Company
ASX:NTU
Northern Minerals Ltd (ASX:NTU) is positioned to become one of the few producers of heavy rare earth element dysprosium via production from the Browns Range Heavy Rare Earth Project in Western Australia. Through the development of the flagship project, Northern Minerals aims to build the operation into a significant world producer of dysprosium outside of China. The project is 100%-owned by Northern Minerals and has several deposits and prospects containing high-value dysprosium and other heavy rare earths, hosted in xenotime mineralisation.
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Rare earths & specialist minerals
The results from the first phase campaign in 2020 has encouraged the company to start second phase of drilling in June, based on its geological modelling.
Rare earths & specialist minerals
The company is looking to increase the resource inventory at the Brown Range Heavy Rare Earth Project in northern Western Australia.
Rare earths & specialist minerals
The total REC produced contained 103,731kg of rare earth oxides, which includes 9,751 kilograms of dysprosium and 1,245 kilograms of terbium.
Rare earths & specialist minerals
The placement will allow the fast-tracking of feasibility work on a beneficiation plant for the Browns Range project as well as ramp-up resource expansion drilling aimed at increasing the life of mine.
Rare earths & specialist minerals
The company plans to follow-up the notable results in the second phase of drilling being planned in 2021 following the end of the wet season in the Kimberley region.
Rare earths & specialist minerals
Part of the funds will be used to carry out a feasibility study for a full-scale beneficiation plant at the Browns Range Project.
Rare earths & specialist minerals
The company plans to follow-up initial results in the second phase of drilling being planned at Browns Range following the end of the wet season in the Kimberley region.
Rare earths & specialist minerals
The company plans to complete a feasibility study to determine the potential development of a standalone commercial-scale beneficiation plant to produce a saleable heavy rare earth xenotime concentrate product.
Rare earths & specialist minerals
Follow-up drilling in a second phase is being planned to begin at the end of the wet season.
Rare earths & specialist minerals
Heavy rare earth prices have risen sharply due to the combined impact of trade tensions, COVID-19 disruptions and changing government policies to support electric vehicles.
Rare earths & specialist minerals
Through the development of its flagship Browns Range Project, Northern Minerals aims to build the operation into a significant world producer of dysprosium outside of China.
Rare earths & specialist minerals
Through the development of its flagship Browns Range Project, Northern Minerals aims to build the Western Australian operation into a significant world producer of dysprosium.
Rare earths & specialist minerals
The refundable R&D tax offset claim of $8.7 million comes after the company in August settled previously disputed tax offset claims with the ATO for the financial years ended June 30, 2017, 2018 and 2019.
Rare earths & specialist minerals
The company has committed $5 million to exploration activities during the 2020 – 2021 financial year, with more than 16,000 metres of drilling planned at the Browns Range Project.
Rare earths & specialist minerals
As part of its exploration program, the company plans to drill up to 16,500 metres across the tenements in total and has committed $5 million budget for the program.
Rare earths & specialist minerals
The Modern Manufacturing Initiative announced as part of the Federal Government’s $1.5 billion strategy to support Australian manufacturers specifically prioritises critical minerals processing and resources technology to leverage Australia
Rare earths & specialist minerals
As a part of a settlement with the Australian Taxation Office, the company recently received an R&D refund of $9.9 million and has adopted recommendations to improve internal procedures to streamline future claims.
Rare earths & specialist minerals
A total of more than 16,000 metres of drilling is planned in the program with multiple prospects, such as Dazzler, to be tested.
Rare earths & specialist minerals
The company has earmarked $5.9 million for installing ore sorting equipment, which can double the feed grade and improve project efficiency and economics.
Rare earths & specialist minerals
As a part of the settlement with the Australian Taxation Office, the company has received a refund of $9,921,638 in two tranches.
