ELK CREEK PROJECT
The Elk Creek Project Technical Reports
As a result of a new design in 2019 for the underground mine at its Elk Creek Superalloy Materials Project in Nebraska, NioCorp completed and released an updated NI-43-101 Feasibility Study for the Project in April of 2019. The new Feasibility Study completed a critical milestone for the Project and further de-risks it for project financing.
The 2019 Feasibility Study shows 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.
An update to the Project’s Mineral Resources and Mineral Reserve estimate 1 also was completed in conjunction with the 2019 Feasibility Study, and it resulted 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,
The Company’s news release announcing the details of the 2019 Feasibility Study can be seen here.
The full text of the 2019 Revised Feasibility can be downloaded here.
1 See these cautions and disclaimers regarding Mineral Reserve and Mineral Resource.
Superalloy Blog Posts
As the U.S. looks to repair crumbling infrastructure systems, I expect to see more high-performance steels (HPS) used in structures like bridges because of the many powerful benefits they deliver. HPS steels containing a small amount of ferroniobium – which NioCorp plans to produce in southeast Nebraska at our Elk Creek Superalloy Materials Project once we are funded and in operation – are among the strongest and most durable steels on the market today.
If a $2 trillion U.S. infrastructure package is enacted, it could create a major, long-term demand boom for the critical minerals needed by infrastructure and advanced transportation systems, according to NioCorp’s CEO Mark Smith.
One global macro trend is highly likely to accelerate in the aftermath of COVID-19: increased investment in domestic materials supply chains as a means of reducing the reliance of Western nations on supply chains in developing nations. Asia’s dominance in many strategic supply chains has become painfully obvious since the COVID-19 pandemic erupted.
Connect with us socially!