EMC Metals Corp. (the “Company” or “EMC”) (TSX: EMC) announces
today that it has selected the engineering firm Larpro Pty Ltd, of
Brisbane, Australia, to prepare a preliminary economic assessment (PEA)
on the Company’s Nyngan Scandium Project in New South Wales (NSW),
Australia, expected to be completed in Q4, 2014.
Work on the PEA will be completed at Larpro’s offices in Brisbane,
directed by Steve Laracy, Managing Director, along with a team of
specialists with experience in hydrometallurgy specifically related to
lateritic-type resources as found at Nyngan and elsewhere in Australia.
The PEA will incorporate and be based on considerable metallurgical test
work independently prepared for EMC over the previous four years, along
with engineering, project design work and economic estimates done
previously for EMC management. The PEA will also utilize existing
environmental and detailed mine planning work done on the property,
previously incorporated in prior studies.
The subsequent objective will be to combine this baseline PEA with
additional resource work, further optimized process test work, detailed
engineering design, and refined accuracy levels, into a Feasibility
Study on the Nyngan Scandium Project, over the next 15-18 months, for
completion in late 2015.
Both the Nyngan PEA (Larpro) and the subsequent Nyngan Feasibility Study
will be commissioned and independently prepared to NI 43-101 compliant
Technical Report standards, for filing on SEDAR.
About EMC Metals
EMC is focused on developing the Nyngan Scandium Project into the
world’s first scandium-only producing mine. The Company owns a 100%
interest in both the Nyngan Scandium Project, and the adjacent
Honeybugle Scandium Property, in New South Wales, Australia, EMC’s
interest in both Nyngan and Honeybugle can potentially be reduced to 80%
in the future, based on certain current granted option rights.
The Company filed a NI 43-101 Measured and Indicated Resource on the
Nyngan Project in 2010, has completed extensive metallurgical test work
on the resource, and intends to produce and complete a Feasibility Study
on the project in late 2015. In addition, EMC owns a 100% interest in
the Tordal Scandium/REE property in southern Norway, where we continue
our exploration efforts, specifically for scandium and REE minerals.
The technical information in this news release has been reviewed by
Willem Duyvesteyn, a Qualified Person as defined by National Instrument
NI 43-101. Mr. Duyvesteyn is employed by EMC Metals Corp.
For additional information please contact:
EMC Metals Corp.
Investor Relations; (775)-233-7328 or (925)
208-1775 or info@emcmetals.com
No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information contained herein.
This press release contains forward-looking information that does
involve various risks and uncertainties regarding future events. Such
forward-looking information can include without limitation statements
regarding the short term or long term economic feasibility of scandium
production at our Nyngan scandium project, and in general, statements
based on current expectations involving a number of risks and
uncertainties and are not guarantees of future performance.
Forward-looking information in this press release is based on estimates
and opinions of management on the dates they are made and are expressly
qualified in their entirety by this notice, and by other risk factors
disclosed in our public filings. Except as required by law, EMC assumes
no obligation to update forward-looking information should circumstances
or management's estimates or opinions change.
Copyright Business Wire 2014