Nov 25 (Reuters) - Australian Mines Ltd AUZ.AX :
* AGREED TO ASSUME TWO ROYALTIES ON BELL CREEK, MINNAMOOLKA PROJECTS IN EXCHANGE FOR METALLICA MINERALS REDUCING PAYMENT DUE TO MLM
* REDUCING PAYMENT DUE TO MLM UPON COMMENCEMENT OF COMMERCIAL PRODUCTION AT SCONI PROJECT FROM $5 MILLION TO $2 MILLION