Scandium International Mining Corp.  announced the results of its recently completed air core drilling campaign at its Honeybugle property in New South Wales (NSW), Australia. The drilling program consisted of 32 drillholes in an approximately 300 x 400 meter area as a follow up to previous scout drilling programs completed during 2016 and 2018. The laterite mineralization, consisting of both hematite and limonite, lies less than 2 meters below the surface.

The laterite zone appears to thicken to both the west and south. The scandium grades are reasonably consistent within the central portion of the laterite at >300ppm Sc. The underlying saprolite zone is considerably thinner but contains reasonable grades of scandium (>200ppm Sc).

Additional metallurgical testing is required on the saprolite mineralization to determine suitability for potential economic extraction. Laterite Zone Assay Intervals at Woodlong: Holes EHAC076 – 107 were drilled as part of the 2023 program. EL7977 HONEYBUGLE: The Company’s Honeybugle tenement, EL7977, contains areas of lateritic material common to the region and is situated 24 kilometers south of EMC’s Nyngan Scandium Project area.

The property itself is located in semi-arid broad-acre wheat farming country and is routinely planted. Farming is the largest industry in the area, although other mining activity is evident, past and present. The tenement encompasses 34.7 square kilometers, and includes four prospects identified by distinct magnetic anomalies that reflect underlying mafic to ultramafic bedrock: Seaford, Woodlong, Yarran Park and Mallee Valley.

These prospects were tested by companies exploring principally for platinum, nickel and cobalt during the 1980s, but scandium was of little interest at that time. Surface soil and rock chip sampling conducted by previous explorers and the Company detected anomalous scandium values (20-30 ppm Sc) on each of the four prospects.