Niocorp Developments Ltd (NB): A scoping study is akin to PEA. They bet...

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Niocorp Developments Ltd (NB)

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Re: The_Gman post# 112386

Monday, 05/20/2024 4:52:52 PM

Monday, May 20, 2024 4:52:52 PM

A scoping study is akin to PEA. They better have something a lot better than that to avoid loan default.

“It should be noted that this scoping study was restricted to initial mine design, cost modelling, and scheduling. There has been no work completed on portal boxcut geotechnical, updated mine electrical distribution system, or modification to surface ventilation infrastructure. All assumptions utilized industry standards and best engineering judgment. NioCorp would require more study work to determine if this approach would be beneficial for the Company, but initial findings are positive.”

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