Mineral Resource Estimate doubles contained scandium metal at Sunrise Energy Metals' Australian rare earths deposit
Scully Royalty Ltd. (SRL)
Company Research
Source: PR Newswire
Upward revision to Estimate comes amidst reported supply shortages of rare earth elementsFeasibility Study to be completed later this monthHighlights:Measured and Indicated Mineral Resource materially increases following a step out drilling campaign at the Syerston Scandium Project, which now comprises: a global resource of 19,007 tonnes of contained scandium (at a 300 g/t Sc cut-off) at an average grade of 414 g/t (a 98% increase in contained metal, with over 90% of the global resource now in Measured and Indicated categories); anda high-grade resource of 1,155 tonnes of contained scandium (at a 600 g/t Sc cut-off) at an average grade of 665 g/t (a 161% increase in contained metal, with over 99% of the high-grade resource now in Measured and Indicated categories).Recent negotiations with scandium traders in North America indicate a significant tightening of scandium supply, and a marked increase in scandium prices since the imposition of China's export licensing restrictions on the
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- Mineral Resource Estimate doubles contained scandium metal at Sunrise Energy Metals' Australian rare earths depositPR Newswire
- Mineral Resource Estimate doubles contained scandium metal at Sunrise Energy Metals' Australian rare earths depositPR Newswire