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Australian Mines takes over Sconi

Creamer Media Senior Deputy Editor: Australasia
ASX-listed Australian Mines has taken full ownership of the Sconi cobalt/nickel/scandium project, in Queensland, after striking a A$10-million cash and share deal with Metallica Minerals. Australian Mines’ outright acquisition of the Sconi project negated an earlier earn-in agreement with Metallica, under which Australian Mines was earning a 75% interest in the project.

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