More NSW mine jobs at Nyngan scandium project
EMC Metals Australia will develop the Nyngan scandium project in New South Wales which is run by Brisbane-based Lycopodium Minerals, has just signed an engineering, procurement and construction management (EPCM).
$110 million mine to be built
Lycopodium Minerals was given the lion’s share of the services, which includes the project management, management, procurement services, contracting services, construction management, engineering design and of course commissioning.
The project is a world first scandium-only mine to be built. In size it covers about 2,925 hectares and is situated about 500 km north-west of Sydney.
- World’s first scandium-only mine development project
- 2,925 hectare property approximately 500 km NW of Sydney, Australia
- Australia is a mining-friendly, politically and economically stable jurisdiction
- NI 43-101 measured and indicated scandium resource
- Excellent local infrastructure with nearby water, rail, power and workforce
- Easy access: 3 km from all-weather sealed road, 25 km from local town
- Production targeted for 2017 at approximately 38,000 kg per year of scandium oxide (scandia) (Sc2O3) 1
- Single product resource significantly reduces the cost of scandium extraction
Surface mining at the proposed Nyngan site is expected to be carried out by conventional truck and shovel. The mining resource lies about 15 metres below the surface, with the next 50 metres giving access to the scandium. It’s expected that there will be a partial-year mining schedule during the dry summer season (contractor campaign mining).
“This contract allows technical and management continuity from the Project Feasibility Study through the engineering and construction phase, and into commissioning and ramp up,” said George Putnam, CEO of Scandium International Mining Corp, EMC Metal’s parent company.
“We know this engineering team, we work well with them, and they know our project. This represents a major de-risking of the project through construction and into operation.”
Rod Leonard, managing director of Lycopodium Minerals, said he is looking forward to the new project kicking off and the prospect of local jobs for the region.
Knight Piesold Consulting, based in Brisbane, will also perform water, earthworks, and tailings systems engineering and design.
If you’re looking for mining jobs in NSW, then this is a good project to follow for the future. Do your research and find out more about Lycopodium Minerals via their Lycopodium Minerals website.
Lycopodium is an Australian-based engineering and project management consultancy providing range of services for the evaluation, development, implementation and optimisation of projects across many industries. (rail, mining, metallurgical, infrastructure etc). They have projects in base metals, precious metals, iron ore and other commodities.
Iron ore mining projects
The property consists of two exploration licenses (part of EL 6009 and all of EL 6096). The property encompasses 2,925 hectares and is accessible via a 25 km sealed road from the local town of Nyngan.
Hope Downs North, Hope Down South, Cloudbreak (Fortescue Metals Group), Roy Hill, Murandaroo. Working with clients such as Rio Tinto Iron Ore and Hancock (Gina Reinhart). See some of the iron ore mining projects Lycopodium Minerals have worked on
Listed on the Australian Stock Exchange in 2004, Lycopodium has grown organically and by strategic acquisition, both of which have provided an expanding client base and access to new market sectors.
Find out more about Lycopodium Minerals on the Australian Stock Exchange. This is a good place to discover detailed information about the company, what projects it has underway, future plans and who is driving the company forward.
Being a listed company, means you also get access to their complete financial records – again, this is another way to find out detailed information on the stability and future risk of the company in terms of investment and of course – long-term jobs.
About Scandium International Mining Corp (mine developers)
EASIBILITY STUDY HIGHLIGHTS:
- Capital cost estimate for the Project is US$87.1 million,
- Operating cost estimate for the Project is US$557/kg scandium oxide,
- Oxide product volume averages 37,690 kg per year, over 20 years,
- Project Constant Dollar NPV10% is US$177 million, (NPV8% is US$225 million),
- Project Constant Dollar IRR is 33.1%,
- Oxide product grades of 98-99.9%, as based on customer requirements,
- Project resource increases by 40% to 16.9 million tonnes, grading 235ppm Sc, at a 100ppm cut-off in the measured and indicated categories, and
- Project Reserve totalling 1.43 million tonnes, grading 409ppm Sc was established on part of the resource.