Flemington Cobalt-Scandium-Nickel Royalty

Asset Overview

Flemington (Sconi) Highlights

• The Flemington project area is located in the Lachlan Shire of central New South Wales. It is approximately 450 km west of Sydney and approximately 15 km to the northwest of the township of Fifield.
• Important undeveloped source of scandium, cobalt & nickel in mining-friendly jurisdiction
• January 2025 mineral resource of 6.3 million tons at 446ppm scandium, 601ppm cobalt and 1350ppm nickel
• The project has three main competitive advantages, namely its Australian location, the mining licences have been issued and, as the project is a brownfields project certain technical and mining risks are well understood

Royalty Highlights

• Life-of-Mine 1.5% Gross Revenue Royalty (“GRR”)
• Flemington & Nyngan royalties acquired for US$4.5 Mil, comprised of US$1.5 Mil in cash & US$3.0 Mil in common shares

Project Overview

Australian Mines - Projects