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ASX:NTU

Northern Minerals Ltd

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Market:
ASX
Market Cap:
$198.69 m
Price
0.04 AUD
Change
-2.38%
52 weeks high
0.07
52 weeks low
0.03

In brief

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.

Snapshot

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.