1x1 with CEO Mark Smith
See this video of Niocorp Executive Chair and CEO Mark A. Smith describing NioCorp's flagship Elk Creek Superalloy Materials Project.
Elk Creek Project Virtual Tour
See this video of a virtual tour of NioCorp's proposed Elk Creek Superalloy Materials Project.
NioCorp is developing North America's only niobium / scandium / titanium project. Located near Elk Creek, Nebraska, the Elk Creek Project is the highest grade niobium project in North America, as well as the largest prospective producer of scandium in the world. These elements are unique and valuable superalloy materials that are strategic and critical to many industries and national defense technologies.
NioCorp's most recent updated Preliminary Economic Assessment, released in October 2015, shows why the Elk Creek Project will deliver exceptional economic results. With anticipated production of 7,490 tonnes per annum (tpa) of Ferroniobium, 97 tpa of Scandium Trioxide, and 23,960 tpa of Titanium Dioxide over its 32-year operating life, Elk Creek is estimated to have pre-tax Net Present Value (NPV) of US$3.07 billion, with an after-tax Internal Rate of Return (IRR) of 27.6%. These economics were calculated using an 8% discount rate.
To learn more about NioCorp, and its flagship Elk Creek Superalloy Materials Project
- See this recent video interview with NioCorp Executive Chairman Mark Smith.
- Take a brief 10-minute video virtual tour of NioCorp's planned Elk Creek Project here.
- View the Company's most recent presentation here.
How To Get Updates
To stay abreast with developments on the Elk Creek Project, go here to sign up for our email updates.
The October 2015 PEA, and other PEAs completed by NioCorp, are preliminary in nature and include a level of engineering precision and assumptions which currently are considered too speculative to have the economic considerations applied to them that would enable Mineral Resources to be categorized as Mineral Reserves. Inferred Mineral Resources are not included in the mine plan for the Amended PEA2. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The Amended PEA2 includes price and market assumptions concerning an expanded demand in the scandium market. There is no certainty that the Amended PEA2 will be realized.
1 Based on a B737NG flying 3000-4000 hours per year, and a long-term jet fuel price of $2-3/gallon. Savings potential is greater in long haul aircraft with higher overall utilization.