Australian Mines Limited (ASX Code: AUZ) is an Australian listed base metals mining and exploration company whose vision is to develop into a respected and successful nickel miner based on the quality and profitability of its operations and the growth potential of its assets.
The company has three principal objectives:
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To maximise shareholder wealth through participation in the acquisition, discovery, development and operation of profitable mining projects;
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Achieve capital growth through the application of disciplined and focused exploration and through further strategic acquisitions that complement and enhance the objectives of the Company.
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Distribute a proportion of profits to shareholders by way of dividends, once sustainable profitability has been achieved, subject to working capital and reinvestment requirements;
The company's acquisition of the Blair nickel mine and surrounding tenements reflects a growth strategy that includes the expansion of the Company's activities into the Kambalda region of Western Australia.
Australian Mines Ltd Offers:
- Quality projects, proven exploration team, and experienced Board.
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Exposure to significant exploration and development potential for nickel sulphide via its highly strategic tenement holdings in key geological locations in Western Australia's Kambalda region and leverage to the high nickel price regime through nickel production from its 100%-owned Blair mine.
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Multiple base & precious metals targets already identified and being systematically followed up such as Duplex Hill South.