As of now, I think the best Scandium assets on the ASX are RIM and AUZ,
RIM JORC resource as below with $126mil market cap.
RIM total have 5,070t Sc Oxide - 3Mt @ 240 ppm Sc (Indicated and Inferred) (1,120t Sc Oxide) - 21Mt @ 125 ppm Sc ( Inferred ) (4,050t Sc Oxide)
AUZ also have huge JORC resource for Sconi and Flemington, while AUZ market cap is around ~$19mil AUD at the moment.
Flemington Project
AUZ's Flemington is 403ppm with 500 holes missing from current Jorc, it is one of the highest grade Sc projects globally, the resource will increase significantly if they include the 500 drill holes. Flemington located in close proximity to RIM Scandium project.
Currently this project itself have 2.7mt grading at 403 g/t of scandium for this project at the moment. Sconi Project
Sconi Equivalent Sc Oxide (t) = 5,741t
AUZ should RIM both should go $500m imo.
RIM Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
