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NioCorp Developments Ltd.
Summary
| Project: | Elk Creek | |
|---|---|---|
| Deposit: | Elk Creek | |
| Location: | United States | |
| Commodities: | Niobium-Titanium-Scandium | |
| Date: | 4/16/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-4-2019: NioCorp Developments Ltd. announces a Feasibility Study report for its Elk Creek deposit at the Elk Creek project. Updated FS results incl. pre-tax NPV of US $2564M (8%), IRR of 25.8%, 36yr LOM at the project. CENTENNIAL, Colo. (April 16, 2019) | |
| Resources: | (Reserve, Prob.) 36313Kt @ 0.81% Nb2O5, 2.86% TiO2, 65.7g/t Sc at Elk Creek | |
| CP/QP: | [Resources]: Glen Kuntz (Nordmin Engineering Ltd.) | |
| ABSTRACT: | CENTENNIAL, Colo. (April 16, 2019) – NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB; OTCQX: NIOBF) today released the details of a new design for the underground mine at its Elk Creek Superalloy Materials Project (the “Project”) in southeast Nebraska, as well as the results of an updated NI43-101 Feasibility Study (“2019 FS”). This work completes a critical milestone and further de-risks the Project for project financing. The 2019 FS update is expected to deliver higher Net Present Value (“NPV”), stronger investment returns, accelerated cash flows, a longer mine life, higher production of all of NioCorp’s planned products in the first 10 years of operation, and a further reduction in execution risk and environmental impacts as compared to the previous project Feasibility Study, which was completed in 2017 (“2017 FS”). An update to the Project’s Mineral Resources and Mineral Reserve estimate1 also was completed, which results in the following: Probable Mineral Reserve tonnage is expanded by 14.7%; tonnage in the Indicated Mineral Resources category is higher by 101.5%; and contained Niobium, Scandium and Titanium in the Indicated Mineral Resources category are higher by 63.9%, 67,4%, and 67.6%, respectively, | |
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