InvestSMART

Australian Mines Limited (ASX:AUZ)

ALERT: Price-sensitive ASX Announcement for AUZ
Current share price for AUZ : $0.024 0.004 (20%)+
Announcement
Release
28 Jan 2026 8:20AM
Price at Release
$0.020
Full Release
download
Summary
Australian Mines Limited released its Quarterly Activities Report and Appendix 5B Cash Flow Report for the period ending 31 December 2025. The company reported a series of exploration and development activities across its projects, including the Boa Vista Gold Project in Brazil and the Flemington Scandium–Nickel–Cobalt Project in New South Wales. The report highlighted a $4 million capital raising to fund expanded drilling programs and working capital. The Appendix 5B financial report detailed cash flows from operating, investing, and financing activities, showing a net decrease in cash from operations but a substantial increase in cash due to financing activities. The company ended the quarter with a cash balance of approximately $4.8 million. Payments to related parties for director fees and other expenses were disclosed. Australian Mines is advancing its projects with a strategic focus on scandium production and potential partnerships for its Sconi Project in Queensland.
Key Points
  • Quarterly Activities Report and Appendix 5B Cash Flow Report released for the period ending 31 December 2025.
  • Exploration and development activities ongoing at Boa Vista Gold Project and Flemington Scandium–Nickel–Cobalt Project.
  • $4 million raised for drilling programs and working capital.
  • Significant cash flow from financing activities, ending the quarter with $4.8 million cash.
  • Payments to related parties include director fees and business expense reimbursements.
  • Focus on advancing scandium production and potential partnerships for Sconi Project.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.