Nov 04, 2018

Sconi proponent signs research agreement

Sconi proponent signs research agreement

The company developing the Sconi scandium-cobalt-nickel project near Greenvale in North Queensland has entered into a research and development agreement with one of India’s largest centres of higher learning.

Australian Mines will collaborate with leading academic researchers at the Amrita Centre for Research and Development on work being conducted around further uses of scandium.

“Our partnership with the Amrita centre has the potential to make a significant contribution to the scandium-magnesium alloys being considered as a high-performance alternative for the next generation of nickel metal hydride batteries,” Australian Mines managing director Benjamin Bell said.

“We also recognise the emerging economics around hydrogen as an alternative energy source to fossil fuels and believe metal hydride batteries could provide a storage solution for hydrogen, as they can be handled without extensive safety precautions, which is especially relevant when considering applications like hybrid and electric-powered trucks and heavy-haulage vehicles.

“Under the research agreement, Australian Mines will retain all intellectual property rights generated through the collaboration, regardless of where and by whom the relevant IP is created.

“Australian Mines remains committed to delivering additional revenue from the Sconi project in Queensland through marketing the high-purity scandium oxide, which can be produced at minimal additional cost to the proposed cobalt sulphate and nickel sulphate operation.”

NAIF funding prospects for Sconi project

 

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