The Conversation (0)
EMC Metals Corp (TSX:EMC) has released results from a preliminary economic assessment (PEA) at its wholly owned Nyngan Scandium Project in New South Wales, Australia. The report included a capital cost estimate of US$77.4 million with an internal rate of return of 40.6 percent.
As quoted in the press release:
The PEA concludes the Project has the potential to produce 35,975 kilograms of scandium oxide (scandia) per annum, at grades of 97%-99%, generating an after tax cumulative cash flow over a 20 year Project life of US$565 million, with an NPV10%Â of US$175 million. The PEA also concludes the project can achieve this financial result with a conventional flow sheet, employing high pressure acid leach (HPAL) and solvent extraction (SX) techniques, which have been modeled and validated from METSIM modeling and bench scale/pilot scale metallurgical test work.
EMC Metals CEO, George Putnam, said:
This PEA represents the first public disclosure by EMC of the economics of the Nyngan Project, and we are very happy with both the financial and operational result. The good mineral recovery from HPAL shows the flow sheet to be well chosen, and the modest capital estimate and output reflects an appropriate size project with which to initiate scandium market growth. This PEA puts EMC on a fast track to complete a feasibility study in 12 months and be first to production with an appropriate scale scandium project by Q1 2017.
Click here to read the EMC Metals Corp (TSX:EMC) press release
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