Sep 15, 2018

Drilling reveals extension potential at Sconi

Drilling reveals extension potential at Sconi

Australian Mines reports positive results from extension drilling across the Greenvale deposit at its Sconi cobalt-nickel-scandium project in North Queensland.

Early assay results demonstrated the potential for the mineral resource at that deposit to be extended in multiple mineralised zones. (More here)

Sconi is proposed to produce battery-grade cobalt and nickel products for the burgeoning electric vehicle market, with a forecast life of mine of 20 years.

The company has been progressing the program of up to 50,000 metres of drilling during the September quarter, with the initial focus of this drilling targeting the historic Greenvale mine area.

It said the program was completed on schedule and the drill rigs have now moved to the adjacent Lucknow Deposit. The plan is to also drill the Kokomo deposit in the northern area of the company’s Sconi tenements.

Australian Mines managing director Benjamin Bell.

Local participation targets

Australian Mines managing director Benjamin Bell told a the Townsville Industry Breakfast this month that a construction workforce of 500 people would be required between 2019 and 2021 to establish the Sconi operation.

Once in production, it is expected to employ more than 300 people on a full-time basis.

Mr Bell told the breakfast meeting that about 90 per cent of the ongoing annual operational expenditure would be with local
businesses and about 80 per cent of the construction spend would be on local content utilising local suppliers.

Australian Mines proposes to operate a residential, drive-in drive-out roster based out of Greenvale, with remaining workforce from Townsville. (More here)

Mr Bell said the company had committed to develop an Australian Industry Participation (AIP) plan for the
Sconi project.






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