Replies to post #27437 on Niocorp Developments Ltd (NB)

[WalterSobchak]

Thanks. Very good. Do you concur that the uncertainty around scandium is the major reason for the stock's poor performance thus far?

[LCP77]

A point I disagree on is CleanTeq's out put at $1500/kg. It's scalable to 170 tonnes per annum. Starting lower because, sensibly, there is no defined market for more at present.

[rubberworm]

With all due respect that is incorrect. CleanTeQ cost is about half of what you said. It is
US$444/kg Sc2O3. Here is link to cost...http://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1bs9ha7-Clean%20Teq%20Syerston%20FS.pdf ... Niocorp cost is
$1,126/kg of Sc2O3 on a Sc2O3-equivalent basis. Here is that link... NioCorp Files NI 43-101 Feasibility Study for the Elk Creek Superalloy Materials Project

CENTENNIAL, Colo. (August 11, 2017) – NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX: NB; OTCQX: NIOBF; and FSE: BR3) is pleased to announce that it has filed a CIM-compliant Technical Report (the "Report") prepared in accordance with National Instrument 43-101 ("NI 43-101") regarding a Feasibility Study completed for the Company’s Elk Creek Superalloy Materials Project (the “Project”).

The Report supports the Company’s June 30, 2017 news release that provided high-level results of the Feasibility Study. The full Report can be seen on SEDAR here and on the Company’s website at www.niocorp.com.

Key findings of the Report include these:
Financial Returns: Pre-tax net present value ("NPV") of $2.3 billion, at an 8% discount rate, with an internal rate of return ("IRR") of 24.3%, and after-tax NPV of $1.7 billion, at an 8% discount rate, with an IRR of 21.7%, and an effective tax rate of 24.1%.

Revenue: Gross Run Of Mine (“ROM”) revenue of $17.6 billion, with operating margin of $12.2 billion.

CAPEX: Up-front direct capital costs of $705 million, in addition to indirect costs of $189 million, pre-production capital costs of $85 million, contingency of $109 million, and pre-production net revenue credit of $79 million.

EBITDA: Averaged Earnings Before Interest, Taxes, Depreciation, and Interest (“EBITDA”) is $389.6 million per year over ROM. The averaged EBITDA margin (EBITDA as a percent of total revenue) for the project over ROM is 69.5%.

Pre-Tax Payback Period From Production Onset: 3.4 years (3.7 years after-tax).

Production: On an annual averaged basis, estimated production and revenues are as follows:

Ferroniobium (“FeNb”): annualized production rate of 7,055 tonnes at an averaged realized price of $39.60 per kilogram (“kg”) for contained niobium (65%), yielding annual gross revenue of $183.4 million.

Scandium Trioxide (“Sc2O3”): annualized production rate of 103 tonnes at an averaged realized price of $3,675/kg of Sc2O3, yielding annual gross revenue of $378.3 million.

Titanium Dioxide (“TiO2”): annualized production rate of 11,445 tonnes per year at an averaged realized price of $0.88/kg TiO2, yielding annual gross revenue of $10.1 million.

Production Costs (net of TiO2 byproduct credit):

$12.14/kg of niobium on a niobium-equivalent basis.

$1,126/kg of Sc2O3 on a Sc2O3-equivalent basis.