Nickel-cobalt developer Australian Mines is on the battery metals charge after submitting extension applications to its mining leases at the Sconi project in Queensland earlier this month.

Stockhead’s Sarah Hughan sits down with Australian Mines (ASX:AUZ) CEO Andrew Nesbitt to get the short end of the long story on the company’s latest announcement.

The US$1 billion Sconi project is forecast to help power up to six million electric vehicles with its mixed nickel-cobalt hydroxide precipitate which is expected to enter production from 2028.

Australian Mines has already secured an offtake partner in LG Energy Solution while the company aims to reach FID in 2025.

Nesbitt was recently appointed to the company following his previous work with Resource Mining Corporation, De Beers, Gold Fields and technical consulting group SRK as part of his 25 years’ experience and counting in the industry. He told Hughan he feels the company is undervalued in its current state.

“It really comes down to the market cap and the value of the asset…Sconi is a long life asset supporting the green energy transition,” Nesbitt told Stockhead TV on why he joined the developer.

Tune in to hear Australian Mines’ Andrew Nesbitt on the pathway to production at Sconi and why he’s excited to be part of the AUZ team.

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