• Flemington Project has potential to increase scandium resource to 28Mt @ 2174ppm
• Expanded Scoping Study for Flemington Project expected by Q3 2025
• Auger drilling at Jequie and Resende projects identifies new REE targets

Australian Mines has provided its Quarterly Activities Report for the period ending 31 March 2025. The report highlights the growing focus on critical mineral security globally, with recent export restrictions by China on rare earth elements like scandium underscoring the need for diversified and reliable sources. In response, the U.S. and Australia have announced initiatives to support domestic critical minerals projects. Australian Mines is well-positioned to benefit from these developments, with its focus on critical minerals projects. At the Flemington Project, the company has the potential to increase the scandium resource to 28 million tonnes at 2174 ppm using a 100 ppm cut-off grade. The company has expanded the scope of the current Scoping Study to incorporate updated metallurgical, processing, and environmental studies, with the aim of enhancing the confidence level of the overall assessment. This expanded work program is expected to be completed by the end of Q3 2025. At the Jequie Project, the company has completed auger drilling programs that have identified new REE targets, with high-grade intersections up to 3,055 ppm TREO. At the Resende Project, the company has completed soil sampling programs that have identified two new follow-up REE target areas. The company also plans to carry out initial diamond drilling and auger drilling programs at Resende to further evaluate the tin, lithium, tantalum, and REE potential. Overall, the report highlights Australian Mines' continued progress in advancing its critical minerals projects to capitalize on the growing global demand.