Asset Overview
Flemington Highlights
- Located 370 km west of Sydney, NSW, Australia
- Politically stable, mining-friendly jurisdiction
- Large-scale nickel cobalt deposit, represents an important undeveloped source of cobalt & nickel
- Project under option by Australian Mines Ltd.
- Maiden Cobalt mineral resource of 2.7 Mil at 0.101% of (1.010 ppm) cobalt with only 1% of the Flemington project area tested
Royalty Highlights
- Life-of-Mine 1.5% Gross Revenue Royalty (“GRR”)
- Additionally, acquired 1.7% GRR on the fully permitted and construction-ready Nyngan Scandium project
- Flemington & Nyngan royalties acquired for US$4.5 Mil, comprised of US$1.5 Mil in cash & US$3.0 Mil in common shares
Direct Continuation of Sunrise Orebody
Flemington Orebody
- 2017 Scoping Study by SRK Consultants
- Concluded Flemington deposit & Clean TeQ’s neighboring Sunrise mineralization constitute the same orebody (a single deposit)
- Flemington deposit a direct continuation of the Sunrise orebody, with the deposit separated only by a tenement boundary
- Finding reinforced by Australian Mines’ extensive 239-hole resource extension resource drilling program completed in 2017
Fast-Tracking Development
Development Timeline
- Updated mineral resource expected in 2019, pre-feasibility study scheduled to commence thereafter
- Preliminary Environmental Impact Study completed
- Final Environmental Impact Study & Mining Lease Application underway
- Flemington water allocation secured for future mining operations
Location Map
