Australian heavy rare earths developer, Northern Minerals Limited (ASX: NTU) (the Company) has heralded the arrival of the first modular components and equipment of its pilot plant in Darwin, as part of its Browns Range project. Mining is 83% complete and due to finish by the end of the year. The Company has also drawn down $US5 million from its $US30 million finance facility with Innovation Structured Finance Co.
- First modular components and equipment of pilot plant land in Darwin;
- Site works on schedule ahead of components arriving on site this week
- Mining is 83% complete and due to finish by end of the calendar year; and
- US$5.0 million received from Innovation Structured Finance Co., LLC under R&D Financing Facility.
Australian heavy rare earths developer, Northern Minerals Limited (the Company) is pleased to provide an update with regards to financing and construction progress for the Browns Range Heavy Rare Earths Pilot Plant Project in the East Kimberley, WA.
Browns Range Construction Update
The first shipment of modular process plant components and equipment for the pilot plant arrived in Darwin on 2 November. The shipment is the first of three main shipments of process plant modules and equipment, with further shipments expected over the coming months.