Scandium International Mining Corp (SCY)

[BL4Nio]

Great news! They got the "Ministerial Development Consent for it's Nyngan Scandium Project, in New South Wales Australia, as awarded by the NSW Minister of Planning, in Sydney, Australia."

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=126456995


"This Development Consent represents an approval to develop the Nyngan Scandium Project and is based on an Environmental Impact Statement (“EIS”) which was submitted in support of mine development by the Company in May 2016. The Development Consent follows an in-depth review of the EIS, the project plan, community impact studies, public EIS exhibition and commentary, and economic viability, and involved more than 12 specialized governmental agencies and groups."

George Putnam, CEO of Scandium International Mining Corp. commented:

"Receipt of this Development Consent from the NSW government represents a significant milestone for our Nyngan Scandium Project. This key governmental approval was achieved in a short 6 month timeframe, and speaks well of the project, the team that assembled the submission, and the many local community and governmental regulatory interests who inspected, reviewed, and supported this mine development.

This critical gating approval feeds directly into the process for granting of a mining lease, which is the remaining significant governmental clearance we need to begin mine and plant construction next year. We remain on our target timetable to have all final State approvals for mine development by year end 2016."