Honeybugle Scandium Project

  • Location - New South Wales (NSW), Australia
  • 100% Owned by SCY (EMC Australia).
  • Adjacent to Nyngan Project, well positioned for potential Nyngan expansions.
  • Drill results similar to Nyngan property.

Highlights - Honeybugle Scandium Project

Property Resource.  No resource established.  SCY holds a 100% interest in an exploration license (EL 7977), encompassing 34.7 square kilometers, approximately 24 km WSW of the Nyngan project.

Property Description.  The tenement contains lateritic material common to the region, and was previously identified by groups exploring for platinum, nickel and cobalt in the 1980's. Previous license holders did detect anomalous scandium values, which were of little interest at that time.  SCY secured 100% exploration rights to the property in 2012, with no royalties, encumbrances or associated surface rights. The property is located in semi-arid wheat farming country, routinely planted.

Drill Program History.  The property includes four (4) distinct magnetic anomalies: Seaford, Woodlong, Yarran Park and Mallee Valley. The initial 13-hole drill program (2014) on Seaford, generated an average 270ppm scandium grade (with 175ppm  c/o), an average 21m intercept, and near surface mineralization.  Detail results of the April 2014 drilling program are presented in our Technical Reports section. Click here for quick link.

Property Status.  This property will be held as supplemental resource to the Nyngan Scandium Project.  The Company intends to maintain existing exploration licenses and pursue improved understanding of the resource potential for the property as part of the required work programs under EL 7977.

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