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Scandium International Mining Corp. (TSX:SCY) owns an 100% interest in the Nyngan Scandium Project, located in New South Wales, Australia, approximately 500 kilometers northwest of Sydney. The Company completed a definitive feasibility study for the project in May 2016 and is focused on advancing the Nyngan Scandium Project to construction, with the objective of being the first company to achieve production of scandium oxide and aluminium-scandium master alloy from a primary scandium mine. Scandium International has completed all required governmental approvals with the objective of commencing site works in 2018 (subject to financing) and scandium production in late 2019. The Company also owns an 100% interest in the Honeybugle Scandium property, an exploration property some 20km from the Nyngan Scandium Project in NSW, Australia. The Kiviniemi property in Eastern Finland addresses an SCY objective to find a potentially significant scandium production source in Europe that we believe will be welcomed by European markets. This property benefits from high quality, well documented grass roots exploration work done by GTK, which gives us a faster start in our search for that European production asset. Equally important, we see positive early potential to address mineral grade concerns with low cost, on-site, effective upgrade techniques, which we intend to pursue with test work and our scandium processing know how. The Kiviniemi property represents a medium grade scandium resource target that has remained unrecognized and overlooked by exploration work, largely due to the absence of the more commonly sought-after minerals in the region, specifically copper, nickel and cobalt.
With a mineral tenure position exceeding one million acres, Strike Diamond Corp. is the leading district-scale exploration company in the Pikoo diamond camp. With our neighbors at North Arrow Minerals Inc. having already found multiple diamondiferous kimberlites at their Pikoo project, Strike Diamond Corp. is rapidly moving forward with exploration plans centered around our goal to discover kimberlite on our large regional mineral tenure position known as the Sask Craton project.
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