Niocorp Developments Ltd (NB)

[chico237]

Sharing some NEW PHOTOS of the ongoing Drill Program at the Elk Creek site! (From Scott Honan & Mr N!)

Scott Honan: "Drill rig setup and ready to go last Tuesday morning. The rig was brand new - straight from the factory." (Below)

Scott Honan: "The attached photo below shows the bottom of the glacial till (top right) where it contacts the limestone. This was the first core drilled in the current program."

Scott Honan: "A nice fossil in the limestone at Elk Creek." (Below)

Scott Honan: "This core shows the contact between the limestone and the carbonatite. The dark brown in the lower right is the start of the carbonatite." (Below)

Scott Honan: "Some nice mineral specimens from carbonatite drilled last night. The brown blades are calcite, the gold cubes are pyrite and the small blackish crystals are fluorite." (Below)

At a Depth of 247.19 Meters or 811 Feet (Core Sample)



The LAB core testing process usually takes on average (6 months) for any project minimum. Niocorp has already proven all of the Hydrometallurgy & it's proprietary separation process with L3! The current drilling program is to add to the mineral resource "Proven & Probable Reserves" moving forward, with additional testing to be done.

Testing borehole core samples & current drill program at the Elk Creek Mine will enhance the mines "Proven & Probable Reserves" & benefit all shareholders. It is an indispensable practice in the field of mineral exploration. This crucial step holds immense significance for several compelling reasons:

The lithology includes the classification of the rock as well as a description of its physical qualities, such as its kind, texture, colour, and features. Research involves identifying and quantifying the rock’s minerals and their proportions. X-Ray Fluorescence (XRF) and Fourier Transform Infra-Red (FTIR) can achieve this.

A structural analysis Oriented drill core or downhole geophysical investigations can locate and define minerals and rock structures in an ore deposit. Mineral alteration mapping Hyperspectral imaging or geochemical testing can achieve this. Ore bodies with alteration minerals (clay, carbonate, silica, sulphide) show chemical changes from hydrothermal fluids or weathering. Do hyperspectral or geochemical tests.

The analysis of borehole core samples can help geologists and mining engineers to determine the size, shape, and mineral composition of an ore body, as well as its geotechnical properties and economic potential. It can also help to guide further exploration activities, such as drilling, sampling, or geophysical surveys.

ALL THE INFORMATION Capex/Opex/NPV, Engineering etc... WILL BE TABULATED & Re-CALCULATED INTO THE FINAL DEFINITIVE F.S. for the project. (Note: the team at NioCorp already has an enormous amount of this work completed over these past years. We are finally in the final "ENDGAME" imho -"I HOPE! =)....)

See : NioCorp Engages Engineering Firms to Update Elk Creek Project Feasibility Study
https://www.niocorp.com/niocorp-engages-engineering-firms-to-update-elk-creek-project-feasibility-study/

CENTENNIAL, Colo. (April 29, 2025) – NioCorp Developments Ltd. (“NioCorp” or the “Company”) (NASDAQ:NB) is pleased to announce that it has engaged multiple engineering and consulting firms to complete work required to update NioCorp’s Feasibility Study for the Elk Creek Critical Minerals Project (the “Project”).

The firms have been engaged to complete engineering and costing of all elements of the Project. Dahrouge Geological Consulting Ltd. (“Dahrouge”) is expected to serve as the lead author of the Feasibility Study.

The firms engaged by NioCorp and their respective work scopes include the following:

Dahrouge (geology, field program, mineral resources, market)

GEOPHYSICS | Dahrouge Geological Consulting Ltd.

Zachry (surface engineering)

Engineering | Zachry Group

Adrian Brown Consultants (hydrogeology)

Amplify (mineral reserves)

Dumas (underground engineering)

Home - Dumas Mining

Tierra Group (tailings design)

T Engineering (mine backfill design)

A2GC (geomechanical engineering)

L3 (hydrometallurgy / process engineering)

Magemi Mining (mineral processing)

MCS (pryometallurgical engineering)

Olsson (environmental)

David Bird (geochemistry)

SRK (closure and reclamation)

“We are excited to bring this talented and capable team together,” said Scott Honan, NioCorp’s Chief Operating Officer. “These firms are all standouts in their respective fields and most have already done significant work in support of the Elk Creek Project. I look forward to coordinating these efforts and to seeing the results of their work.”

“I am very pleased that NioCorp is able to launch such a highly coordinated and comprehensive effort,” said Mark A. Smith, NioCorp’s Executive Chairman and CEO.

As announced on April 22, 2025, NioCorp is launching a drilling campaign this week at the Elk Creek Project site designed to support the conversion of a portion of its current Indicated Resources into Measured Resources and the subsequent conversion of a portion of its current Probable Mineral Reserves into Proven Mineral Reserves at the Project.

FORM YOUR OWN OPINIONS & CONCLUSIONS ABOVE:
TODAY ~NIOCORP TO PRESENT AT THE ~Critical Minerals Summit:
NioCorp Developments to Present at “Critical Minerals Summit: Accelerating the Mining of U.S. Critical Minerals” Conference Presented by Maxim Group LLC on May 6th, 2025
https://www.niocorp.com/niocorp-to-present-at-critical-minerals-summit/


Chico