Northern Minerals (ASX: NTU) is focussed on development of rare earth elements (REE), with a large and prospective landholding in Western Australia and the Northern Territory.
The Company’s leading project is Browns Range, where is has a number of deposits featuring high value, heavy rare earth elements (HREE), in xenotime mineralisation. In particular, the mineralisation includes high levels of dysprosium and yttrium, which are short supply globally. Following outstanding drill results, the Company is focussed on advancing Browns Range toward production, using a relatively simple and low cost processing flow sheet to produce a high grade concentrate. The Company’s strategy is to produce and deliver 3,000 tpa contained HREO in concentrate in 2015. Northern Minerals also has a fully funded HREE exploration programs underway at the geologically similar John Galt project.
Company Website: www.northernminerals.com