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niocorp developments ltd (BR3) Snapshot

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08/27/14 - €0.55
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49.7M
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21.2K
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123.7M
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niocorp developments ltd (BR3) Details

NioCorp Developments Ltd. engages in the acquisition and exploration of mineral resource properties. It explores for niobium and rare earth elements. The company holds interest in the Elk Creek Carbonatite property located in southeastern Nebraska; and the Archie Lake rare earth element property consisting of 1 mineral claim covering an area of 2,108 hectares east of Uranium City, Saskatchewan, Canada. It also holds interest in the Red Lake (Tait Lake) property and Thunder Bay claims located in Ontario; and Jungle Well and Laverton projects situated in Western Australia. The company was formerly known as Quantum Rare Earth Developments Corp. and changed its name to NioCorp Developments Ltd. in March 2013. NioCorp Developments Ltd. was incorporated in 1987 and is headquartered in Vancouver, Canada.

Founded in 1987

niocorp developments ltd (BR3) Top Compensated Officers

President, Secretary, Director, Member of Aud...
Total Annual Compensation: C$180.0K
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

niocorp developments ltd (BR3) Key Developments

NioCorp Developments Ltd. Announces Results from the Ongoing Drilling and Advancement Operations at Elk Creek, Nebraska

NioCorp Developments Ltd. announced the receipt of additional assays from the ongoing drilling and advancement operations at Elk Creek, Nebraska. Drillholes NEC14-011 and NEC14-012, two of six drillholes comprising the Phase II drilling program at the project site, have been completed. These drillholes define a north-west to south-east drill section through defined resource, and the holes are oriented at right angles to the 5 holes drilled during the Phase I drilling program. The results are supporting niobium mineralization around the outer edges of the defined Resource and its continuation at depth. The collected core samples have been systematically processed and shipped for certified analytical analysis at Actlabs in Ancaster, Ontario to support NioCorp's corporate objectives for the project. Finalized analytical highlights for NEC14-011 and NEC14-012 appear below. At the same time, the company announced the completion of its first metallurgical drillhole and advancement of its second. A third large diameter core rig, operated by IDEA Drilling, was mobilized to site on September 18(th) to expedite the additional metallurgical drill program. The project continues to perform advanced hydrogeological and Geotechnical test work, collecting additional information from the metallurgical drillholes. Quality Control: Samples for NEC14-011 and NEC14-012 were continuously collected from the carbonatite's upper contact at the base of the overlying limestone to the end of the drillholes, 190 to 843 m and 222 to 900 m, respectively. Samples were submitted to Activation Laboratories Ltd. (ActLabs) of Ancaster, Ontario. HQ diameter core was split into half-core samples and approximately 25% of the submitted core samples consist of quality control and quality assurance samples. Both NEC14-011 and NEC14-012 ended in carbonatite and remain open at depth.

NioCorp Developments Ltd. Announces the Updates of the Ongoing Metallurgical Testing Program of the Ore

NioCorp Developments Ltd. announced the updates regarding the ongoing metallurgical testing program of the ore from the Elk Creek deposit, along with a preliminary metallurgical flowsheet. The results from the bench scale tests at SGS in Lakefield, Ontario include: Flotation test F55, which demonstrated a niobium recovery of 61% to the flotation concentrate; Hydrometallurgical tests (PL13, PL15, PL16, AB13, AB15) of pre-leaching and acid baking on the flotation concentrate, demonstrating a combined extraction of 98% of the niobium contained in the flotation concentrate; Additional hydrometallurigcal tests (Test NbP25) demonstrating the recovery of 98% of the niobium contained in the pre-leach /acid bake products into a precipitate containing 21% Nb by weight. The company is currently working with SGS to complete testing on the balance of the flowsheet, including precipitate dissolution, solvent extraction and aluminothermic reduction, which should result in the production of a ferroniobium final product. The company is also reported the completion of initial pilot scale grinding tests on a 1.2 tonne sample of the Elk Creek resource, which will be followed in the coming weeks by a pilot scale flotation testing. Finally, the company has committed to drilling three dedicated metallurgical holes at the Elk Creek property, in order to obtain 25-35 tonnes of the resource. This quantity of material will be used to supply a larger scale pilot plant that is expected to commence operations later this fall.

NioCorp Developments Ltd. Provides Update on Resource Estimate for Elk Creek Niobium Deposit

NioCorp Developments Ltd. announced an updated NI43-101 resource estimate for the Elk Creek niobium deposit. Commencing in May, the company initiated a three phase technical infill drilling program, with multiple goals of enhancing the classification of the resource; producing geotechnical and geochemical analysis of the deposit; provide material for the use in metallurgical studies including pilot plant; and to provide all other necessary information required to create and design a mine plan. Additional drilling to enhance the overall size of the deposit, where it remains open to the northwest, southeast, and at depth, will be carried out in the future. The company has completed the phase 1, five-hole drill program for a total of 5,011 m, with the phase 2, six-hole drill program now currently underway. Phase 3 will follow, if necessary. Utilizing historic and phase 1 drilling results, SRK Consulting (SRK) of Lakewood, Colorado and Cardiff, UK have completed an updated mineral resource estimate. SRK's Mineral Resource is based on a robust 3D model of grade trends within the carbonatite complex and is based on good QAQC results. Higher grades are associated with pyrochlore contained in magnetite bearing dolomitic carbonatite. The Indicated Mineral Resource is confined to a single coherent well drilled area containing continuous high grade features. Work is currently on-going to improve the confidence in the current geological model through additional drilling and further validation of historical databases. Validation work is aimed to be completed with the completion of phase 2 drilling operations in the fourth quarter, at which point the company intends to deliver a follow up resource estimate which will include that data.

 

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