Scandium International Mining Initiates Definitive Feasibility for Nyngan

Scandium International Mining (TSX:SCY) has selected Lycopodium Minerals of Brisbane Australia to prepare a definitive feasibility study for its Nyngan Scandium project in New South Wales. The study is expected to be completed in the first quarter of 2016.
As quoted in the press release:

Work on the DFS will be completed at Lycopodium’s offices, directed by Shane Clark who will be the study manager (Group Manager/Brisbane), along with a team of specialists with experience in hydrometallurgy specifically related to lateritic-type resources, as found at Nyngan and elsewhere in Australia.  The DFS will include all elements of project description and design to generate an economic report suitable for seeking project construction financing in 2016. Process engineering and other project study elements will be advanced to a +/-15% accuracy level.
While Lycopodium will coordinate the overall project, significant contributions will be sourced from other engineering groups and consultants who have been a part of previous reports, including Altrius Engineering Services Pty Ltd (Brisbane, QLD), Rangott Mineral Exploration Pty Ltd (Orange, NSW), Mining One Consultants (Melbourne, Victoria) and R.W.Corkery & Co. Pty Limited (Orange, NSW).  Knight Piesold Pty Ltd (Brisbane, QLD) will contribute engineering services on tailings dams, geotechnical work, and surface water management.

George Putnam, Scandium International CEO, said:

Initiating this DFS means the Company now has the platform to bring five years of test work, business development efforts and commercial understanding on the Nyngan scandium resource to both the investor community and to customers.  We intend to demonstrate to all of our stakeholders the viability of our resource, and the game-changing nature of the laterite scandium occurrences in NSW Australia.  We intend to bring scandium to waiting world markets with this project in 2017.

Click here for the full press release.