Source: Internal EY Market Study used in the Company 2022 Preliminary economic assessment<\/figcaption><\/figure>\nCrater Lake \u2013 a unique mining opportunity in Quebec<\/h3>\n The Company’s Crater Lake project is located in Quebec, about 200 km north of the town of Schefferville. The project has significant blue sky potential both in the amount of scandium oxide that can be produced as well as the life of mine.<\/p>\n
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A preliminary economic assessment (PEA) on the project was released in 2022, a 43-101 resource estimate update was filed in June 2023 and work to complete a pre-feasibility study is currently underway.<\/p>\n
The current life of the mine is 25 years; however, this is based on the resource estimate from half of only one of the multiple target zones. The project’s full strike zone is 14km in length.<\/p>\n
The potential for significant growth in the project capacity is untested, as there are multiple additional zones to drill. The Company feels it has barely scratched the surface of the project’s full potential.<\/p>\n
Currently, the resource is open in all directions and at depths where it thickens and gets richer in concentration. The Company will run an in-fill drilling programme for the summer 2024 season to convert inferred resources to measured and indicated in the TG Zone.<\/p>\n
Relationship with First Nations<\/h3>\n The Corporation is aware of and adheres to the principles of the United Nations Declaration on the Rights of Indigenous Peoples <\/em>as recently ratified by Canada, particularly with regards to obtaining the free, prior, and informed consent of the Indigenous peoples for the development and use of their lands, territories, and other resources;<\/p>\nScandium Canada recently signed a Pre-Development agreement with the Naskapi Nation of Kawawachikamach to establish a framework, through various undertakings, to continue the current relationship in a mutually beneficial manner with regard to the Corporation’s activities on the Crater Lake property.<\/p>\n
Furthermore, in the spirit of current and future cooperation, the Corporation and the Naskapi Nation of Kawawachikamach have negotiated that Pre-Development Agreement to be a binding declaration of the principles they intend to build on for the negotiations of a final agreement \u2013 a Socio-Economic Participation Agreement (SEPA), also commonly known as an Impact and Benefit Agreement (IBA) for the Property \u2013 at the earliest reasonable opportunity and before the commencement of any Construction Works.<\/p>\n
Upcoming catalysts<\/h3>\n For 2024, Scandium Canada’s primary focus will be the Pre-Feasibility Study (PFS) and activities supporting PFS completion. These include geotechnical work, in-fill drilling and metallurgical pilot tests.<\/p>\n
We think you should keep following Scandium Canada as it progresses through its development milestones.<\/p>\n","protected":false},"excerpt":{"rendered":"
Discover how Scandium Canada is pioneering stable global suply chains for scandium through the company’s flagship Crater Lake Project.<\/p>\n","protected":false},"author":15,"featured_media":46410,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"partner_category":[2],"partner_tag":[24345,24225,24375,24316],"acf":[],"yoast_head":"\n
Scandium Canada: Shaping a sustainable future with Crater Lake<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n\t \n