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AUSTRALIAN MINES LIMITED (AUZ)

Listed on ASX

SHARE PRICES

(updated at weekends)

Former (or subsequent) names

Shareholder links

Our website ranking of AUZ: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Advanced Share Registry Services, 110 Stirling Hwy, Nedlands WA 6009

Tel : +61 8 9389 8033
Fax : +61 8 9262 3723
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000AUZ8
Address: Level 34 1 Eagle Street Brisbane, Queensland, 4000
Tel:  + 61 7 3184 9184 Fax: + 61 7 3341 4581

Date first listed: 28/09/2001
Company Secretary: Oliver Carton
Sector: Materials Industry Group: XMJ
Activities: Base metals mining and exploration company

The suspension of trading in the securities of Australian Mines Limited will be lifted from the commencement of trading on Wednesday, 27 February 2019, following the release by AUZ of an announcement regarding a capital raising.

27/02/2019

The securities of Australian Mines Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of AUZ, pending the release of an announcement regarding a capital raising.

26/02/2019

The suspension of trading in the securities of Australian Mines Limited will be lifted immediately following the release by AUZ of an announcement regarding a bankable feasibility study.

20/11/2018

The company releases a presentation - Sconi BFS.

20/11/2018

Sconi Cobalt-Nickel-Scandium Project in North Queensland achieves significant milestone with release of positive Bankable Feasibility Study. Economic modelling in BFS demonstrates construction of three open pits and a 2 million tonne per annum processing plant at Sconi would deliver long-term benefits to both Australian Mines shareholders and the regional Queensland economy. BFS proposes 90% of the ongoing annual operational expenditure at the Sconi Project, located 250 kilometres north-east of Townsville, to be with local businesses from the surrounding region of North Queensland. The nearby communities of Greenvale and Charters Towers to benefit from planned 80% of operational workforce being managed on a drive-in, drive-out residential roster, with limited fly-in, fly-out support from the regional centre of Townsville. $922 million of the project's total capex anticipated to be spent with Australian businesses, with a preference for Queensland companies.

20/11/2018

The company issues a response to ASX Query Letter.

15/11/2018

The securities of Australian Mines Limited will be suspended from quotation immediately under Listing Rule 17.3, pending a satisfactory response to ASX queries. The securities will remain suspended until receipt of a satisfactory response to ASX queries.

14/11/2018

The suspension of trading in the securities of Australian Mines Limited will be lifted from the commencement of trading on Thursday, 28 June 2018, following the release by the Company of a retraction announcement and receipt by ASX of a response to an ASX query letter.

27/06/2018

The company issues a response to the ASX query letter.

27/06/2018

To othe extent the presentation made by the Company at a mining conference in London on 17 May 2018 contained forecast financial information, those comments were contrary to the requirements of the ASX Listing Rules and the Australasian Joint Ore Reserves Committee (JORC) Code. Australian Mines retracts the Forecast Financial Information. Investors should not rely on the Forecast Financial Information information as a basis for an investment decision concerning the Company.

27/06/2018

The company has commenced a 50,000-metre Reverse Circulation drill program at the Sconi Cobalt-Nickel-Scandium Project in northern Queensland. It is targeting additional tonnage and high-grade cobalt & nickel zones along strike of the existing Mineral Resource. Regional-scale prospective geology within Australian Mines' tenements remains available for potential conversion into additional resources.

27/06/2018

A review of the sterilisation drilling completed across the proposed processing infrastructure sites at Sconi, as part of the Company's Bankable Feasibility Study, has indicated that high grade cobalt and nickel mineralisation extends across the sites proposed for the processing plant and haul roads.

22/06/2018

The securities of Australian Mines Limited will be suspended from quotation immediately, in accordance with Listing Rule 17.3, pending a response to an ASX query. The securities will remain suspended pending a satisfactory response to ASX's query.

19/06/2018

The suspension of trading in the securities of Australian Mines Limited will be lifted from the commencement of trading on Wednesday, 7 March 2018, following the release by the Company of an announcement regarding its Thackaringa Project.

07/03/2018

The modeling of the helicopter-borne electromagnetic (AEM) data acquired over the Company's Thackaringa project in late 2017 has identified a total of 18 anomalies, of which more than half were categorized by a leading consulting geophysical company that specialises in base metal exploration3 , as high priority targets that warrant ground investigation to better define these targets for drill testing.

07/03/2018

The Company confirms that it has signed a binding Term Sheet with Korean-headquartered SK Innovation, committing the parties to the sale and purchase of all cobalt and nickel product produced from the Sconi Cobalt-Nickel-Scandium Project in Queensland.

06/03/2018

The company releases the revised RIU Explorers Conference presentation.

06/03/2018

The company wishes to retract certain information in its RIU Explorer's Conference Presentation of 21 February 2018. The RIU Presentation contained extrapolated forecast financial information. Inclusion of this information is not consistent with the JORC Code and the Company retracts that information. Investors should not rely on the retracted information as a basis for an investment decision about Australian Mines' shares. The Company expects the voluntary suspension to end on the earlier of commencement of trading on 6 March 2018 or when the Announcement is released.

28/02/2018

The securities of Australian Mines Limited will be suspended from official quotation immediately, at the request of the Company pursuant to listing rule 17.2, pending the release of an announcement.

26/02/2018

The suspension of trading in the securities of Australian Mines Limited will be lifted from the commencement of trading tomorrow, Tuesday, 20 February 2018, following the release by the Company of an announcement regarding an off-take agreement related to its Sconi Project.

19/02/2018

The company signed an off-take agreement term sheet with SK Innovation for 100% of the expected cobalt sulphate and nickel sulphate production from the Sconi Project for an initial period of 7 years, with an option exercisable by SK Innovation to extend this commodity supply agreement for a further 6 years.

19/02/2018

The Company requests that the voluntary suspension remain in place until the earlier of release of the announcement relating to the off-take agreement between Australian Mines and SK Innovation or the commencement of trading on 20 February 2018.

16/02/2018

The securities of Australian Mines Limited will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement.

14/02/2018

The code AUZNB of Australian Mines Limited (the "Company") will be reinstated to official quotation from the commencement of trade on Friday, 1 July 2016 following the Company's entitlement offer dated 13 April 2016 closing on 30 June 2016.

30/06/2016

Australian Mines Limited advises it has received the assay results from the latest round of reverse circulation (RC) drilling at its Dixon gold prospect "“ part of its joint venture with Riedel Resources Limited.

28/06/2016

The company is pleased to announce that the Government of Western Australia has agreed to co-fund a proposed diamond core drilling program at Dixon up to an amount of $105,000.

10/06/2016

Australian Mines Limited ("Australian Mines" or "the Company") advises that the Company has extended the closing date of the Entitlement Offer in order to allow shareholders time to review the results from the current reverse circulation (RC) drill program at its Dixon gold prospect. The closing date of the Entitlement Offer is now Thursday 30 June 2016. Other dates related to the Offer are similarly extended.

30/05/2016

Australian Mines expands its gold and copper exploration through Central Australian joint venture. It has signed an agreement with Jervois Mining to acquire a majority interest in its promising Arunta West Project in the Lake Mackay district of Western Australia.

23/05/2016

The company is pleased to announce that it has engaged drill contractor Ausdrill Northwest to immediately commence drilling up to 10 reverse circulation (RC) drill holes for 2,000 metres at the Company's promising Dixon gold prospect, located 180 kilometres northeast of Meekatharra in Western Australia.

20/05/2016

The company wishes to clarify the market release by the ASX dated today, 12 May 2016 to the effect that the code "AUZNB" of the Company "will be suspended from quotation immediately as a result of the extension to the closing date of the entitlement offer". The Suspension Notice is an administrative requirement of the ASX following Australian Mines' decision to extend the closing date of the Entitlement Offer of the Company dated 13 April 2016, and does not affect securities of the Company listed on the ASX under the security code "AUZ". As announced by the Company on 29 April 2016, the closing date of the Entitlement Offer has been extended from 4 May 2016 to 2 June 2016

12/05/2016

The code AUZNB of Australian Mines Limited (the "Company") will be suspended from official quotation immediately as a result of the extension to the closing date of the entitlement offer. The code AUZNB will remain suspended until after the close date of the entitlement offer currently 2 June 2016.

12/05/2016

we understand that on or about this date the company consolidated its shares 1 for 20

17/11/2010

the suspension of trading in the securities is lifted

13/08/2009

provides Fourth Quarter Activities and Cashflow Reports

28/07/2009

AUZ is in the process of making 2 interrelated offers (subject to a shareholders meeting to be held on or about 24 July 2009) to effect the settlement of outstanding creditor debt, and raise circa $1.8 million courtesy of an underwritten Rights Issue. The Company aims to secure re-instatement to Official Quotation and with cash in hand it intends to change the Company focus to exploit its Eastern Goldfields gold interests

10/07/2009

Company advises that its non-renounceable entitlement issue (Entitlement Issue) announced 24 June 2009 is now open

09/07/2009

issues the Entitlement Issue Prospectus

25/06/2009

sends the Notice of General Meeting and Proxy Form for Australian Mines Limited to be held on 24 July 2009 at 10.00am

24/06/2009

AUZ has received firm commitments for a placement of 2,416,500,000 fully paid ordinary shares ("Shares") to sophisticated investor clients of Patersons Securities Limited ("Patersons") at an issue price of 0.1 per Share to raise circa $2,416,500 ("Placement") - for every 20 Shares allotted under the Placement, applicants will receive 1 free listed option with an exercise price of 0.2 and an expiry date of 30 June 2013 ("Placement Option") - AUZ intends to undertake a non-renounceable entitlement issue ("Rights Issue") of 7 new Shares for every existing Share held by shareholders at the record date, at an issue price of 0.1 together with 1 free attaching new option for every 20 new Shares taken up ("Rights Option") to raise $3,197,645 (before expenses). The Placement Options will have the same terms as the Rights Options

18/06/2009

company announce that it has now lodged a prospectus for the Creditors' Placement with ASIC in accordance with its proposed recapitalisation strategy announced on 25 March 2009 - the next stage of the recapitalisation will be the lodgement of a second prospectus which will contain details of the Shareholders' Entitlements Issue which will be sent to Shareholders shortly - both allotments will be voted on at the Company's AGM to be held on 2 June 2009

20/05/2009

relesases Half Yearly Report and Accounts

18/05/2009

provides a Notice of Annual General Meeting and Proxy Form

01/05/2009

announces that it has negotiated with Patersons Securities Limited the terms of an underwritten capital raising that will allow the Company to be relisted on the ASX

25/03/2009

the company has moved to rationalise its exploration portfolio by terminating its option agreement to acquire the Bounty nickel rights from Azure Minerals Limited (ASX: AZS) - while the Company had identified the Bounty nickel rights as a highly prospective package of tenements, it was felt that the Company had to conserve cash and therefore has withdrawn before completing the agreement

10/02/2009

releases Quarterly Activities Report and Quarterly report for entities admitted on the basis of commitments

31/10/2008

company says a number of options are being pursued to raise funds - it has put in place a closure plan for the Blair mine

31/10/2008

how about an update?

28/10/2008

securities suspended from quotation pending an announcement about an asset sale program and potential capital raising

30/09/2008

name changed from West Musgrave Mining Limited

14/04/2003

ASX Announcements (courtesy of ASX)

 

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Auz has been suspended for an inordinate amount of time. Don't get smart with the asx. These bodies and ones like them have been given a lot more clout since the Royal Commission. Try to be diplomatic. Thanks

20/11/2018 12:19:25

Company Updates

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    17/04/2020Benjamin Bell1,000,000$0.011$10,825
    11/03/2014Benjamin Bell600,000$0.006$3,600
    27/05/2013Benjamin Bell784,482$0.009$7,420
    12/07/2012Benjamin Bell618,235$0.017$10,570

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Michael RamsdenNon Exec Chairman09/03/2011
    Benjamin BellManaging Director, CEO08/11/2011
    Tim MacleanCOO24/07/2017
    Michael EliasNon Exec Director01/07/2005
    Dominic MarinelliNon Exec Director09/03/2011

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Marcus HughesCFO03/12/201806/11/2019
    Neil WarburtonNon Exec Director22/04/200331/12/2017
    Sally GriceCompany Secretary08/08/201118/06/2013
    Brett YoungNon Exec Director17/10/200501/05/2012
    Keith LiddellExecutive Director24/05/200113/10/2005
    Barry CahillManaging Director15/07/2005
    Anthony FairweatherNon Exec Director12/06/200128/04/2005
    David BoyerManaging Director01/09/200031/05/2004
    John DanielsDeputy Chairman30/05/200113/11/2003
    Craig McGownNon Exec Director15/11/199928/02/2003

    Date of first appointment, title may have changed.