NioCorp Developments Contracts SGS Canada for Metallurgical Development of Elk Creek

NioCorp Developments Ltd. (TSXV:NB,OTCQX:NIOBF) contracted SGS Canada Inc. for metallurgical optimization studies on the Elk Creek niobium deposit.

As quoted in the press release:

SGS are recognized world leaders in the handling and processing of niobium ores. The Company anticipates finalizing scope of work parameters in the next few days, and expects work will commence immediately thereafter. Results of this work are necessary for the production of a Preliminary Economic Analysis report, and following that, will be utilized in preparation of a Feasibility Study.

NioCorp Developments Ltd. President, Peter Dickie, said:

We are pleased to be able to enlist the services of SGS to carry out extensive testing and optimization of metallurgical processes for the Elk Creek project. We are very encouraged by the reaction to our capital raising news of September 23, 2013, providing the confidence level to enable entering into this contract

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