Nyngan Project Conceptual Plan Submitted to NSW State Regulators in Australia
Reno, Nevada -- January 18, 2012 -- EMC Metals Corp. (the "Company" or "EMC") (TSX: EMC) advises that key elements of environmental site work on the Nyngan Scandium Project have been completed and a Conceptual Project Development Plan (CPDP) submitted to the NSW, Australia state regulators. The CPDP submission forms the basis for an Environmental Impact Study ("EIS"), the foundation environmental document required for a mining permit in the state. A formal review meeting in relation to the CPDP document is planned with division staff in late January 2012.
This environmental work continues under direction from R. W. Corkery & Co., (Orange, NSW, Australia), and will form part of the NI 43-101 Nyngan feasibility study currently being finalized by SNC-Lavalin Inc. (Brisbane, Australia).
Specific EIS and property work, contained in the CPDP, completed by year end 2011:
Draft ground water assessment study finalised and submitted to regulators,
Surface water assessment results favourable, State review ongoing,
Aboriginal heritage study finalized, no areas of significance,
Soils study finalized, no issues, and
Property aerial photography and contour mapping completed, location of site facilities defined.
Continuing EIS work underway:
License applications (6), for access to groundwater as generated from property water bores have been submitted,
Flora and fauna studies are ongoing; to-date no significant issues have arisen, and
Traffic, noise and air quality baseline monitoring are ongoing.
The Company will submit a request for Director-General's Requirements to the Department of Planning and Infrastructure and related agencies following the meeting with the Division of Resources and Energy in late January, with an onsite meeting with those agencies planned for 21 February 2012. The request will be supported by the CPDP document which includes site details, a description of the project, preliminary environmental assessment work results, infrastructure needs, plans for surface water management, mining details, processing details, road and traffic implications, facilities water usage and site rehabilitation/decommissioning. This environmental work will also be a part of the Nyngan Feasibility Study, as being finalized by SNC-Lavalin Inc. (Brisbane, Qld.).
Discussions with property neighbors and the local community are also ongoing during this work, and will continue with the permitting efforts that are expected to extend through the year. The results from this work will be included in the Nyngan Project's Environmental Impact Study (EIS) which is required for approval of a mining permit for the project.
About EMC Metals
EMC's high-priority development opportunity is the Nyngan Scandium joint venture with Jervois Mining Limited of Melbourne, Australia. The Nyngan Scandium Project has a National Instrument ("NI") 43-101 measured and indicated resource estimate of 12 million tonnes, grading 261 ppm Sc, based on a cut-off grade of 100 ppm Sc ("NI 43-101 Technical Report on Nyngan Scandium, Jervois Mining Limited, Nyngan, New South Wales, Australia", March 25, 2010).
EMC also holds the Springer Tungsten mine in Nevada, USA, and the Carlin Vanadium property near Carlin, Nevada. Both properties have current NI 43-101 compliant resource estimates, available on the Company website and on SEDAR.
The technical information in this news release has been reviewed by John Thompson, a Qualified Person as defined by National Instrument 43-101. Mr. Thompson is employed by EMC Metals.
For additional information please contact:
EMC Metals Corp.
Investor Relations-Nevada: (775) 355-9500 or firstname.lastname@example.org, or
Kelly Boatright, The Windward Agency, Charlotte, NC - Toll Free 1-866-583-6300
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
This press release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. Specifically, while we are in the process of obtaining an independent feasibility study on our Nyngan project, until such report is available and demonstrates positive feasibility of the project, readers should not assume that the project is economically feasible. In addition, a production decision involves numerous risks, including financing of the project, market demand and market price fluctuations for scandium produced and/or processed by us and other standard and usual risks of a mining operation. In regards to our exploration activities described in this press release, there is no guarantee that we will identify suitable targets for drilling, or that results of drilling will merit further exploration. In addition, our exploration activities are subject to available funding, which may require that we raise capital by equity based financing, the success of which we cannot predict. Accordingly, forward-looking information in this press release is based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice, and by other risk factors disclosed in our public filings. Except as required by law, EMC assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.
Certain terms used in this news release are used in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Canadian requirements differ significantly from the requirements of the U.S. Securities and Exchange Commission ("SEC"), and resource information contained herein may not be comparable to similar information disclosed by U.S. companies. Without limiting the generality of the foregoing, the term "resource" does not equate to the term "reserves". The requirements of NI 43-101 for identification of "reserves" are not the same as those of the SEC, and reserves reported in compliance with NI 43-101 may not qualify as "reserves" under SEC standards. The SEC's disclosure standards normally do not recognize information concerning "measured mineral resources", "indicated mineral resources" or "inferred mineral resources" 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. In addition, resources that are classified as "inferred mineral resources" have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an "inferred mineral resource" will ever be upgraded to a higher category. Under Canadian rules, estimated "inferred mineral resources" may not generally form the basis of feasibility or pre-feasibility studies. Investors are cautioned not to assume that all or any part of an "inferred mineral resource" exists or is economically or legally mineable. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations, however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in-place tonnage and grade without reference to unit measures. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information presented by companies using only U.S. standards in their public disclosure.