Slide 1: The Elk Creek Superalloy Materials Project
THE ELK CREEK SUPERALLOY MATERIALS PROJECT One of America’s Premier Pure-Play Critical Minerals Developments TSX: NB | OTCQX: NIOBF
Slide 2: Cautionary Notes & Technical Disclosures
Cautionary Notes & Technical Disclosures Certain statements contained in this document may constitute forward-looking statements, including statements regarding the results of the Company’s April 2019 Feasibility Study, including, but not limited to, metal price and exchange rate assumptions, cash f
Slide 3: About NioCorp
About NioCorp Corporate Summary At A Glance (As of latest SEC quarterly filing) • A public company, NioCorp Developments Ltd. is developing the Elk Creek Superalloy Materials Shares Outstanding: 238,667,620 Project, a large underground deposit in southeast Nebraska rich in Niobium, Scandium and Tita
Slide 4: The Elk Creek Superalloy Materials Project
The Elk Creek Superalloy Materials Project The Elk Creek Project is a large underground hard-rock deposit in southeast Nebraska designed to produce three critical minerals: Niobium, Scandium, Titanium. Located on private Highest grade land immediately Niobium deposit adjacent to under development in
Slide 5: Why The Elk Creek Project is Unique
Why The Elk Creek Project is Unique 36 Years A Pure-Play Much of Planned Large Resource Highly Strong Critical Minerals Production in 1st With Long Mine Experienced Sustainability Project 10 Yrs. Pre-Sold Life Leadership Focus All three of NioCorp’s The Elk Creek 100% of the Project’s The NioCorp Bo
Slide 6: Elk Creek Feasibility Study Highlights
Elk Creek Feasibility Study1 Highlights $2.56B 27.3% $2.1B 25.8% $370M Pre-Tax NPV Pre-Tax IRR After-Tax NPV After-Tax IRR Averaged EBITDA over Mine Life2 67% $20.8B $9.8B $1.14B 36 Yrs. Averaged EBITDA Gross Revenue Cumulative Net Total Net Up- Mine Life Margin over Mine over Mine Life Cash Flow ov
Slide 7: Products & Markets
PRODUCTS & MARKETS Ferroniobium Scandium Trioxide Titanium Dioxide Steel Mega- Pipelines Shipbuilding Defense Systems Automotive Shipbuilding Defense Systems Paints/Pigments Shipbuilding Structures ` High-Strength Steel Defense Systems Automotive Commercial Solid Oxide Fuel Sporting Goods Commercial
Slide 8: Global Macro Trends Driving Demand for These Metals
Global Macro Trends Driving Demand for These Metals $9 of Niobium added to a mid- $1-1.5 million of scandium in a 0.025% Niobium in the steel of Both Niobium and Scandium Niobium, Scandium, and Scandium helps solid oxide fuel sized car reduces weight by single airliner offers >$9 million the Millau
Slide 9: Recent Trends Favoring the Elk Creek Project
Recent Trends Favoring the Elk Creek Project Increased Consumption of Critical Minerals Increasing Infrastructure Re-Shoring of Light-Weighting of Investor Demand Ferroniobium Initiatives around Critical Minerals Transportation for ESG-Focused Consumption1 the World Supply Chains Systems Projects 1
Slide 10: Recent Accomplishments
Recent Accomplishments June 2020 April 2020 NioCorp receives final Dec. 2019 Large US steel Construction Air NioCorp secures producer signs non- Permit from binding agreement Oct. 2019 critical local Letter of Intent for State of “Special Use” Nebraska. April 2019 State of Nebraska permit for the 25
Slide 11: Elk Creek Project Location & Layout
Elk Creek Project Location & Layout The Project is centered within one 640-acre section of all private land. Highway 62 Substation Salt Pyro Cell 1 W T Acid Hydromet P Tailings 2 Tailings 1 Mineral Pond HCl Processing Dry Highway 50 Pond Fill Tailings 3 Production Waste Backfill Elk Creek Project Lo
Slide 12: Mineral Reserves and Mineral Resources
Mineral Reserves and Mineral Resources Carbonatite Boundary Initial Operational Footprint Highway 50 Mineral Resource Cut-off Classification NSR Tonnage Grade Grade Grade (US$/t) (000’s t) (Nb2O5%) (TiO2%) (Sc g/t) Highway 62 Indicated 180 183,185 0.54 2.15 58 Inferred 180 103,992 0.48 1.81 47 NOTE:
Slide 13: World-Class Development Partners
World-Class Development Partners Ong Commodities Metallurgy Concept Solutions TSX: NB | OTCQX: NIOBF 13
Slide 14: Key Permits Obtained
KEY PERMITS OBTAINED The Elk Creek Project has secured key federal and state permits required to proceed to the start of construction once project financing is obtained. ⚉ Construction Air Permit from the State of Nebraska. ⚉ The major federal permit required, a 404 permit from the U.S. Army Corps o
Slide 15: Strong State & Local Support
Strong State & Local Support The Elk Creek Project is located exclusively Estimated Economic Benefits and New Tax Revenue 1 on private land with extensive nearby Generated by the Elk Creek Project 1 infrastructure (roads, rail, water, and utilities). Direct Full-Time, Permanent Jobs Created 436 Indi
Slide 16: U.S. Perspective: Critical & Strategic Minerals
U.S. Perspective: Critical & Strategic Minerals Ferroniobium Scandium Trioxide Titanium Dioxide Ferroniobium (FeNb) is considered such a Scandium has many current and prospective strategic and critical material by the U.S. uses in defense technologies, although few Department of Defense that it has
Slide 17: What Our Project Can Potentially Deliver to the Environment
What Our Project Can Potentially Deliver to the Environment GHG Reductions Longer-Lived Bridges High Performance Low-Emission Energy Light Weighting Buildings US$9 of Niobium added Scandium-contained The addition of 0.025% of With the structural Scandium is a key to a mid-sized automobile aluminum a
Slide 18: Environmental, Social & Governance Principles
Environmental, Social & Governance Principles NioCorp intends to integrate key ESG principles, such as those outlined below, into our business and the Elk Creek Project as we proceed toward its development and commercial operation. More information on NioCorp’s ESG initiative can be seen here. Envir
Slide 19: Independent Board Members
Independent Board Members Nilsa Guerrero-Mahon David C. Beling, P.E. Anna Castner Wightman Michael J. Morris Fernanda Fenga Audit Committee Chair A former senior executive at the world’s A former Chief Financial Officer Mr. Beling is a Registered A sixth generation Nebraskan Mr. Morris served as a l
Slide 20: Independent Board Members
Independent Board Members Nilsa Guerrero-Mahon David C. Beling, P.E. Anna Castner Wightman Michael J. Morris Audit Committee Chair A former Chief Financial Officer Mr. Beling is a Registered A sixth generation Nebraskan Mr. Morris served as a and Controller for global Professional Mining Engineer an
Slide 21: Management Team
Management Team Mark A. Smith, P.E. Scott Honan, MSc, SME-RM Neal Shah, BSME, MBA John A. Ashburn Jim Sims Executive Chairman, President Chief Operating Officer, NioCorp Chief Financial Officer VP, General Counsel, & VP, External Affairs and Chief Executive Officer President, Elk Creek Resources Cor
Slide 22: Summary: Elk Creek Superalloy Materials Project
SUMMARY: Elk Creek Superalloy Materials Project Highest grade A feasibility-level Large resource Highly Strong focus on Key federal and Strong support Niobium deposit NI-43-101 with long mine experienced sustainability state permits from community under Technical Report life1 and much of Board of an
Slide 23: Contact
For More Information www.NioCorp.com Jim Sims, VP of External Affairs jim.sims@niocorp.com CONTACT 23
Slide 24: Endnotes
Endnotes Non-GAAP Financial Measures: This news release includes certain forward-looking non-GAAP financial measures, including EBITDA and EBITDA Margin. These non-GAAP financial measures are included in this news release because these statistics are key performance measures that management uses to
Slide 25: Appendix Slides
APPENDIX SLIDES TSX: NB | OTCQX: NIOBF
Slide 26: Project Performance
Project Performance (BASED ON APRIL 2019 FEASIBILITY-LEVEL NI-43-101 TECHNICAL REPORT) Back to Index à TSX: NB | OTCQX: NIOBF 26
Slide 27: Project Performance
Project Performance (BASED ON APRIL 2019 FEASIBILITY-LEVEL NI-43-101 TECHNICAL REPORT) Back to Index à TSX: NB | OTCQX: NIOBF 27
Slide 28: Upfront Capital and Project Operating Expense Breakdown
Upfront Capital and Project Operating Expense Breakdown (BASED ON APRIL 2019 FEASIBILITY-LEVEL NI-43-101 TECHNICAL REPORT) Initial Capital Spend ($M) Preproduction Mining Infrastructure Owners EPC Expenses Processing Contingency Back to Index à TSX: NB | OTCQX: NIOBF 28
Slide 29: Elk Creek Mineral Resource Update: Feb. 19, 2019
Elk Creek Mineral Resource Update: Feb. 19, 2019 (BASED ON APRIL 2019 FEASIBILITY-LEVEL NI-43-101 TECHNICAL REPORT) February 19, 2019 Mineral Resource Summary February 19, 2019 Mineral Resource Details Parameter Value Unit Contain Mining Cost 50.0 US$/mt mined Tonnage Nb2O5 TiO2 Contained Cut-off NS
Slide 30: Elk Creek Mineral Reserve Update: Feb. 19, 2019
Elk Creek Mineral Reserve Update: Feb. 19, 2019 (BASED ON APRIL 2019 FEASIBILITY-LEVEL NI-43-101 TECHNICAL REPORT) February 19, 2019 Mineral Reserve Summary February 19, 2019 Mineral Reserve Details Parameter Value Unit Tonnage Nb2O5 Contained Payable TiO2 Contained Payable Sc Contained Payable Clas
Slide 31: Elk Creek Project: Sensitivity Analyses
Elk Creek Project: Sensitivity Analyses (BASED ON APRIL 2019 FEASIBILITY-LEVEL NI-43-101 TECHNICAL REPORT) Back to Index à TSX: NB | OTCQX: NIOBF 31
Slide 32: Endnotes
Endnotes Non-GAAP Financial Measures: This news release includes certain forward-looking non-GAAP financial measures, including EBITDA and EBITDA Margin. These non-GAAP financial measures are included in this news release because these statistics are key performance measures that management uses to