IPG - Ensuring the supply for scandium-aluminium alloysScandium (Sc) is a relatively obscure element that has much future potential, as when it is alloyed with aluminium to make very high strength and lightweight alloy, it will have many potential new applications. Scandium-aluminium alloys are expected to meet 40% of defence and 60% of civilian needs for alloys in the future
Imperial Mining now well-positioned to create a new supply of scandium oxide from their Crater Lake resource, which now exceeds 20 million tonnes, and with the June 2022 release of its positive Preliminary Economic Assessment (PEA) the 100% owned Crater Lake Project, IPG is well positioned to create a new supply of scandium oxide at a reasonable price. Scandium oxide is modelled conservatively at US$1,500/kg based on a 61% discount to the US Geological Survey (USGS) 5-year trailing average. Scandium-aluminium master alloy is modelled at $204.00/kg, which is a 40% discount on the USGS 5-year trailing average. Using these conservative price assumptions, the project NPV is just under CA$3 billion at a 10% discount rate with an IRR (after-tax) of 32.8%. The initial CAPEX is projected at CA$870.9 million with a payback of 2.5 years.
https://www.innovationnewsnetwork.com/scandium-aluminium-alloys-crater-lake/25122/