Niocorp Developments Ltd (NB)

[Middleborder]

A.O. L3 and NioCorp have a limited amount of core sample material (2,200 pounds?) so they are probably planned this out with 5 or 6 processing runs with analysis in between to see which produces the best results.

Given that all of Scott's later design planning is dependent on the results they want to get it right. My guess is that they are 3 or 4 runs along, that they have preliminary results. Hoping for some status announcement of those results tomorrow (Unless they update the status at the REE conference in LV next week. )


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https://www.niocorp.com/niocorps-demonstration-plant-begins-testing-process-improvements-and-rare-earth-recovery-operations/

September 6, 2022 —

"The demonstration plant will process Elk Creek ore samples in three phases. Testing is expected to be completed over the next several weeks. NioCorp expects to publicly disclose testing results after each operational phase concludes.": ...Snip....

"Honan added that once operations have concluded and data analyzed, work can then turn to the design and engineering of the new process flow sheet, which in turn is expected to be incorporated into an updated Elk Creek Project Feasibility Study that incorporates an economic analysis of separated rare earth oxide products and the simplified process flow sheet."