Australian Mines Limited (ASX: AUQ; OTC: AMSLF) is an Australian-based mineral exploration and development company focused on critical minerals for the energy transition. The company advances its flagship Flemington scandium-nickel-cobalt project in Western Australia, which hosts Australia's largest identified scandium resource, alongside interests in the Sophia gold-copper project in Queensland and other exploration assets targeting battery metals. Its core offerings encompass scandium oxide production for lightweight alloys in aerospace and automotive applications; nickel and cobalt concentrates for electric vehicle batteries; and gold-copper exploration with potential for open-pit mining operations.
Founded in 2009 and headquartered in West Perth, Australia, the company operates primarily in Australia with a geographic focus on Western Australia and Queensland, serving global markets in clean energy, defense, and manufacturing sectors. Australian Mines emphasizes sustainable development of high-grade mineral deposits to supply strategic materials amid rising demand for scandium, a key enabler of advanced aluminum alloys used in next-generation aircraft and 3D printing.
In recent developments, the company completed a A$20 million placement in late 2024 to fund Flemington project advancement, including definitive feasibility studies and pilot plant operations for scandium extraction. It entered a strategic offtake partnership with a major European aerospace supplier in early 2025 for initial scandium production, marking a key milestone toward commercial output by 2027. Additionally, Australian Mines expanded its portfolio through the 2025 acquisition of additional tenements adjacent to Sophia, enhancing copper-gold resource potential amid favorable commodity prices.