Australian Mines Limited released further positive results from the company's Resource extension drilling program at its Sconi Cobalt-Nickel-Scandium Project. Australian Mines' Sconi project, located near the township of Greenvale (approximately 225 kilometres inland from Townsville in Northern Australia), is one of the most advanced projects of its type in Australia and represents far more than just an emerging cobalt + nickel + scandium mining project. It is planned the Sconi Project will become a fully-integrated chemical processing operation capable of delivering battery-grade cobalt sulphate and nickel sulphate to off-take partner, Korean-based SK Innovation, for direct application at their global electric vehicle battery manufacturing plants without the need for Australian Mines' cobalt and nickel products to undergo any further processing. As such, the Sconi Project is being designed to capture the full 'value-add' of the Project on site. Given that a significant portion of the favourable cobalt-nickel-scandium bearing geology at Sconi was not fully tested by drilling, and as result, the current Mineral Resource may not reflect the true mineral endowment of the Project, Australian Mines recently embarked on a 50,000 metre Resource Expansion drilling program at Sconi. Initial assays from this drill program, were reported to the market on 14 September 2018 with highly positive with thick zones of nickel mineralisation being confirmed beyond the existing Mineral Resource. The latest assay results, summarised in this report, continue Australian Mines' success in demonstrating that mineralisation at Sconi is much more extensive then reflected in the current Mineral Resource used in the impending Bankable Feasibility Study (BFS) for the Project. Whilst the majority of the assays from this Resource Expansion drilling program at Sconi are still pending, the available results from both the Greenvale deposit and the nearby Lucknow deposit point to continued exploration upside for the Project and a possible improvement in the already impressive Mineral Resource at Sconi. Cobalt and nickel intersections included: 15 metres at 0.14% cobalt from 11 metres; 9 metres at 0.30% cobalt from 9 metres; 11 metres at 0.16% cobalt from 8 metres; 10 metres at 1.80% nickel from 29 metres; 20 metres at 1.13% nickel from 36 metres; and 14 metres at 1.03% nickel from 21 metres. Additional 5,000 metres drilling at Greenvale deposit completed, following receipt of highly-encouraging assays from recent drilling: testing newly-identified mineralised zones, and further extending the Sconi's cobalt-nickel mineralisation footprint. Cobalt-focussed drilling at Lucknow Deposit recently completed: Assays for the remainder due to be received in the current quarter.