• Scandium market shows structural shift with increasing demand
• Flemington Project SRK Scoping Study confirms potential for a long-life, significant primary scandium operation
• Boa Vista Gold Project identifies 14 additional gold targets
• Strategic capital raising of $3.0 million completed
• Advanced metal hydride technology for hydrogen storage

Australian Mines Ltd's Quarterly Activities Report for the period ending 30 June 2026 highlights significant developments across its projects. The scandium market is experiencing a structural shift with increasing demand, driven by Bloom Energy's expansion in AI and data-centre power. The Flemington Scandium Project completed a SRK Scoping Study, confirming its potential as a long-life, significant primary scandium operation with strong economic metrics. Additionally, the Boa Vista Gold Project identified 14 new gold targets, expanding its exploration potential. The company also strengthened its balance sheet with a $3.0 million capital raising. Furthermore, Australian Mines advanced its metal hydride technology for hydrogen storage, focusing on optimizing material performance and commercial pathways.

The company anticipates further exploration and development at Flemington and Boa Vista, with potential for significant growth in the scandium and gold sectors.