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An update from Australian Mines ( (AU:AUZ) ) is now available.
Australian Mines Limited has announced significant progress in its projects for the quarter ending September 2025. The company has initiated a diamond drilling program at the Boa Vista Gold Project in Brazil, following the discovery of a new high-grade zone, the Biota Zone. Additionally, the Flemington Scandium Project in New South Wales is set to commence drilling in mid-November 2025. The company has also raised $6.5 million through placements to fund these exploration activities and strengthen its working capital. Furthermore, an independent evaluation of their Metal Hydride Program has confirmed its potential for long-duration energy storage, supporting the company’s strategic focus on innovative energy solutions.
More about Australian Mines
Australian Mines Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in projects related to gold and scandium, with a significant presence in Brazil’s Tapajós Gold Province and New South Wales, Australia.
YTD Price Performance: 70.0%
Average Trading Volume: 29,605,984
Technical Sentiment Signal: Buy
Current Market Cap: A$34.18M
Find detailed analytics on AUZ stock on TipRanks’ Stock Analysis page.