All tagged Australian Mines Limited (ASX:AUZ)

Australian Mines flags potential resource expansion at Flemington

Advanced battery materials developer Australian Mines (ASX: AUZ) has announced positive assay results from the first phase of its resource expansion drilling campaign at its 100%-owned Flemington Project in New South Wales. Early indications suggest the mineralised horizon continues to extend beyond the existing resource. Further assay results are expected to come in over the coming four to five weeks.

Australian Mines launches underwritten share purchase plan

Advanced battery materials developer Australian Mines (ASX: AUZ) is undertaking, by way of a prospectus, a share purchase plan to raise $5 million, with the ability to accept oversubscriptions of an additional $5 million. The SPP will be underwritten to $5 million by Patersons Securities, which is acting as lead manager to the raising.

Australian Mines provides quarterly activities update

Australian Mines (ASX: AUZ) has updated the market on its activities for the three months to March 31. During the reporting period, the company raised $5 million through an equity placement to sophisticated and institutional investors, and received a $1.9 million R&D tax rebate for work completed at its demonstration size processing plant in WA.

Australian Mines taps investors for $5m

Advanced battery metals developer Australian Mines has attracted $5 million from sophisticated and institutional investors, via the placement of 172.4 million shares at 2.9 cents each. The funds raised will be used for optimisation of the Sconi project bankable feasibility study and a resource expansion drilling program at the Flemington project.