Niocorp Developments Ltd (NB)

[douginil]

Hmmm


Seems that someone has been reading a lot of Niocorp’s annual reports and

NIOCORP DEVELOPMENT LTD.
Management Discussion and Analysis (“MD&A”)
For the three months ending Septembere 30,3013

niocorp.com/wp-content/uploads/NioCorp_MD&A-2014Q1.pdf

Unfortunately the above pdf could not be pulled up. However, it mentions east and west REE’s cluster and the hole EC-93 @ 2.19% REE's

A few years ago when all of a sudden REE’s came into our picture I posted on this board about this REE situation. Didn’t get much interest. But suprisingly I did get a response fom Scott where he posted (can’t remember which) a map showing the location of the ore we are going to mine and the location of the east and west “anomalies”. If I remember they seemed to be close enough to get to from our mine. Scott mentioned that they (we?) were set with our mine plans, of course things are subject to change.

I have a complete copy of the original Niocorp post in their quarterly report but don’t have a clue on how to post it. If some enterprising person knows how to mine the postings on this board and could find my post of years ago and maybe Scotts response to me with the map it might be interesting. I would be happy to send it (as a wpd) to Chico or someone else who knows how to post it let me know.

Below is some description and the data table, hope it helps.

Douginil





NIOCORP DEVELOPMENT LTD.
Management Discussion and Analysis (“MD&A”)
For the three months ending Septembere 30,3013

niocorp.com/wp-content/uploads/NioCorp_MD&A-2014Q1.pdf



Historically Molycorp completed wide-spaced drilling on roughly 610 metre centers surrounding the core zone, within the 7-kilometre diameter geophysical anomaly. Thick intersections of rare earth elements (REE), niobium and phosphate mineralization were encountered in several of these holes. At least 18 of the surrounding holes intersected >20 feet (6.1 metres) of > 1.0% REO, while at least 17 of the surrounding holes intersected >10 feet (3.05 metres) of > 0.6% Nb2O5. All drill intercepts reported here are down-hole measurements. The orientations of mineralized sections are unknown, and therefore, true thicknesses have yet to be determined. It is important to note that REO as reported here refers to rare earth oxide and in this case refers only to the sum of lanthanum, cerium and neodymium oxides only. Results for the other rare earths are not available. Analysis was performed at Molycorp’sinternallaboratories, with check analysis atSkylineLaboratory, Colorado.
In addition to the core historic niobium resource zone, anomalous niobium mineralization was identified during the wide-spaced exploration drilling. Hole EC-40 located approximately 1.5 kilometres northeast of the core niobium resource zone intersected 24.4 metres of 1.01% Nb2O5 and 0.31% REO. Hole EC-95 located approximately 1.2 kilometres southwest of the core niobium resource zone intercepted 10.5 metres of 0.70% Nb2O5.
Three zones of anomalous REE mineralization were identified outside the core historic niobium resource zone, during the wide-spaced exploration drilling. The results of some of the holes are summarized below:

Hole ID                             	From(m)	         To(m)    	Interval(m)           	REO(%) 
 eastern anomaly 
 EC-93				149.4		 289.6		 140.2		 2.19 
    including 			179.8		 198.1		   18.3		 3.12 
 EC-43				243.8		 256.0		   12.2		 2.83 
 					295.7 		 323.1		   27.4		 1.52 
 western anomaly 
 EC-4	          			 217.1		 402.3		 185.2		 1.18 
 					 417.6		 445.0		   27.4		  1.02 
 EC-41				 304.8		 335.3		   30.5		  1.19 
 		           		 365.8          	 396.2		   30.5		  1.28 
 EC-55				 237.7		 429.8		 192.0		  1.31 
 		          		 246.9		 271.3		   24.4 	             1.62 
 					 289.6		 323.1		   33.5		   2.09 
 					 338.3		 390.1		   51.8		   1.52 
 central anomaly 
 EC-1	          			 198.1		 219.5		   21.3		    1.05 
 					 225.6		 234.7		     9.1		    1.08 
 EC-17				 554.7		 612.6		   57.9		     1.27 
 EC-19				 187.5		 253.0		   65.5		     1.13 
 					 627.9		 661.4		   33.5		     1.02 
 EC-21				 207.6		 228.6		   21.0		     1.54 
 

Several of these regional holes terminated in carbonatite. Petrographic and microprobe work completed by Molycorp indicates that the rare earth elements are hosted within the minerals bastnaesite, parasite, synchisite and lesser amounts of monazite. Niobium is hosted within pyrochlore.