Nyngan Cobalt-Scandium-Nickel Royalty

Asset Overview

Nyngan Scandium Project Highlights

• World's first scandium-only mine development project
• NI 43-101 measured and indicated resource
• Minerals exploration at the site has defined a measured and indicated resource significantly larger (7X) than the currently planned 20 year mine life outlined in the feasibility study
• Excellent local infrastructure with nearby water, rail, power, roads and workforce
• Production targeted for approximately 38,000 kg per year of scandium oxide. (Sc₂O₃)
• Flowsheet design complete, conventional technology, supported by 3rd party test work
• Definitive feasibility study completed
• All required governmental approvals to proceed have been received

Royalty Highlights

• Life-of-Mine 1.7% Gross Revenue Royalty (“GRR”)
• Flemington & Nyngan royalties acquired for US$4.5 Mil, comprised of US$1.5 Mil in cash & US$3.0 Mil in common shares

Project Overview

Nyngan Scandium Project |Scandium International Mining Corporation