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
The more we mine and manufacture our own critical minerals and materials, the more secure our collective economic and national security will be. But there is another compelling driver behind the resurgence of interest in critical minerals mining and manufacturing: high-tech jobs and economic growth for states and localities.
Environmental, social, and governance (ESG) factors play a major role in any business, particularly those involved in natural resource development. Doing right by the environment while we serve the needs of our customers, and serving our society’s need for critical minerals, are central to the mission of the NioCorp team.
The technology and market fundamentals of ferroniobium, a critical and strategic material vital to many defense and civilian applications, are increasingly compelling to producers, consumers, and government policymakers. The fundamentals of ferroniobium coalesce to form an exciting and robust future for this critical material.
Connect with us socially!