Niocorp Developments Ltd (NB)

[chico237]

HUGE NEWS -NIOCORP'S Elk Creek Mine, Nebraska (NIOBF)- (For Comparison to the top 4 U.S. mine projects (La Paz not included**)
Owner: NIOCORP/Elk Creek Resources (NIOBF)
NioCorp’s Elk Creek Project Confirmed as the Second Largest Indicated-Or-Better Rare Earth Resource in the U.S.- "HUGE MIKE DROP!"
https://www.niocorp.com/niocorps-elk-creek-project-confirmed-as-the-second-largest-indicated-or-better-rare-earth-resource-in-the-u-s/
Mine Life (Years) 38 years
Pre-Tax Net Present Value (NPV) (8% discount) - $2,819
Pre-Tax Internal Rate of Return (IRR) - 29.2%
After-Tax NPV - $2,350
After-Tax IRR - 27.6%
After-Tax Payback Period from Production Onset (years) - 2.69 years
Averaged EBITDA Margin over RoM (EBITDA as % of total revenue) -68%
REE MINERAL RESOURCE & TREO GRADE -
Table 4: 2022 Rare Earth Content in the New Elk Creek Indicated Mineral Resources (~Note: this is only a portion of the carbonatite ore body~)
Deposit Type: Carbonatite with Bastnäsite
MEASURED - Indicated 188.8 MT
MEASURED - Inferred 108.3 MT
Praseodymium - 17.7Kt @ .0163% or 163 ppm
Neodymium - 62.2 KT @ .0575% or 575 ppm
Terbium - 1.1 KT @ .0010% or 10 ppm
Dysprosium - 4.6 KT @ .0042% 0r 42 ppm
LREO - 352.6 KT @ .3257% or 3257 ppm
HREO - 55.5 KT @ .0512% or 512 ppm
TREO - 408KT @ .3769% or 3769 ppm
Resource: Will Produce Niobium, Scandium & Titanium with viable REE's as a BYPRODUCT. Niocorp's Elk Creek Mine is "Shovel Ready" & holds all Major Permits & is one of the most advanced "Critical Mineral" projects located in Nebraska, U.S.
The Elk Creek Project is highly de-risked on multiple levels:
~It features the highest-grade primary Niobium resource in North America, and the only such resource under development in the U.S.
~It offers unique value in that it is expected to emerge as one of the world’s largest Scandium producers.
~The Project has a positive Revised 2022 Feasibility Study completed.
~All major federal permits have now been obtained.
~The Project enjoys strong local support in Nebraska.
~75% of the Project’s primary product – Ferroniobium — is already under contract over the first 10 years of production.
~Approximately 10% of the Project’s expected production of Scandium over the first 10 years of production has been placed under a commercial sales contract.
~In-principle eligibility from the German Government loan guarantee program has been secured.

BEAR LODGE RESOURCE WYOMING (REEMF): Plans to generate @$330 Million/year from REE production
https://www.rareelementresources.com/docs/default-source/pdfs/rer-corporate-presentation_june-2021.pdf?sfvrsn=2
http://www.rareelementresources.com/App_Themes/NI43-101PreFeasibilityStudyReport/HTML/files/assets/basic-html/index.html#562
Table 25.2 - Bear Lodge Financial Summary
(US$ Million)Pre-tax / After-tax NPV @ 10%
Discount Rate $426 /$330
Pre-tax / After-tax IRR 32.7% / 28.6%
Project Payback After Start-up (years)2.9
Assumed Discounted RE basket price/kg$24.60
Estimated Annual Cash Operating Cost,LOM (US$ millions)$102.6
Bear Lodge- "Pilot plant testing/needs permits, gaining fast"
Owner: Rare Element Resources (REEMF:OTC) and General Atomics
Deposit Type: Carbonatite with Bastnäsite
Resource (1.5% TREO c/o): 16.2 Million mt (M & Ind)*
In-place TREO Grade: 8.0%
In-place TREO: 1.3 Million mt
Annual TREO Production: 20,000 mt
Annual Pr Oxide Output: 1,200 mt ( 7.5% of 2025 US demand)
Annual Nd Oxide Output: 4,500 mt (11.3% of 2025 US demand)
Annual Tb Oxide Output: 30 mt ( 4.9% of 2025 US demand)
Annual Dy Oxide Output: 90 mt ( 3.2% of 2025 US demand)
Comments: - Additional inferred resource of 41 Million mt
- An advanced, partnered project located in Wyoming, U.S.
- Entering pilot plant phase with major partner General Atomic


Round Top Project, Texas (TMRC)-
http://tmrcorp.com/_resources/presentations/corporate_presentation-20201112.pdf
NPV (10% Pre-Tax)(based upon current spot Mineral pricing)=$1.56 billion
IRR (Pre-Tax) 70%
Payback Period 1.4 years
Initial Life of Mine 20 years*
Average Annual Revenue $396 million-(***NOTE @$113 MILLION is generated from REE production alone!)
Round Top -"Is Shovel Ready looking to start production 2023/4"
Owner: Texas Mineral Resources w/ USA Rare Earths Earn-In (OTCQB:TMRC)
Deposit Type: Tertiary peralkaline rhyolite intrusion
Resource: 364 Million mt (M & I)*
In-place Pr Grade: 10.3 ppm (crustal abundance 7.1 ppm)
In-place Nd Grade: 27.9 ppm (crustal abundance 26.0 ppm)
In-place Tb Grade: 3.5 ppm (crustal abundance 0.06 ppm)
In-place Dy Grade: 33.3 ppm (crustal abundance 3.5 ppm)
Annual Mine Production: 7.3 Million mt TPY (20,000 TPD leach feed)
Annual Pr Oxide Output: 70 mt (0.4% of 2025 US demand)
Annual Nd Oxide Output: 182 mt (0.4% of 2025 US demand)
Annual Tb Oxide Output: 24 mt (4.0% of 2025 US demand)
Annual Dy Oxide Output: 207 mt (7.4% of 2025 US demand)
- Advanced Project located in Texas, U.S. has low REE grades in abundance
~Partnered with USA Rare Earth going public via SPAC later this year owning 80% stake & pursuing mine to magnet strategy
- Projected as a multi-industrial minerals/metals and commodity
chemicals manufacturer, with REEs as by-products
- PEA (2019) claims project will produce 20 products:
Y, Pr, Nd, Sm, Tb, Dy, Lu, Sc and Ga Oxides; Be Hydroxide; U3O8
,Li Carbonate; Al, Fe, Mg, Mn and K Sulfates



UCORE
https://ucore.com/docs/PEA.pdf
Bokan Mountain -(years away IMHO)
Owner: Ucore Rare Metals (TSX-V: UCU, OTCQX:UURAF, FSE: U9U)
Deposit Type: Alkaline Igneous Intrusion
Resource (at 0.04 % TREO c/o): 5.8 Million mt (M & I)*
In-place TREO Grade: 0.60%
In-place TREO: 28,000 mt
Recoverable TREO: 22,500 mt
Annual TREO Production: 1,875 mt (1,500 TPD mill feed)
Annual Pr Oxide Output: 71 mt (1.2% of 2025 US demand)
Annual Nd Oxide Output: 274 mt (1.8% of 2025 US demand)
Annual Tb Oxide Output: 12 mt (5.5% of 2025 US demand)
Annual Dy Oxide Output: 83 mt (7.9% of 2025 US demand)
Comments: - Small resource; Dotson Zone geologically constrained
- Adjacent to EPA Superfund site (Uranium) located in Alaska, U.S.
- Alaska AIEDA commitment of $145 M (but only with a positive
Feasibility Study – the least advanced project)
- 2019 PR claims it will produce the REE “basket” plus Nb, Zr,
Be, Hf, TiO2
***Note: U-Core is pursuing it's Alaskan "Separation Plant" utilizing it's proprietary Rapid SX tech.


MP Materials-California
Expects to generate additonal @$250Million/year from Nd/Pr production once in operation 2023/4! (see attached)
https://s25.q4cdn.com/570172628/files/doc_presentations/2021/MP-Feb_2021_Sust_ESG_Deck-02.24.21-FINAL.pdf
Mountain Pass - Currently one of the only Producers of REE materials with Chinese "Interests!":
Owner: MP Materials - JHL Capital Group, QVT Financial LP,
Shenghe Resources Holding Co. Ltd.(9.9%)
Deposit Type: Carbonatite with 10-15% Bastnäsite
Resource (5.0% TREO C/O): 16.7 Million mt (P & P)*
In-place TREO Grade: 8.0% (Highest grade in U.S.)
In-place TREO: 1.3 Million mt (83% La and Ce)
Annual Pr Oxide Output: 927 mt (15.4% of 2025 US demand)
Annual Nd Oxide Output: 2,511 mt (16.7% of 2025 US demand)
Annual Tb Oxide Output: Very small production in past
Annual Dy Oxide Output: Very small production in past
Comments: - Currently produces only REE concentrates
- Resource is likely much, much larger than current “reserves”
- Currently produces only REE concentrates which are all
exported to China for processing to metal; plans to have U.S. based pilot plant & production in @2024

IMHO- (Had to put something up quick!)
Niocorp is now the SECOND largest KNOWN REE & Proven Mineral Resource in the United States. "IF" SEPARATION can be proven in the next few months??
Some entity/s wanted those numbers!

Form your own opinions & conclusions:

Huge "Mike Drop" moment & I like the numbers !... Congratulations Team Niocorp
NOW THAT'S A CURVE!!!!!!!!!


Chico