Announced joint venture with Consolidated Minerals Ltd over the Nepean Nickel project, consisting of Mining Lease15/576, upon which the existing Nepean nickel mine is situated, and the surrounding Exploration Licence 15/238. Austminex will issue $1 million of its shares at a price of $0.13, amounting to approximately 7.7 million shares and Consolidated Minerals Ltd will have a right to earn a 65% interest in the tenements by expending $6,000,000 on exploration within five years.