Welcome to Australian Mines Limited
Australian Mines Limited (ASX Code: AUZ) is an Australian listed gold and base metals exploration company whose vision is to develop into a respected and successful operational mining company with growth potential of its assets.
AUZ has recently acquired extensive tenement holdings in Nigeria's North West schist belt region that offer similarities to the better known gold producing countries of Ghana, Cote d'Ivoire and Burkino Faso - where a combination of advanced exploration and development programs is leading to rapidly expanding output.
Although Nigeria has a history of past production, quickly ramping up to 40,000 ounces a year from 1933, it died out during the Second World War and never recovered from the discovery of oil in 1956.
Today, the country's mineral sector is springing back to life as government reforms aim to bring Nigeria into line with global best practice.
The experienced board and management of AUZ are well positioned to be part of this exciting re-emergence as modern-day exploration techniques and thinking are applied to highly prospective ground that many in the country feel offers greater potential than that of its neighbours to the west.