Day Trip to Denver

Niocorp Shareholder Meeting and Elk Creek Site visit

Dick Williams - Shareholder - Kansas City MO

December 9th and 10th, 2016

I traveled from Kansas City to Omaha Thursday evening, boarded Amtrak's California Zephyr at 11 pm in Omaha and arrived Denver 7 am - in time for breakfast then the Niocorp Dec 9th, 2016 Annual Meeting with a webcast after the meeting. I spent the afternoon with a high school friend now living in Aurora then boarded the eastbound Zephyr at 7 pm for another overnight run across Nebraska arriving Omaha at 5 am. I drove from OMA about 80 miles south to Elk Creek to visit Niocorp's proposed mine site in rural Johnson County, Nebraska. Here are some images from my two days immersed in the world of Super Alloys and Niocorp.

The Annual Meeting began at 10 am in the conference room of the Dorsey and Whitney Law firm in Denver. Shown here Jim Sims, Niocorp VP for External Affairs on the right at the laptop and on the left Mark Smith, Executive Chairman, at the end and John Ashburn, VP & General Counsel. Cathy Savoie, Executive Assistant to the CEO, is at the right and handled set up for the webcast.

I got a photo op with the CEO after the meeting - Mark Smith and Dick Williams. One other shareholder was present - Sean Doherty of the DEN area.

I arrived back in Omaha at 5 am Saturday morning Dec 10th. My car was at the Amtrak station and I drove from OMA to Elk Creek to get the BEFORE view of the Elk Creek Project. First some scene setting views via Google Earth.

First view shows the mine site in relation to the town of Elk Creek - the Niocorp site is about 3 miles west southwest from Elk Creek on state highway 50. The project office is in the town of Tecumseh which is off this map and about five miles north of the mine site.

Coming in for a closer view this shot shows the working farm and home on Highway 50 a little to the right and below center of the image. That is the 721st Street road on the north and 720 road on the south. The roads form a section of land encompassing 640 acres. It's corn, soybeans and beef country. Good productive dryland farming in the heart of the corn belt.

Moving in closer - the farm house, barn and outbuildings are seen at lower right. Some of the drill pad sites I believe are shown by disturbed ground in the fields. Not sure the date of this image. Looks to me like early spring before crops are in but grass is greening up.

Final Google Earth view: close up of the farmstead. The two building just above center are green metal buildings used by Niocorp staff when the drill program is underway. I believe they go back to Molycorp days

Mine sheds for storage of core samples and other supplies.

It was interesting seeing the site and it was a target of opportunity since it was not far out of my way in driving back to Kansas City. I'm glad to get a mind's eye view and look forward to a repeat visit when things get underway in earnest. It's only 140 miles from my house to the site - a 2.5 hour drive so I'm one of the lucky ones who can visit without a flight, hotel or rental car. For others Amtrak will get you to Omaha from Chicago, Denver, Salt Lake City, Reno and Oakland on the California Zephyr - daily service both directions.

I enjoyed the shareholder meeting and the chance to meet and talk with Mark Smith and Jim Sims. I also enjoyed the brief, early morning visit to the future Niocorp Superalloy Materials mine site.

A couple of relevant links:

Niocorp Development Ltd website: http://niocorp.com/

Webcast of the December 9th, 2016 Annual Meeting including a Virtual Tour of the Elk Creek project: https://youtu.be/HS7RLl8Sd2k

Dick Williams

Kansas City MO

rjw@kcsky.net

P.S. These guys keep watch over things on the farm.

rjw 12-12-2016