Connect with us

Energy & Critical Metals

Scandium International posts Nyngan drilling results, Australia

Scandium International Mining Corp. [SCY-TSX] reported the results of its recently completed air core drilling…

Share this article:

Published

on

This article was originally published by Resource World

Scandium International Mining Corp. [SCY-TSX] reported the results of its recently completed air core drilling campaign at its 100%-owned Nyngan scandium project in New South Wales (NSW), Australia. The program consisted of 11 drill holes designed to delineate the western and northwestern edges of the already established mineral resource at the project.

Peter Evensen, CEO, commented: “The 2023 drilling program is now complete. At the Honeybugle exploration licence, we found a near-surface, scandium-enriched laterite formation at the Woodlong prospect which was the subject of a previous news release; at Nyngan the drilling results have better defined the western boundary of the existing resource and reserve that are the foundation of the 2016 feasibility study and are therefore adding to our knowledge of how to optimize development of the project when it goes into production.

“I would remind investors that the Nyngan scandium project has a mineral reserve of 1.43 million tonnes at 409 ppm [parts per million] scandium entirely in the limonite mineral lithology as part of a broader mineral resource of 16.9 million tonnes at 235 ppm scandium that also includes additional limonite along with saprolite mineralization.”

Evensen continued: “The company’s core focus remains unchanged from the strategic decision taken in the second quarter of 2022 to pivot back to the portfolio of scandium assets to maximize the value of this portfolio and be prepared for when the scandium market has developed sufficiently to require this material. We continue to engage with partners and customers to secure arrangements that will allow the Nyngan project to move into production.”

tsx

tsx-scy
scandium-international-mining-corp
scandium international mining corp

Share this article:

Uranium Exploration Company Announces Additional Staking in the Athabasca Basin

Source: Streetwise Reports 12/22/2023

Skyharbour Resources Ltd. announced an update from its Canada-based Falcon Project along with additional…

Share this article:

Published

on

By

Continue Reading
Energy & Critical Metals

Tesla Launches New Mega Factory Project In Shanghai, Designed To Manufacture 10,000 Megapacks Per Year

Tesla Launches New Mega Factory Project In Shanghai, Designed To Manufacture 10,000 Megapacks Per Year

Tesla has launched a new mega factory…

Share this article:

Published

on

Continue Reading
Energy & Critical Metals

Giving thanks and taking stock after “a remarkable year”

An end-of-year thank you to our readers, industry colleagues and advertisers before Electric Autonomy breaks from publishing until Jan. 2
The post Giving…

Share this article:

Published

on

Continue Reading

Trending