Australian heavy rare earths-focused company Northern Minerals Limited (ASX: NTU) provides the following update to shareholders:
2026 Annual Financial Statements
The Company notes the preparation and finalisation of its audited financial statements for the year ended 30 June 2026 (2026 Financial Statements) has completed and refers our shareholders and other key stakeholders to the below link for the 2026 Financial Statements.
External Auditor Arrangements
The Company notes that its current auditor, Horizon Nexus (WA) Audit Pty Ltd (Horizon), has advised the Company that it is exiting the audit market for ASX-listed entities. Horizon has completed the audit of the year ending 30 June 2026 and intends to resign effective from the conclusion of the 2026 AGM, subject to ASIC consent.
The Company commenced a competitive tender process to identify a suitably qualified external auditor that will take over from Horizon and undertake the review of the 1H FY2027 financial report for the period ending 31 December 2026 and the audit of the Annual FY2027 financial report for the year ending 30 June 2027. The Company is completing this process and will keep the market updated as it finalises arrangements with its proposed replacement Auditor.
Browns Range Final Investment Decision Timing
The Company notes prior disclosure outlining that it was targeting a Final Investment Decision (FID) by 30 September 2026 (subject to procuring Project Funding).
FID remains dependent on completion of the Company’s funding arrangements and negotiations, which are ongoing and therefore FID will not occur by 30 September 2026.
The Company will update the market on the status and timing in accordance with its disclosure obligations.
2025 and 2026 AGM Dates
Northern Minerals refers to its announcement dated 13 August 2026 in which it advised that ASIC had granted further relief to the Company pursuant to section 250P of the Corporations Act 2001 (Cth) to extend the period by which it is required to hold the 2025 AGM.
Under the terms of the November Extension Instrument, the Company must hold its 2025 AGM by 30 November 2026 or within 42 business days of being formally notified by Treasury that it considers the May 2026 Disposal Orders have been fully complied with, whichever is earlier.
Northern Minerals today announces that:
- the 2025 AGM of the Company will be held on 25 November 2026, unless otherwise deferred;
- the 2026 AGM of the Company will be held as a separate meeting on 25 November 2026, unless otherwise deferred; and
- the closing date for the receipt of nominations from persons wishing to be considered for election as a director of the Company at the 2025 AGM or the 2026 AGM is, pursuant to the Constitution, 7 October 2026.
