Australian Mines Secures Mining Lease and Battery Manufacturer Deal for Sconi Project

Must Read

Australian Mines’ subsidiary, Sconi Mining Operations, has successfully obtained Mining Lease 10368 granted by the Queensland Department of Resources, which will remain valid for 25 years for the Sconi Battery Minerals Project located in the Greenvale mining area of Queensland, Australia. 

Set to establish itself as a significant contender in the battery minerals sector; the project focuses on extracting cobalt and nickel reserves through open-cut mining. The project explicitly targets the former Greenvale Nickel Mine site deposits and two neighboring satellite deposits, Lucknow and Kokomo. Australian Mines will concentrate its operations on these three project areas, situated near the township of Greenvale in Queensland.

“Australian Mines is pleased to secure this mining lease, which, combined with the Lucknow and Kokomo mining leases, contains the resources for the critical battery minerals at the Sconi Nickel-Cobalt-Scandium Project in North Queensland,” Australian Mines stated.

The Sconi project, estimated to have a lifespan of 30 years, aims to produce battery-grade nickels sulphate and cobalt sulphate, with the added potential of generating scandium oxide as a by-product.

In a major achievement, Australian Mines secured a deal with LG Energy Solutions, a leading battery manufacturer, to provide mixed nickel-cobalt hydroxide from the Sconi Project. Over the first six years, the project will supply 71,000 dry metric tonnes of nickel and 7,000 dry metric tonnes of cobalt as a mixed nickel-cobalt hydroxide precipitate.

Currently under discussion is a potential collaboration between the company for developing the Sconi project, which is slated to be commissioned in 2028.

“Australian Mines continues to advance other activities for the project, including the environmental monitoring and studies and exploration works consistent with the timelines previously announced,” the company added.

By securing the mining lease and forging key alliances, Australian Mines demonstrates its dedication to becoming a prominent provider of crucial battery minerals, actively contributing to the sustainable advancement of the flourishing battery sector.

- Advertisement -spot_img
Latest News
- Advertisement -spot_img

More Articles Like This

- Advertisement -spot_img