NioCorp Developments Ltd Executive Chairman and CEO Mark Smith tells Proactive the group's recently completed feasibility study has shown its Elk Creek project mineral resource contains both relatively high grades and various amounts of niobium, scandium and titanium. As a result, the project’s after-tax net present value increased 12% to $2.35 billion from $2.1 billion following a 2019 feasibility study. The projected mine life rose to 38 years from 36 years. Smith says the 'odds look good' to produce rare earths at Elk Creek project, and will make a decision once it completes its NI 43-101 technical report.
NioCorp says the 'odds look good' to produce rare earths at Elk Creek project
