G88 golden mile resources ltd

For further insights on scandium, I've done some diggingOnly...

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    For further insights on scandium, I've done some digging

    Only 15-20 tonnes produced per year a few years ago, globally. This is about 20-25t now.

    Rio bolted on a scandium refining step to their flow sheet in their RTIT arm in Quebec at their titanium refinery, for US$6m.... yeah, just 6. They account for about 20% of global supply as a result of this.

    Another canadian producer of scandium has interval grading of 341 ppm Sc2O3 over 74.9 m. The oxide is about 1.5x heavier than Sc, so that's about 220ppm Sc.

    In contrast, we have just over half that: 32m @ 124ppm from 3m. A lot of assays outstanding though.

    Found a really good slide from Imperial Mining Group (Canadian) that compares their resource that they're hoping to take through pilot and DFS

    https://hotcopper.com.au/data/attachments/5352/5352888-79d0faa843a7e55c893068bc8ed2c7d2.jpg

    Ref: https://imperialmgp.com/site/assets/files/5302/ipg_presentation_-_may_17-23.pdf

    They are primary play Scandium with other REE. Their grades are about 1.5x the grade of what we've found in our single assay result above.

    Again... Scandium for us is a credit, not a key target.
    If there are companies out there who might get off the ground in the middle of the Canadian Arctic Circle with Sc as a primary, or there are those who are able to refine their Sc for a $6m bolt on, I rather like the Sc opportunity here
    Last edited by HeliosUK: 15/06/23
 
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