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NYNGAN, NSW (Gilgai Resource) Exploration Licences 6009, 6095 and 6096Scandium Resource StatementCategory | Tonnes
| Grade (ppmSc)
| Overburden Ratio
| Measured
| 2,718,000
| 274
| 0.81:1
| Indicated
| 9,294,000
| 258
| 1.40:1
| Total
| 12,012,000
| 261
| 1.10:1 |
Interest In Scandium Oxide
Interest in scandium oxide supply from the various end-users contacted by the Company is increasing, with fuel cell components as the main target market. Estimates of actual annual consumption of scandium oxide seem to vary widely depending on where the information is sourced. The size and grade of the Gilgai scandium resource is a significant factor in providing a stable source of supply.
Location
Nyngan is located about 160km N/West of Dubbo, NSW. The proposed mine site is approximately 25km from Nyngan via sealed roads.
Initial Open Pit Design
There is evidence that demand for this metal would grow quickly if a reliable supply was available at reasonable cost. The Nyngan deposit is quite rich and on 31 March, 2008 a preliminary open pit was designed to a 30 metre depth. This would yield 305,062 tonnes at a grade of 350.4 g/t overburden/ore ratio 1.8/1.
Processing
A process has been evolved which yields about 80-88% of the contained scandium. The process is being refined. Details cannot be released to protect shareholders and the Company's interests. This is ongoing at Metcon Laboratories and CSIRO in Melbourne and Perth. By end August, 2009 it is expected that one process from 3 options will be selected as the production process for output of 99.9% pure scandium oxide.
Project Targets
Current project targets are completion of a bankable feasibility study within 12 months and, subject to successful economics and financing, to completion of a small, relatively low cost, commercial plant to produce 20-30 TPA 99.9% scandium oxide within 12-18 months .
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Forest Reefs(NSW)