Australia Mines’ Sconi Now A 30-Year Operation

ASX-listed Australian Mines has updated the economics and mine plan for its Sconi cobalt/nickel/scandium project, in Queensland.

The company on Thursday said that Sconi’s projected mine life has increased from the 18 years considered in the bankable feasibility study (BFS), to 30 years, on the back of a 69% increase in the ore reserve, which now stood at 57.3-million tonnes.

In light of the updated ore reserve, Australian Mines also developed new pit designs for both the Greenvale and Lucknow ore, while maintaining its design for the Kokomo pit.

Sconi is now expected to produce more than 1.4-million tonnes of nickel sulphate, 209 000 t of cobalt sulphate and 1 441 t of scandium over its mine life, producing an average of 46 800 t/y of nickel sulphate and 7 000 t/y of cobalt sulphate based on a two-million-tonne-a-year operation.