Vehicle and Energy Storage industries.
Differentiator
Problem solved
Functional benefit
Products and services
- Boa Vista Gold Project Gold exploration project located in Brazil's Tapajós Gold Province offering near-term gold exploration upside with broad near-surface mineralised intercepts up to 85 metres and historical inferred resource of 336,000 oz Au; subject to further studies to define a scalable bulk-tonnage gold operation.
- Flemington Scandium Project Globally significant high-grade scandium deposit in central New South Wales with associated nickel and cobalt credits, hosting 6.3 Mt JORC Mineral Resource at 446 ppm scandium with 98% in Measured and Indicated categories; targeting primary scandium production of 50 tonnes scandium oxide per annum with potential mine life extending to 45 years.
- Sconi Nickel-Cobalt Project 100%-owned nickel and cobalt development project in Queensland designed as a fully integrated single-site operation producing battery-grade nickel sulphate (46,800 tpa) and cobalt sulphate (7,000 tpa), supported by a 75.71 Mt Mineral Resource and projected 30+ year mine life.
- Resende Critical Metals Project Exploration project in Minas Gerais, Brazil covering 133 sq km targeting tin, tantalum, lithium, and rare earth elements, with three drill-ready target zones defined for Sn/Ta/Li and Zone A interpreted along strike from AMG Lithium's producing Mibra Mine.
- Jequie Rare Earths Project Early-stage rare earth exploration project in Bahia, Brazil covering 82,568 hectares adjacent to Brazilian Rare Earths' 510 Mt Rocha de Rocha REE deposit, featuring ionic clay adsorption deposit type for lower-cost processing and auger drilling returning 15m at 1,720 ppm TREO.
- Metal Hydrides Energy Storage Technology (MH-May24) Proprietary scandium-magnesium ternary alloy (MH-May24) for solid-state hydrogen storage, absorbing 5.2 wt% hydrogen at 200°C and operating at room temperature; independently validated by the U.S. Department of Energy's HyMARC consortium (NREL, Lawrence Livermore, Sandia, Lawrence Berkeley, PNNL) and developed with Amrita Centre for Research and Development. Designed for AI data centres, critical infrastructure backup, stationary energy storage, and long-duration energy applications.
Quantifiable outcome
- Sconi Project: 30+ year mine life, projected US$5 billion free cashflow, 800 jobs creation, A$2.2 billion regional GRP increase
- +3 more outcomes
Companies that use Australian Mines
Customer profileSegments3 records
Ideal customer profiles3 records
Australian Mines technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Australian Mines partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Amrita Centre for Research and DevelopmentcoreCollaboration partner in development of proprietary scandium-magnesium ternary alloy (MH-May24) for solid-state hydrogen storage. Australian Mines worked with Amrita Centre to develop the Metal Hydrides technology that has been independently validated by U.S. Department of Energy's HyMARC consortium.
- U.S. Department of Energy - HyMARC ConsortiumcoreHyMARC (Hydrogen Materials Advanced Research Consortium) is a U.S. DOE initiative comprising National Renewable Energy Laboratory (NREL), Lawrence Livermore National Laboratory, Sandia National Laboratories, Lawrence Berkeley National Laboratory, and Pacific Northwest National Laboratory. HyMARC independently validated the MH-May24 alloy performance parameters and confirmed previously announced hydrogen absorption, cycling characteristics, and energy density properties.
- SRK ConsultingcoreSRK Consulting is updating the 2017 Flemington scoping study using the doubled resource of 6.3 Mt @ 446 ppm Sc. The original study indicated NPV positive with IRR exceeding 35% using scandium oxide price of USD$1,500,000 per tonne, 18-year mine life at 100,000 tpa processing, and 50 tonnes scandium oxide per annum production.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
Australian Mines competitors and assessment
Company assessmentBroad incumbents
- Pilbara Minerals: ASX-listed lithium producer with Australian hard-rock assets. Comparable as a publicly listed Australian critical-minerals operator pursuing battery-supply-chain offtake agreements.
- IGO Limited: ASX-listed critical-minerals producer with operating nickel (Nova), lithium (Greenbushes JV), and cobalt exposure. Comparable as an established Australian critical-minerals peer spanning Ni/Co/Li.
- BHP Group: Global mining major with significant nickel (WA Nickel Operations), cobalt, and critical-minerals exposure. Comparable as a broad incumbent covering AUZ's target commodities with established offtake relationships.
Direct peers
- Jervois Global: Cobalt and nickel producer-developer with projects in Australia, the U.S., and Brazil. Closely comparable to AUZ in commodity mix (Ni/Co) and exposure to Western battery supply chains.
- Scandium International Mining: Pure-play primary scandium developer (Nyngan, NSW) with similar strategy of establishing primary scandium production. Most directly comparable to AUZ's Flemington asset.
- Nickel Mines Limited: ASX-listed nickel operator with Indonesian laterite assets producing nickel pig iron. Comparable in nickel-focused development and battery-grade nickel production strategy.
- Cobalt Blue Holdings: ASX-listed developer of nickel-cobalt and cobalt projects with downstream processing strategy. Directly comparable to AUZ's Sconi and critical-metals development approach in Australian jurisdiction.
- Sunrise Energy Metals: ASX-listed developer of integrated nickel-cobalt sulphate project in NSW targeting battery-grade chemicals. Direct analog to AUZ's Sconi in product, jurisdiction, and downstream integration strategy.
Emerging players
- NioCorp Developments: North American developer of niobium, scandium, titanium, and rare-earth projects — including a primary scandium resource. Comparable to AUZ in multi-commodity critical-minerals development with scandium exposure.
- GKN Hydrogen: Developer of solid-state metal-hydride hydrogen storage systems using similar alloy chemistries. Comparable to AUZ's MH-May24 program as a competing solid-state H2 storage technology pathway.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Australian Mines social profiles
Digital presenceAustralian Mines financial estimates
Financial estimateRevenue estimate
Valuation estimate
Australian Mines leadership team
Management profileNumber of profiles
Profiles5 records
Australian Mines funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Australian Mines M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Australian Mines
What does Australian Mines do?
Australian Mines Limited is an ASX-listed exploration and development company building a diversified portfolio of mining projects across Australia and Brazil. The company targets gold, scandium, nickel, cobalt, tin, lithium, and rare earth elements, while also developing a proprietary scandium-magnesium ternary alloy (MH-May24) for solid-state hydrogen storage. Projects include the Boa Vista Gold Project, Flemington scandium deposit, Sconi nickel-cobalt project, Resende critical metals project, and Jequie rare earths project.
Is Australian Mines a public or private company?
Australian Mines is a public company. It is classified as public and is currently operating.
When was Australian Mines founded?
Australian Mines was founded in 1996. It employs 51 to 100 people.
Where is Australian Mines based?
Australian Mines is headquartered in Brisbane, Australia, in the Oceania region.
How does Australian Mines make money?
Three revenue lines are on record. Critical Metals Production (Future) is the primary driver. The others are energy Storage Technology Licensing (Future) and gold Production (Future).
Who are Australian Mines's main competitors?
Broad incumbents on record are Pilbara Minerals, IGO Limited and BHP Group. Direct peers are Jervois Global, Scandium International Mining, Nickel Mines Limited, Cobalt Blue Holdings and Sunrise Energy Metals. Emerging players are NioCorp Developments and GKN Hydrogen.
Does Australian Mines have an API?
No public API is recorded for Australian Mines.
What industry is Australian Mines in?
Australian Mines's product category is Critical Metals Mining and Exploration. Its primary akta.pro industry code is IMAKAFAL, Exploration & Resource Development (Critical Minerals), with a secondary code of IMAKAEAA, Gold Mining. Its NAICS code is 212230 and its SIC code is 1000.