Australian Mines Appoints Tribeca Capital Advisory to Advance Flemington Scandium Project

Shwetambri Chauhan

12 November 2026 10:15 AM AEDT

Australian Mines Appoints Tribeca Capital Advisory to Advance Flemington Scandium Project

Image Source: Krish Capital Pty Ltd

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Australian Mines (ASX:AUZ) has appointed Tribeca Capital Advisory Pty Ltd as Corporate Adviser, with Tribeca tasked with advising on project funding and strategic options for the company's 100%-owned Flemington Scandium Project in central New South Wales, as well as the company's other strategic projects.

Key Points

Tribeca Capital Advisory Pty Ltd appointed as Corporate Adviser to Australian Mines
Tribeca's role covers capital markets, project finance, offtake arrangements and strategic partnerships for the Flemington Scandium Project
Australian Mines held cash of A$4.6 million as at 30 September 2026
Completion of the Flemington Pre-Feasibility Study is targeted for mid-Q1 2027

Tribeca Capital Advisory Appointment Details

According to the filing, Tribeca Capital Advisory Pty Ltd will advise Australian Mines on project funding and strategic options, with a particular focus on the Flemington Scandium Project. Tribeca's scope encompasses capital markets, project finance, offtake arrangements and strategic partnerships for Flemington and the company's other strategic projects. Tribeca Managing Director Daniel Porter is named in the filing, with Australian Mines Managing Director Andrew Nesbitt also cited in connection with the appointment.

Flemington Scandium Project Status

The filing states that over the past year Australian Mines completed the Flemington Scoping Study in April 2026, engaged a specialist Pre-Feasibility Study team in September 2026, confirmed the Project's water access licence, and renewed its Board. The company disclosed cash holdings of A$4.6 million at 30 September 2026. Near-term activities include Flemington aircore and metallurgical drilling results, testwork targeting scandium oxide purity above 99.9%, and completion of the Pre-Feasibility Study, targeted for mid-Q1 2027.

Flemington Project Ownership and Location

The Flemington Scandium Project is 100%-owned by Australian Mines and is located in central New South Wales. The filing describes the project as having near-surface mineralisation and notes it is moving through its Pre-Feasibility Study. The filing states that Tribeca has a focus on the United States and strategic relationships, and that the company intends to engage with potential financiers, offtake partners and strategic investors through Tribeca's advisory role.

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