EMC Initiates Preliminary Economic Assessment on Nyngan Scandium Project in Australia
EMC Metals Corp. (the “Company” or “EMC”) (TSX: EMC) announces today that it has selected the engineering firm Larpro Pty Ltd, of Brisbane, Australia, to prepare a preliminary economic assessment (PEA) on the Company’s Nyngan Scandium Project in New South Wales (NSW), Australia, expected to be completed in Q4, 2014.
Work on the PEA will be completed at Larpro’s offices in Brisbane, directed by Steve Laracy, Managing Director, 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 PEA will incorporate and be based on considerable metallurgical test work independently prepared for EMC over the previous four years, along with engineering, project design work and economic estimates done previously for EMC management. The PEA will also utilize existing environmental and detailed mine planning work done on the property, previously incorporated in prior studies.
The subsequent objective will be to combine this baseline PEA with additional resource work, further optimized process test work, detailed engineering design, and refined accuracy levels, into a Feasibility Study on the Nyngan Scandium Project, over the next 15-18 months, for completion in late 2015.
Both the Nyngan PEA (Larpro) and the subsequent Nyngan Feasibility Study will be commissioned and independently prepared to NI 43-101 compliant Technical Report standards, for filing on SEDAR.
About EMC Metals
EMC is focused on developing the Nyngan Scandium Project into the world’s first scandium-only producing mine. The Company owns a 100% interest in both the Nyngan Scandium Project, and the adjacent Honeybugle Scandium Property, in New South Wales, Australia, EMC’s interest in both Nyngan and Honeybugle can potentially be reduced to 80% in the future, based on certain current granted option rights.
The Company filed a NI 43-101 Measured and Indicated Resource on the Nyngan Project in 2010, has completed extensive metallurgical test work on the resource, and intends to produce and complete a Feasibility Study on the project in late 2015. In addition, EMC owns a 100% interest in the Tordal Scandium/REE property in southern Norway, where we continue our exploration efforts, specifically for scandium and REE minerals.
The technical information in this news release has been reviewed by Willem Duyvesteyn, a Qualified Person as defined by National Instrument NI 43-101. Mr. Duyvesteyn is employed by EMC Metals Corp.
For additional information please contact:
EMC Metals Corp.
Investor Relations; (775)-233-7328 or (925) 208-1775 or info@emcmetals.com
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 does involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements regarding the short term or long term economic feasibility of scandium production at our Nyngan scandium project, and in general, statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. 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.
Contact
EMC Metals Corp.
Edward Dickinson, 775-355-9500
info@emcmetals.com