Scandium International has secured a 100% interest in an exploration license (EL 7977) covering 34.7 square kilometers in New South Wales (NSW), Australia. The license area is located approximately 24 kilometers west-southwest from EMC's Nyngan Scandium Project and approximately 36 kilometers southwest from the town of Nyngan, NSW. While quite large, the license covers only a part of the Honeybugle geologic complex . There are no royalties or encumbrances on the property, we do not own surface rights.
The Honeybugle tenement contains lateritic material common to the region. The property itself is located in semi-arid broad-acre wheat farming country and is routinely planted. Farming is the largest industry in the area, although mining activity is evident, past and present.
The property includes four (4) distinct magnetic anomalies Seaford, Woodlong, Yarran Park and Mallee Valley. First stage drilling focused on Seaford. These areas were previously identified by groups exploring principally for platinum, nickel and cobalt in the 1980's, but scandium was of little interest. Surface soil and rock chip sampling conducted by previous license holders and EMC, on each of the four areas, did detect anomalous scandium values that are well above background levels (20-30 ppm). The results of this previous soil sampling work is what led to EMC's interest in acquiring the Honeybugle exploration tenements.
A first stage drill program focused on the Seaford area and was completed in April 2014. Early results are similar to the Nyngan property, and metallurgy is expected to be similar as well. Highlights of the April 2014 drill program include:
Based on promising first stage drill program results, a second stage drill program is planned for 2015 after the next wheat harvest:
Detail results of the April 2014 drilling program are presented in our Technical Reports section. Click here for quick link.