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Sunrise Energy Metals (ASX:SRL) announced a significant update to its Mineral Resource Estimate at the Syerston Scandium Project in NSW, Australia. The company reported a 98% increase in contained scandium metal to 19,007 tonnes at an average grade of 414 g/t using a 300 g/t cut-off. The high-grade resource saw a 161% increase to 1,155 tonnes at 665 g/t using a 600 g/t cut-off.
The update comes amid tightening scandium supply following China's export licensing restrictions implemented in April 2025. The company's Feasibility Study is scheduled for completion in late September 2025, supporting ongoing financing and offtake discussions. Over 90% of the global resource and 99% of the high-grade resource are now in Measured and Indicated categories.
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