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The Lucknow Measured, Indicated and Inferred scandium resource now stands at 6.24Mt @ 169 g/t Sc with a higher grade zone comprising 4.12Mt @ 206 g/t Sc using a 120g/t Sc COG, containing over 1.2 million Kg of
scandium oxide. Within the Lucknow scandium resource, there is a lower iron portion of 1Mt at 206 g/t Sc at 18% Fe.
Metallurgical test work has shown that in addition to nickel and cobalt, excellent extractions of scandium, being around 90% and there is excellent potential to produce
scandium oxide as a valuable by product.Mining LeaseThe 36 sq km Kokomo Mining Lease has been approved for grant by the Land Court pending successful agreements for compensation with the landowners and the Native Title parties.