What does the news mean?Looking at the present drill results,
https://www.doubleview.ca/scandium-2022-04-26-news/, HAT averages 28g/t Sc. With a 56% recovery we get 15.68 g as a
phospate(NOT the much less expensive ScO3 or oxide) with a price of $35/g US for phosphate. The method of recovery/metallurgy is a very important factor....... "
sequential purification process has recovered 56% (fifty six percent) of scandium in tailings from its Hat Copper, Gold, Cobalt property. Scandium was recovered as a phosphate precipitate by treating flotation tailings extraction solution from metallurgical test work on Hat mineralization " Read the NR again.
For each ton of ore/earth we get a recovery of 15.68g of Scandium Phosphate @ $35/g = $548.80 US/ton just from Scandium at HAT. Hello everyone out there, do you know what this means?
For a 350M ton pit = 350M @ $548.80 = $192B US. That is like 100M ounces of GOLD!
It is important to FULLY understand the following from the NR.
"Earlier scandium extraction test work aimed at the recovery of scandium from Hat deposit flotation tailings demonstrated that it was possible to extract 90% of scandium to solution by employing a sulphate leach at elevated temperatures. Test work has now moved into the scandium recovery-optimization phase, with sequential purification for the removal of iron and aluminium followed by precipitation of scandium as a phosphate product. Although 56% (fifty six percent) of scandium was recovered to a phosphate precipitate at the first attempt, test work to improve recovery and purity is continuing, including sequential purification, precipitate washing, phosphate purity, and recovery."
Would you rather have 90% @ $2/g or 56% @ $35/g ?