Wednesday, February 25, 2015 9:52:00 AM
Here is the "full report" to save every someone email spam (they require you provide your email address to access this indepth piece.
NioCorp Developments Ltd. ORTQX: NOIBF) FULL REPORT
NioCorp announced an updated NI43-101 resource estimate for the Elk Creek niobium deposit. This announcement supplements the announcement of February 9, 2015.
Commencing in May 2014 and finishing in December 2014, the Company completed an 18-hole, three-phase infill drilling program. In those 18 holes, 15,381 meters of drilling was completed. This drilling program has provided data to support the updated resource estimate for the Deposit presented below, and has also provided important information on the hydrology, metallurgy, geochemistry and geotechnical properties of the Elk Creek resource. The drilling has also established that the Deposit remains open at depth, as well as to the northwest and southeast.
SRK Consulting (“SRK”) of Lakewood, Colorado and Cardiff, UK has completed an updated Mineral Resource estimate according to CIM Standards. As a result of positive indications from the company’s ongoing metallurgical testing and development program, titanium (TiO2) and scandium (Sc) have been added to the Mineral Resource Statement. Both of these metals can be recovered with simple additions to the existing process flow sheet, and would provide additional revenue streams that would complement the planned production of ferroniobium. The company is currently assessing these prospective revenue contributions, and plans to announce the results of a Preliminary Economic Assessment for the project shortly.
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