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Home / Rare Earths / Northern Minerals releases September quarter report

Northern Minerals

  • ASX: NTU
    • REE

Northern Minerals releases September quarter report

  • 31 October

Australian heavy rare earths producer Northern Minerals (ASX: NTU) has released its activities report for the three months to September to the market.


HIGHLIGHTS

·       Pilot plant at Browns Range is continuing commissioning with steady state continuous production targeted for the end of CY2020

·       The prices of Dysprosium and Terbium have softened within the quarter, with the Dy price up 24% YTD and the Tb price up 16% YTD

·       Final assays from the RC program undertaken at Dazzler and Iceman returned the best ever results from Browns Range including

·       52m @ 4.15% TREO from 20m including 18m @ 11.48% TREO from 22m.

·       $51 million Federal/State Government funded Browns Range access road initial works commenced

·       New offtake agreement with thyssenkrupp executed in August 2019 for all stockpiled and future heavy rare earth carbonate from the Browns Range Pilot Plant Project

·       The ore sorting project commenced during the quarter with an ore sorting machine selected and ordered

·       Separation scoping study underway with US-based K-Technologies, Inc.

·       Ms Xiaohua Liu resigned from the Board during the quarter.

 

View full announcement

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