Announcement Date: 2022-06-28
Announcement Type: Feasibility Study
Announcement Code: NI43-101
Company name: NioCorp Developments Ltd.
Project name: Elk Creek
Location: United States
Commodities: Niobium,Titanium,Scandium
Highlight: Feasibility Study results incl. post-tax NPV (8%) of US$2.35M & IRR of 27.6%
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: NioCorp Developments Ltd. (NioCorp or the Company) is a U.S.-based mineral development company focused on developing several critical minerals from the proposed Elk Creek, Nebraska Critical Minerals Mine. NioCorp plans to produce three commercial mineral products — niobium, scandium, and titanium – from a single ore body that is also enriched in all of the rare earth elements. All three of the Project’s proposed superalloy metals have been designed as “Critical Minerals” by the U.S. Government, as have the rare earth elements. NioCorp is a publicly traded company that is listed on both the Toronto Stock Exchange under the ticker symbol “NB” and on the U.S.-based OTCQX exchange under the symbol “NIOBF.” Shares are also traded on the Frankfurt Exchange, under the ticker symbol “BR3.” This Feasibility-level Technical Report (Report) for the Elk Creek Project (Elk Creek or the Project) located in southeast Nebraska was prepared for NioCorp in accordance with Canadian National Instrument 43-101 (NI 43-101) by Dahrouge Geological Consulting Ltd. (Dahrouge), Understood Mineral Resources Ltd. (Understood), Optimize Group (Optimize), Cementation, Tetra Tech, SRK Consulting (SRK), Adrian Brown Consultants Inc. (ABC), Metallurgy Concept Solutions (MCS), Magemi Mining Inc. (Magemi), L3 Process Development (L3), BBE Consulting (BBE) and CDM Smith (CDM). 1.1 Principal Outcomes The 2022 Technical Report is based on an assumption of processing 36,656 kilotonnes (kt) of ore over a 38-year life of mine (LOM) to produce 171,140 tonnes (t) of Nb in the form of ferroniobium, 3,676 tonnes of Sc2O3 and 431,793
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