Niocorp Developments Ltd (NB)

[PutzMueler]

Of course they have been working on it.

We missed “as early as possible in 2023”, but it must be the amount of do-over work it needs as per Jim below

Putz Email from back in June/23

Mark Smith stated in his video update for Niobium that NioCorp is working feverishly (paraphrasing), on updating the feasibility study. But I’m not sure what that means. Is there anything you can tell me in that regard?

Jim

Producing a Feasibility Study, even one that updates a previously issued FS, is a very large undertaking. It involves a great deal of engineering and procurement work, both for the underground mine and the above-ground processing facilities, as well as many other assessments that are not directly related to the demonstration plant results. Even elements that have not changed materially since the prior technical report will typically need to be re-priced to account for inflation. Our target for completion is as soon as possible in 2023.