Niocorp Developments Ltd (NB): This was Metallica Minerals SCONI projec...

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Re: arroneous post# 27686

Thursday, 08/17/2017 3:59:42 PM

Thursday, August 17, 2017 3:59:42 PM

This was Metallica Minerals SCONI project, which Australian Mines now owns. They still plan to produce 90t, but have just started a BFS which likely won't be complete for a couple years. This project is adjacent to CleanTEQs and geologically very similar.

The agreement was for 30t - 60t, but that was five years ago. I was under the impression the agreement simply expired due to lack of progress but have not been able to find any details on that except for the confirmation that it was not valid as of the end of 2016.

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