Australian Mines Limited announce that its Sconi Cobalt-Nickel-Scandium Project in North Queensland, once developed, has been forecast to be one of the most competitive cobalt-producing nickel operations in the world by an independent nickel and cobalt sulphate Market Study commissioned by the Company. The Market Study, undertaken by commodity research specialist CRU International, forecasts that the 2025 value-adjusted business costs of the Sconi Project would place it in the 1st quartile compared to other existing and proposed analogous operations globally, based on the outcomes of the financial modelling that was released in Australian Mines' base case Bankable Feasibility Study (BFS). As it currently stands5, Sconi is a late-stage, laterite-hosted cobalt-nickel-scandium project with payable metals expected to be produced annually, on average (based on an 18-year mine life), of 8,500 tonnes of cobalt sulphate and 53,300 tonnes of nickel sulphate. Australian Mines completed a Mineral Resource extension drilling program in late 20186 and expects to be in a position to release an updated Mineral Resource Estimate for Sconi in the March quarter, which will feed into an optimised BFS on the project.