This one has finally come out of hibernation thanks to developments with the US.

Robert Friedland pulling the strings behind the scenes with DFS expected in early 2026.

Worth checking out some of the announcements from this week:

Quarterly

Lockheed Martin Corporation secures up to 25% of Syerston scandium production over first five years 

US EXIM Bank refreshes its funding support for the Syerston Scandium Project

Highlights:

• Significant increase in the Syerston Mineral Resource Estimate (MRE) following the April/May 2025 step-out drill campaign at the Syerston Scandium Project1 , which now comprises:

• A global Resource of 19,007 tonnes of contained scandium (at a 300 g/t Sc grade cut-off) at an average grade of 414 g/t Sc (a 98% increase in contained metal, with over 90% of the global resource now in the Measured and Indicated categories)
• A high-grade resource of 1,155 tonnes of contained scandium (at a 600 g/t Sc grade cut-off) at an average grade of 665 g/t Sc (a 161% increase in contained metal, with over 99% of the high-grade resource now in the Measured and Indicated categories)
• High-grade mineralisation extends from surface to a shallow depth of 35 metres, providing options for expandable, low-cost mining and rapid development

• Updated Syerston Ore Reserve Estimate (ORE) increases by 87%, supports a 32-year project mine life producing c. 60 tonnes per annum of scandium oxide (Sc2O3)2

• Letter of Interest (LOI) received from the Export-Import Bank of the United States (EXIM) for up to US$67 million in financing support for Syerston3 , an amount representing more than half the estimated development cost for the Project:

• U.S. Government support highlights the strategic importance of rare earth materials and heavy magnets to its industrial and defence-related supply chains.