NioCorp Developments Ltd V.NB

Primary Symbol: NB

Metals & Mining Industrial Metals & Minerals

NioCorp Developments Ltd. is a mineral exploration company. The Company, through its subsidiary, Elk Creek Resources Corporation, is engaged in the acquisition, exploration, and development of mineral properties. The Company is developing a superalloy materials project namely the Elk Creek niobium/scandium/titanium property (the Elk Creek Project). The Elk Creek Project is located near Elk Creek, southeast Nebraska, the United States of America. The Company's Project is located approximately 75 kilometers (kms) southeast of Lincoln, Nebraska and 110 kms south of Omaha, Nebraska. The Property consists of 226-acre parcel of land owned along with eight option to purchase agreements (OTP) covering approximately 565 hectares (ha). The Company's Elk Creek Property is a niobium, scandium, and titanium exploration project. The Project includes the Elk Creek carbonatite (the carbonatite) that intruded older precambrian granitic and low to medium grade metamorphic basement rocks.

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NioCorp Developments Ltd

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Post by martinishakeron Dec 23, 2011 1:47pm

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Post# 19349182

Quantum in the UBS Morning Notes

Good to see that UBS morning notes featured Quantum

UBS Morning Notes (12/21/11) "Quantum Rare Earth Developments Corp. announced in March that it has Indicated resources of 80 Mmt of niobium at 0.62% NbsO5 at the Elk Creek site in Nebraska. This compares to IAMGOLD's Niobec at ~60 Mmt at 0.53%. The company has announced that it plans to launch a preliminary economic assessment in 2012; with Niobec officially on the block for sale from IAMGOLD, you can expect a positive read through in the near-term for a company that has only got a market cap of $11M."

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