Proactive Investors - Run By Investors For Investors

Positive early rare earth element results for Northern Uranium

Positive early rare earth element results for Northern Uranium

Northern Uranium (ASX: NTU) has rewarded shareholders who participated in last month’s renounceable rights issue with the conformation of mineralisation which identifies Heavy Rare Earth Elements (HREE) at Browns Range/

The HREE anomalies will be tested by further exploration activities commencing later this month, along with proposed field work to more accurately define drill targets.

Rock chip samples have been collected from the Wolverine, Gambit and Area 5 North Prospects, to allow Northern to commence a small scale characterisation study of the mineralisation.

The study will investigate the separation and recovery characteristics of rare earths from the Browns Range xenotime mineralisation.

This information is essential in determining the viability of the project.

Northern said initial sizing results are favourable and indicate the liberation size of the mineralisation may be in the relatively coarse at the 100-200 microns range.

With the onset of the northern wet season expected in November, it is anticipated that drilling will commence at Browns Range in the first quarter 2011.

Northern shares are higher in intra-day trading, up 9% to $0.32, well above the $0.16 per share renounceable rights issue, (2 new shares for every 5) conducted just last month.

View full NTU profile View Profile

Northern Minerals Ltd Timeline

Related Articles

Drilling activity at Kharmagtai Copper-Gold Project in Mongolia
January 14 2019
The now validated data and mineral resource update will be used in an upcoming scoping study.
June 13 2018
Lac Guéret Extensions is adjacent to one of the highest grade graphite projects in the world
February 05 2019
Kore Potash has completed a definitive feasibility study on the Kola project

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use