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New Mine Lease Grant Received for Scandium International's Nyngan Project in Australia
RENO, NV / ACCESSWIRE / July 24, 2019 / Scandium International Mining Corp. ( TSX: S...
About this update from Scandium International Mining Corp.
[{"type":"text","content":"\nNew Mine Lease Grant Received for Scandium International's Nyngan Project in AustraliaRENO, NV / ACCESSWIRE / July 24, 2019 / Scandium International Mining Corp. (TSX: SCY) (“Scandium International” or the “Company”) advises that its Australian subsidiary, EMC Metals Australia Pty Ltd. (“EMC-A”) has been granted a new mine lease (“ML 1792”) by the New South Wales Department of Planning, Industry and Environment (the “Department”), pertaining to the Nyngan Scandium Project. The new ML is based on a mine lease application filed in April 2019 (“MLA 568”), and the Company is in receipt of the authorized Department notification of the grant. HIGHLIGHTS:ML 1792 covers 364.2 hectares of freehold ground fully owned by EMC-A,The Company can construct and operate a scandium mine of similar scale to our current plans, within the footprint defined by this new ML, The ongoing status of the 2016 landowner objection to the earlier mine lease application no longer hinders the development of the Nyngan Scandium Project, andThe Company continues to negotiate with the neighboring landowner to purchase some or all of the land over which the 2016 objection was lodged.DISCUSSION:The Company has previously filed three news releases on this matter, in January, April, and May of 2019, outlining issues that resulted in the Company filing a new 2019 application for a mining lease relating to the Nyngan project, as a replacement for a mine lease grant received in 2017. As previously reported, a formal objection was filed in 2016 by an affected landowner opposing our application for a mine lease (‘MLA 531’), in that same year. The objection was not properly handled by the Department, when received, and therefore not properly considered or formally determined prior to the mine lease award in 2017. On that basis, and after some attempt by the Department to rule on the validity of the objection itself, the Department first advised EMC-A that it was their view that ML 1763 was invalid, and later confirmed that invalid status in June 2019.With notice from the Department on this action regarding ML 1763, the Company elected to have EMC-A file a new MLA (“MLA 568”) in April 2019, covering only EMC-A owned surface rights related to the project, totaling...