ELK CREEK PROJECT

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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.

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