As of now, the best Scandium assets on the ASX are RIM and AUZ with huge upside potential,
RIM JORC resource as below with ~$150mil market cap.
RIM totally 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.
SconiEquivalent Sc Oxide (t) = 5,741t
Flemington Project
AUZ's Flemington is 403ppm with 500 holes missing from current Jorc resource, it is one of the highest grade Sc projects globally, I believe the resource will increase significantly if they include the 500 drill holes. Flemington located in close proximity to RIM Scandium project.
AUZ should RIM both should go $500m market cap imo.
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australian mines limited
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As of now, the best Scandium assets on the ASX are RIM and AUZ...
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