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Design|Energy|PROJECT|Surface|Technology|transport
design|energy|project|surface|technology|transport

Study shows good case for Clean Teq scandium project

30th August 2016

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

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JOHANNESBURG (miningweekly.com) – A recently completed feasibility study at Clean TeQ Holdings’ Syerston scandium project, in New South Wales, has shown that the mine will have an average production of 49.2 t/y scandium oxide (Sc2O3) after an 18-month ramp-up, over an initial 20-year mine life.

Based on a long-term Sc2O3 price of $1 500/kg, the project is set to deliver a post-tax net profit value of A$273-million and 33% post-tax internal rate of return.

Further, the study has estimate capital expenditure to be A$100-million, which includes A$4.47-million contingency.

Clean TeQ reported that it had already entered offtake discussions in global transport and energy sectors for the Sc2O3.

The study was based on a processing plant with designed capacity of 64 000 t/y of ore feed from Syerston’s near-surface resource. The processing plant consists of a high-pressure acid leach circuit, followed by Clean TeQ’s proprietary resin-in-pulp technology for scandium recovery, followed by purification.

The 18-month commissioning and ramp-up period has been allowed with design throughput and production capacity forecast to be achieved in the second year of the mine life.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

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