EDM Resources Advances Scotia Mine Towards Production: A Progress Update

EDM Resources Inc. (TSX-V: EDM; FSE: P3Z) ("EDM" or the "Company") has provided an update on the progress of the Scotia Mine project, highlighting key developments and milestones achieved in its quest to commence commercial production. The Company's President and CEO, Mark Haywood, expressed his satisfaction with the ongoing progress, emphasizing the completion of ore sample separation trials using a Dense Media Separation (DMS) pilot plant at a SGS Laboratory in Ontario.

The DMS study, commissioned in May 2024, aimed to determine the viability of utilizing DMS equipment at the Scotia Mine to increase feed head grades during mineral processing. The study involved two trials using Scotia Mine ore samples: a high-grade sample and a blended batch sample representative of typical ore zones. The results of the high-grade sample DMS Study are expected to be available next week, while the results of the Blended Sample DMS Study will be provided in due course.

The potential benefits of adding DMS equipment to the Scotia Mine project include:

1. Reducing the amount of material processed in the mill and elevating feed head grades, which could lead to lower operating costs per pound of zinc and lead produced.
2. Lowering the overall operating cost of the mine, as DMS equipment is designed to efficiently separate waste rock from mineralized rock, reducing the need for downstream processing.
3. Decreasing the quantity of tailings produced, which could help minimize environmental impact and potentially reduce regulatory and permitting hurdles.



In addition to the DMS study, EDM has received authorization from the Nova Scotia Minister of Environment and Climate Change for a date extension request for the Environmental Assessment Approval for the Southwest Expansion Project. The extension has been granted for work commencement on the Southwest Expansion Pit by September 9, 2026, allowing EDM to mine the full extent of the Stage 1 pit when in production. This extension is crucial for the mine's timeline and production plans, as it enables EDM to fully utilize the resources available in the Stage 1 pit and maintain its target of commencing mining in Q3 2023 and processing in Q4 2023, with the aim of declaring commercial production at the end of Q4 2023.



EDM's ongoing engagement with First Nation Stakeholders and the community near the Scotia Mine is also crucial for obtaining and maintaining a social license, which is essential for the project's long-term success. This engagement involves various initiatives, such as outreach and engagement with First Nation Stakeholders in Nova Scotia, the establishment of a Community Liaison Committee, and the hosting of an Open Day Event at the mine. By addressing community concerns, incorporating their feedback, and maintaining open communication, EDM can build trust and support within the community, contributing to the project's social license.

In conclusion, EDM Resources Inc. has made significant progress in advancing the Scotia Mine project towards production. The completion of the DMS study, the environmental assessment approval extension, and the ongoing engagement with First Nation Stakeholders and the local community demonstrate the Company's commitment to responsible mining practices and a sustainable future. As the Company continues to work towards its production goals, investors can expect to see further updates on the progress of the Scotia Mine project.