EDITOR: | March 5th, 2015 | 6 Comments

Mark Smith on NioCorp’s recent niobium resource updates and “outstanding” titanium and scandium deposits

| March 05, 2015 | 6 Comments

Smith-Mark-NioCorpMarch 5, 2015 — In a special InvestorIntel interview, Publisher Tracy Weslosky speaks with Mark Smith of NioCorp Developments Ltd. (TSXV: NB | OTCQX: NIOBF) on the recent Elk Creek niobium mineral resource update, which includes both a world class titanium and scandium deposit. 

Tracy Weslosky: Mark, you just announced a second resource update that now turns you into a world-class scandium and titanium deposit. Can you talk to us about this please?

Mark A. Smith: It was very good news obviously. I should probably apologize to everyone that we ended up with two press releases on the resource estimate, but we just could not get the assay results back fast enough on the scandium and the titanium. We have an outstanding resources for scandium and an outstanding resource for titanium in addition to the niobium. The good news is that the recovery of both the scandium and the titanium will have zero impact on the recovery of niobium. We really got the metallurgy for all three of those minerals figured out. We will continue to scale up our testing of those metallurgical processes, but they all seem to be very independent in terms of how we’re processing them and the recoverability.  

Tracy Weslosky: Of course this was the second news release. The first one was about a substantial change in your resource tonnage increase. For anyone who may have missed that particular news release, can you just back us up and give us an overview on this one as well.

Mark A. Smith: Tracy as you know we did a three phase drilling program. In the first phase of our drilling, which occurred, kind of, in the summer of last year, although it had resource implications to it, the primary drivers in the first six holes were geotechnical and hydrogeological so that information could then go feed into the feasibility study. We went ahead and issued an updated resource report in September on the basis that the phase one drill results. We were very happy with those drill results, but, you know, I would have to be the first to say that they didn’t wow anybody when we issued those drill results. We went ahead and finished phase two of the drilling. We finished phase three of the drilling. Then we put those two phases together in a new resource update that we issued about 2 weeks ago. As we suspected we ended up with a wow press release where, you know, we doubled and tripled the sizes of the ore body and the contained metal. Our ore grade also increased. This was very good news, not only for the company, but for the people who design that drilling program with such a tight scope and obviously really good for our shareholders. That’s who we serve so we’re happy to treat our shareholders that way. We’ll continue to do the work necessary to increase value. That’s what it’s all about.

Tracy Weslosky: While speaking about increasing value, this particular headline said 187% increase in an indicated resource tonnage and, of course, 226% increase in your niobium, correct?

Mark A. Smith: Yeah, that’s correct. Those are some pretty big numbers, no doubt about it. It really turns this resource into a very real resource for project purposes now…to access the rest of this interview, click here

Disclaimer: Niocorp Developments Ltd. is an advertorial member of InvestorIntel.


Tracy Weslosky is the founder and CEO for InvestorIntel Corp. (2001-Present), a leading online source of investor information that since 2001 has provided public market ... <Read more about Tracy Weslosky>

Copyright © 2022 InvestorIntel Corp. All rights reserved. More & Disclaimer »


  • randy

    love watching the interviews

    March 5, 2015 - 6:39 PM

  • Mortimer

    I wonder what Robert Mckey has to say about this he was very damning of Niocorps chances of building a mine .

    March 6, 2015 - 7:30 AM

  • Robert Mackay

    My opinion has not changed. This is an U/G deposit that will take hundreds of millions to get to and it is not competitive with the Brazilian mines.
    The average permitting time for a new mine in the USA is 7 years and that is for ones without radioactivity which this one has I suspect. Good promotion , i give them that.

    March 6, 2015 - 11:52 AM

  • Mortimer

    Amazing promotion Robert it seems their SP is built on very good PR and promises there are a lot better companies out there who’s stock is a way lower than Niocorp and I suspect it’s because of not getting the PR that they have with Mark Smith .

    March 6, 2015 - 12:06 PM

  • Peter

    Great interview Tracy,… Mark is a classy, classy guy in a classy company giving all us investors non-stop “jack in the box” thrills! I counted 57 news releases since June 2014…and not one was negative, just moving this project at the speed of light to production…or even a buy-out at an offer we couldn’t refuse.
    And now with the consolidation of a world class ore-body of Scandium (metal) listed at $18,000 per/kilogram, but I’m sure there is wiggle room on the price lol…
    along with copious amounts of Titanium, to close out the trifecta! WOW….most of the folks on the forum board that have been following this company three or more yrs. are saying we thought we had something special and lucrative with the world class Niobium resource before, but now with Scandium and Titanium we all agree at a “minimum) this company has doubled it’s value!
    We are all thinking it would be a crime if Mark is not voted CEO of the year!…Cheers.

    March 21, 2015 - 10:43 AM

  • Tracy Weslosky

    Thank you Peter. I will send your compliment to Mark. Have a great weekend. PS. And yes, we often forward comments and questions from commenters to InvestorIntel members to respond.

    March 21, 2015 - 1:46 PM

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.