Australian Mines

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.

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

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

• Critical metals exploration
• Scandium production
• Nickel cobalt mining
• Battery materials supply
• Gold exploration

Headquarters

HQ city

Brisbane

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Others

Revenue model

1. 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.
2. 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.
3. 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

Core 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

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core.

• Amrita Centre for Research and DevelopmentcoreTechnology or IntegrationCollaboration 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 ConsortiumcoreTechnology or IntegrationHyMARC (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 ConsultingcoreImplementation/ SI/ Consulting PartnerSRK 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

Broad 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

• YouTubeyoutube.com/channel/UCj9-GaKcLfUXgykjIvcBheQ
• LinkedInlinkedin.com/company/australian-mines

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Australian Mines