Business
Scandium International Mining Corp.: Nyngan Project - New Mine Lease Application Filed
Reno, Nevada--(Newsfile Corp. - May 15, 2019) - Scandium International Mining Corp. ( TSX: SCY...
About this update from Scandium International Mining Corp.
[{"type":"text","content":"Scandium International Mining Corp.: Nyngan Project - New Mine Lease Application FiledReno, Nevada--(Newsfile Corp. - May 15, 2019) - Scandium International Mining Corp. (TSX: SCY) (\"Scandium International\" or the \"Company\") advises that it has filed a new mine lease application (\"MLA 568\") with governmental regulators, related to the Nyngan Scandium Project, in New South Wales, Australia. The new application covers an estimated 371 hectares of ground where the surface rights are fully owned by the Company's Australian subsidiary, EMC Metals Australia Pty Ltd. The Company will seek the granting of a new mine lease for the Nyngan Scandium Project, based on this new MLA.The new MLA filing is in direct response to ongoing delays in governmental resolution of a neighboring landowner's objection to the Company's 2017 mine lease grant (ML 1763). The new MLA is not expected to encounter delays in processing by the relevant governmental departments, and specifically is not dependent on either timing or ultimate resolution of the ongoing landowner objection to the award of ML 1763.HIGHLIGHTS:The Company believes it can permit and construct a scandium mine, of similar design and scale to our current plans, within the footprint defined by this new MLA 568, Ongoing review by governmental departments of the landowner objection will continue, and depending on the final ruling, could result in the grant of a new mining lease over the original 875 hectare footprint and boundaries defined in the original ML 1763,The Company fully intends to proceed with development of the Nyngan Scandium Project, regardless of the final outcome of the pending landowner objection.DISCUSSION:The Company has filed two 2019 news releases on this matter, in January and April, outlining the issues, the timing of events and discoveries, and the pathways to resolution for ourselves, our neighboring landowner, and the Department of Planning and Environment (the \"Department\"). While the Department now has a new Minister and a revised portfolio, the Secretary of the Department remains charged with the task of determining the validity of the affected landowner's 'Agricultural Land' objection, and the 'first principles' investigations related to that final determination have been ongoing since initiated in 2018. The Secretary of the Department must make a ruling on t...