Niocorp Developments Ltd (NB)

[Revello]

Avg grade of Scandium for NIOBF's Elk Creek project is ~72 ppm.

I don't know what the estimated amount of scandium is for the Jeddo Coal pilot project. It may be as Todd pointed out that, in the end, it's just not economically feasible due to the lack of total amount of scandium to justify the added cost of trying to recover the rare earth minerals, to include scandium, from coal and coal by-products and possibly from the overburden.

However, the notion of possibly recovering rare earth minerals from coal/coal by-products appears to be interesting enough for Dept of Energy to invest nearly $23 million USD for 4 pilot projects/efforts, and for the Secretary of Energy (and local Congressional reps) to visit the sites touting their interest, and to have a block of presentations at a Dept of Energy-sponsored conference on rare earth minerals. See conference sessions agenda -- "Rare Earth Elements" at the end of the web page at the following link, and you can open the presentations:

[url]https://www.netl.doe.gov/events/conference-proceedings/2017/2017-project-review-meeting-for-crosscutting-research-gasification-systems-and-rare-earth-elements-research-portfolios

Given the Administration's support for the coal mining industry/employment, and with the potential to establish a domestic supply for rare earth minerals, I can see more Govt-funded efforts to back technological development for an economically feasible way to extract rare earth minerals at coal mining sites.

As to Landmark's point on what's the relevance of this. Knowing about and keeping track of potential alternative supplies of scandium can affect NIOBF's price (either pps, or future market price for scandium). But Landmark said the Dept of Energy initiative has already been talked to death on this Board and that bringing it up again is flogging a dead horse, so this will be my last post on the Dept of Energy's project.