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Australian Mines appoints new CFO

Australian Mines (ASX:AUZ) has hired Fortescue Metals Group’s Marcus Hughes as its new CFO to provide project financing and equity raising experience as the company develops the Sconi project in North Queensland.
Australian Mines appoints new CFO Australian Mines appoints new CFO Australian Mines appoints new CFO Australian Mines appoints new CFO Australian Mines appoints new CFO

Bulk samples at Australian Mines' Sconi project

Staff reporter

During his career of over 20 years in the listed company environment, he most recently spent eight years as FMG's finance group manager. He also held senior roles at Lend Leasae and Rio Tinto.

The company said Hughes had credentials in capital raisings and project finance structuring.

Managing director Benjamin Bell said Hughes immediate experience was "an ideal fit for Australian Mines, as we prepare to commence our transition from explorer to project developer following the imminent release of a bankable feasibility study on our Sconi cobalt-nickel-scandium project".

He will formally join Australian Mines on December 3.