Scandium International Mining Corp

Published : May 09th, 2016

Feasibility Study -- Nyngan Scandium Project Filed On SEDAR

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

Feasibility Study -- Nyngan Scandium Project Filed On SEDAR

Reno, Nevada, May 9, 2016 -- Scandium International Mining Corp. (TSX:SCY) ('Scandium International' or the 'Company') is pleased to announce the filing of a National Instrument NI 43-101 Technical Report entitled 'Feasibility Study - Nyngan Scandium Project' on SEDAR, on Friday May 6, 2016. This Definitive Feasibility Study (DFS) on the Company's 80% owned Nyngan Scandium Project, supports the technical and economic viability of the Nyngan Scandium Project.

The feasibility study delivers a positive result on the Nyngan Scandium Project, and recommends the Project owners seek finance and proceed to construction. Recommendations are made for additional immediate work, notably to win additional offtake agreements with customers, complete some optimizing flow sheet studies, and to initiate as early as possible detailed engineering required on certain long-lead capital items.

A copy of the Feasibility Study may be accessed on SEDAR or on the Company's website at www.scandiummining.com.

QUALIFIED PERSONS AND NI 43-101 TECHNICAL REPORT

Willem Duyvesteyn, Msc, AIME, CIM, a Director and CTO of the Company, is a qualified person for the purposes of NI 43-101 and has reviewed and approved the technical content of this press release on behalf of the Company.

ABOUT SCANDIUM INTERNATIONAL MINING CORP.

The Company is focused on developing the Nyngan Scandium Project into the world's first scandium-only producing mine. The Company owns an 80% interest in both the Nyngan Scandium Project, and the adjacent Honeybugle Scandium Property, in New South Wales, Australia, and is manager of both projects. Our joint venture partner, Scandium Investments LLC, owns the remaining 20% in both projects, along with an option to convert those direct project interests into SCY common shares, based on market values, prior to construction.

In addition to the two lateritic scandium properties in Australia, SCY owns a 100% interest in the Tørdal Scandium/REE property in southern Norway, where we continue our exploration efforts, specifically for scandium and REE minerals.

For further information, please contact:

George Putnam, President and CEO.
Tel: 925-208-1775
Email: [email protected]

This press release contains forward-looking statements about the Company and its business. Forward looking statements are statements that are not historical facts and include, but are not limited to: reserve and resource estimates, estimated NPV of the project, anticipated IRR, anticipated mining and processing methods for the Project, the estimated economics of the project, anticipated Scandium recoveries, production rates, scandium grades, estimated capital costs, operating cash costs and total production costs, planned additional processing work and environmental permitting. The forward-looking statements in this press release are subject to various risks, uncertainties and other factors that could cause the Company's actual results or achievements to differ materially from those expressed in or implied by forward looking statements. These risks, uncertainties and other factors include, without limitation risks related to uncertainty in the demand for Scandium and pricing assumptions; uncertainties related to raising sufficient financing to fund the project in a timely manner and on acceptable terms; changes in planned work resulting from logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; uncertainties involved in the estimation of Scandium reserves and resources; the possibility that required permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; risk of accidents, equipment breakdowns and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; risks related to projected project economics, recovery rates, and estimated NPV and anticipated IRR and other factors identified in the Company's SEC filings and its filings with Canadian securities regulatory authorities.

Forward-looking statements are based on the beliefs, opinions and expectations of the Company's management at the time they are made, and other than as required by applicable securities laws, the Company does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances, should change.

Cautionary Note to U.S. Investors Regarding Resource Estimates: The Company's technical disclosure uses terms such as 'indicated resources' and 'measured resources' which are defined by the Canadian Institute of Mining, Metallurgy and Petroleum, and are required to be disclosed in accordance with Canadian National Instrument 43-101 (NI 43-101). The disclosure standards in the U.S. Securities and Exchange Commission's (SEC) Industry Guide 7 normally do not recognize information concerning these terms or other descriptions of the amount of mineralization in mineral deposits that do not constitute 'reserves' by U.S. standards in documents filed with the SEC. Accordingly, information concerning mineral deposits set forth in the Company's disclosure documents may not be comparable with information presented by companies using only U.S. standards in their public disclosure.

Read the rest of the article at www.publicnow.com
Data and Statistics for these countries : Norway | All
Gold and Silver Prices for these countries : Norway | All

Scandium International Mining Corp

DEVELOPMENT STAGE
CODE : SCY.TO
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Scandium is a exploration company based in Canada.

Scandium develops tungsten in USA, and holds various exploration projects in Australia, in Canada and in USA.

Its main asset in development is SPRINGER in USA and its main exploration properties are CARLIN VANADIUM and FOSTUNG in Canada, COPPER KING NEVADA in USA and NYNGAN GILGAI in Australia.

Scandium is listed in Canada. Its market capitalisation is CA$ 5.7 millions as of today (US$ 4.1 millions, € 3.9 millions).

Its stock quote reached its highest recent level on February 20, 2009 at CA$ 0.49, and its lowest recent point on April 25, 2014 at CA$ 0.02.

Scandium has 228 150 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Scandium International Mining Corp
12/20/2018Clean TeQ's Sunrise nickel-cobalt-scandium project gets gree...
Project news of Scandium International Mining Corp
1/21/2012Receives Final Report on Pilot Plant Test-Work for Nyngan Sc...
1/18/2012Nyngan Project Conceptual Plan Submitted to NSW State Regula...
9/13/2011Signs Option Agreement to Acquire Former Scandium Production...
Corporate news of Scandium International Mining Corp
7/6/2016Key Staff Appointment To Nyngan Scandium Project Team
6/29/2016Nyngan Scandium Project Confirming Process Test Results Rece...
6/10/2016Scandium International Mining Corp. Announces Results of 201...
5/9/2016Feasibility Study -- Nyngan Scandium Project Filed On SEDAR
5/2/2016Scandium International Files Environmental Impact Statement ...
4/18/2016Results Of Definitive Feasibility Study On The Nyngan Scandi...
11/2/2015Scandium International Mining Corp. Announces Results of Ann...
10/14/2015Scandium International Receives US$2.07M from Royalty Sale o...
9/10/2015Scandium International Initiates Definitive Feasibility Stud...
9/1/2015Scandium International Announces Annual General Meeting
8/24/2015IIROC Trade Resumption - SCY
8/24/2015IIROC Trading Halt - SCY
8/24/2015Scandium International Announces Significant Transactions: E...
3/30/2015SCY and ALCERECO Sign MOU and Scandium Offtake Agreements
2/17/2015Novel Flowsheet Design Patents Filed for Scandium Recovery
1/29/2015Final Assay Results of Resource in-Fill Drilling at Nyngan S...
12/18/2014Early Assay Results of Resource In-Fill Drilling at Nyngan S...
7/21/2011Receives Initial Surface Assays With Up to 217 ppm Scandium ...
6/14/2011(Fostung)Sells Fostung Tungsten Property to Janus Resources Inc.
6/6/2011Selects Engineering Firm For Feasibility Study at Nyngan Sca...
4/11/2011Commences Environmental Work at Nyngan Scandium Project in N...
4/7/2011Signs Earn-In Agreement With REE Mining On Two Exploration P...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (SCY.TO)
0.025+0.00%
TORONTO
CA$ 0.025
05/01 13:18 -
0%
Prev close Open
0.025 0.025
Low High
0.020 0.025
Year l/h YTD var.
0.020 -  0.030 25.00%
52 week l/h 52 week var.
0.020 -  0.065 -50.00%
Volume 1 month var.
10,300 -%
24hGold TrendPower© : -2
Produces
Develops Tungsten
Explores for Vanadium
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2024-28.57%
2023-46.15%0.080.03
2022-50.00%0.170.06
2021-39.53%0.350.12
2020138.89%0.240.06
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.45-1.19%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.55+0.79%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.53-1.12%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.63-0.75%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.35-2.35%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.26+4.08%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.22-2.17%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.83+5.17%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 50.42-1.48%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :