Scandium Canada (TSX-V:SCD) has delivered a 38% resource increase to the TG Zone located within the Crater Lake Project in Québec, Canada.
The TG Zone’s new resource in the indicated category totals 16.3 million tonnes @ 277.9 grams per tonne scandium oxide and an inferred resource of 20.9 million tonnes @ 271.7g/t scandium oxide.
In conjunction with the 38% increase, the inferred category represents a 31% increase in total scandium tonnage, from the 2023 resource of 15.9 million tonnes @ 268.4g/t scandium oxide.
CEO Guy Bourassa says this work is considered positive as the company advances work to complete a Prefeasibility Study on Crater Lake.
“The next step in the project is the release of the results of the 500kg metallurgical pilot recently completed at SGS Lakefield facility,” Bourassa says.
“We continue to have discussions with potential strategic investors as well as offtakers of scandium, aluminium-scandium alloys and rare earth elements and are pleased with the interest we are getting.”
Scandium Canada notes the 2024 drilling campaign confirmed the TG Zone should be considered and worked as a “unique” deposit extending the area by over 250m to the south.
Mineralisation remains open laterally and at depth, demonstrating the potential to increase the resource with additional drilling.
The Crater Lake Project, located 200km northeast of Schefferville, Québec, consists of 96 contiguous claims covering 47km2.
Scandium Canada is a mineral explorer focused on critical minerals, particularly scandium. The company aims to bring its project into production, enabling the development and commercialisation of aluminium-scandium alloys to meet the needs of the modern industry.
Write to Aaliyah Rogan at Mining.com.au
Images: Scandium Canada
