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Metallica Minerals: Sconi Scandium Project Positive Pre-Feasibility Study

Metallica Minerals Ltd (ASX: MLM), announce the positive results of its PFS for the 100% owned SCONI Phase 1 scandium project ideally located within the historic Greenvale nickel mine area, north west of Townsville in Queensland, Australia


  • PFS demonstrates SCONI Phase 1 (100% owned) is an economically and technically viable project with considerable upside
  • The project will produce scandium oxide (“scandia”) at >99.9% purity
  • Project has attractive economics, with an NPV of $273M (8% discount rate, pre-tax, 100% equity, real terms) and a 20.6% IRR (pre-tax)
  • Total capital cost is $247 million (including 20% contingency)
  • Project ideally located with access to roads, water, power, ports, and the existing regional industrial hub of Townsville (see Figure 2 & 3)
  • The PFS estimates average production of 51 tpa of scandia over a 20 year period, delivering a long project life and reliable supply
  • „Simplified scandium only flowsheet requiring no initial acid plant or power plant
  • Scandia production to supply a portion of Bloom Energy’s requirements under the Heads of Agreement, and expected demand from other solid oxide fuel cell and aluminium alloy customers

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