Niocorp Developments Ltd (NB)

[Trofee]

Quaterly report September quarter outlook, saying that the bfs only takes 2 years or two more years....

The JV with Australian Mines over the SCONI project delivers on Metallica’s commitment to create value from non–core assets. It preserves Metallica’s significant past investment, whilst maintaining an exposure to the continued upside from the development of the SCONI project. The project is being rapidly progressed by Australian Mines which has commenced a Definitive Feasibility Study 478 Ha Mineral development licenses (DFS), targeted for completion within 2 years. Australian Mines has also commenced construction of a demonstration-size HPAL + SX plant6 in Perth to produce off-take samples of cobalt sulphate, nickel sulphate and scandium oxide to progress negotiations with potential customers. The plant is designed to process over 15 tonnes of ore per week, delivering up to 67 kg of cobalt sulphate, 500 kg of nickel sulphate and 8 kg of scandium oxide. Five Exploration for Minerals Permits (EPMs) have been applied for and if granted will increase the SCONI project area by 10 times7. The increased project area will provide a buffer around the existing mining leases and increase the area for future exploration.