EMC Receives Report on Capital & Operating Cost Estimates for the Nyngan Scandium JV Project in NSW, Australia

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[{"type":"text","content":"\n\n\n\n Jul. 28, 2010 (Canada NewsWire Group) -- \n \n \n TSX: EMC\nwww.emcmetals.com\n\nVANCOUVER, July 28 /CNW/ - July 28, 2010 - EMC Metals Corp. (the "Company" or "EMC") (TSX: EMC) is pleased to announce that it has received an independent engineering report, titled, "Scandium Recovery From Gilgai Laterite" (the "Report"), outlining the estimated capital and operating costs for a 200 tonne per day ("tpd") facility to extract and recover scandium oxide (Sc(2)O(3)) from resources at the Nyngan (Gilgai) scandium deposit. The Report, commissioned by EMC, was prepared by Roberts & Schaefer Co., of Salt lake City, Utah, USA and provides key financial and operating parameters for a preliminary economic assessment ("PEA") on the Nyngan Scandium Project, to be completed before the end of the year. The Nyngan Scandium Project is a joint venture between EMC and Jervois Mining Ltd. ("Jervois") (ASX: JRV), and is located in New South Wales, Australia.\n\nHighlights of the Report are as follows:\n\n\n >\n\n\nDiscussion of Report results:\n\nEMC engaged Roberts & Schaeffer in April 2010 to develop a capital and processing cost estimate for a scandium oxide production facility, based on the laterite scandium resource at Nyngan, controlled in a 50/50 joint venture with Jervois. Scandium grades and rock characteristic assumptions were based on the independent NI 43-101 resource estimate on the project filed on SEDAR in April 2010. The overall scope of the study included provision of the following outputs:\n\n\n >\n\n\nNote that mineral resources that are not mineral reserves do not have demonstrated economic viability. These estimates of capital and operating costs are a component of a number of factors required to complete a preliminary assessment of the economic viability of the project, and there is no guarantee that the company will achieve production from the resource at Nyngan.\nThe process flow sheets were based on technical reports done for Jervois or EMC on various metallurgical aspects of the resource. These reports were done by METCON Laboratories of Sydney Australia, the Commonwealth Scientific and Industrial Organization (CSIRO) in Australia, or by other research work, proprietary to or sourced by Jervois or EMC. The bulk of the process applied by Roberts & Sc...

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