Asset Overview
Nyngan Scandium Project Highlights
- Located 500 km north-west of Sydney, NSW, Australia
- Politically stable, mining-friendly jurisdiction
- Fully permitted and construction-ready Nyngan Scandium project
- World’s first scandium-only mine development project, 100% owned by Scandium International Mining
- Definitive Feasibility Study completed May 2016; US$87M Capex with +3X expansion potential
- NI 43-101 measured and indicated scandium resource
- Production targeted for approximately 38,000 kg per year of scandium oxide. (Sc2O3)
Royalty Highlights
- Life-of-Mine 1.7% Gross Revenue Royalty (“GRR”)
- Flemington & Nyngan royalties acquired for US$4.5 Mil, comprised of US$1.5 Mil in cash & US$3.0 Mil in common shares
Definitive Feasibility Study
Nyngan Scandium Orebody
- Project Reserve totaling 1.43 million tonnes, grading 409ppm Sc established on part of the resource
- Measured and indicated resource significantly larger (7X) than 20 year mine life outlined in the feasibility study
- Surface mining at the site is anticipated to be done by conventional truck and shovel; resource indicates a very low strip ratio
Fully Permitted & Construction Ready
Production Potential
- Feasibility Study concludes the Project has the potential to produce an average of 37,690 kilograms of scandium oxide (scandia) per year, at grades of 98.0%-99.9%
- Production potential to generate an after tax cumulative cash flow over a 20 year Project life of US$629 million, with an NPV10% of US$177 million.
- First offtake in place (225t Al-Sc master alloy), with group capable of in-house conversion to aluminum alloy
Location map
