Niocorp Developments Ltd (NB)

[RJPETE7]

I've read the PEA2 several times and it looks like we're waiting to see if we need an Environmental Assessment vs an Environ. Impact Statement.

Pages 247-265

http://niocorp.com/images/ElkCreek_NI43-101_PEA-Updated_241900.030_026_20151016.pdf


The longer more bureaucratic version would be the second EIS, which says 3-5 years to complete. The EA takes 12mos to which all that work and planning should be done as far as I know. My understanding is the Corps of Engineers gives the word on whether the EA or EIS "permit" is needed.

NioCorp appears to have done all in their power to avoid needing an EIS being completed. Their plans all structure around avoiding waterways, wetlands, etc... While at the same time putting plans in place to mitigate and replace any environmental disturbances. Outside engineering firms were used to consult and assist making sure environmental issues were properly addressed.

My reading of it leads me to think the dewatering of the mine, holding ponds, and the 30mile-ish pipeline needed to empty into the Missouri River are the biggest concerns...

If anyone has more clarification - please chime in!

"Permitting" is one of my biggest worries. Anyone from the Omaha area should remember how badly the Corps of Engineers got hammered/blamed after the flooding of the Missouri from Gavin's Point south.

*I'm not a professional in any of these fields - just a guy who has read the material over and over...