Environmental approvals are in place, mining lease granted and native title agreement finalized.
Browns Range Project also has its Project Management Plan approved, which is a significant step forward to commencing mining operations at the Browns Range Project.
Northern have a shovel ready project and some here think the Jien deal falling through is the end of the world for us.
I'm not the only one that recognizes the potential here - an entity managed by The Lind Partners has lent Northern US$4M, which can be repaid via issuing Northern shares.
Northern still have undrawn loan funds (via The Lind Partners transaction) of US$2.5M less the interest payable, plus the cash it has sitting in the bank available - and now monthly cash burn is down to around AUD$200,000
This provides Northerns very capable management team plenty of time to put in place a "bigger" plan B.
Shovel ready project
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Last
3.3¢ |
Change
-0.002(5.71%) |
Mkt cap ! $195.0M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 3.5¢ | 3.3¢ | $38.78K | 1.166M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 272810 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 78618 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
3.3¢ |
Change
-0.002 ( 5.71 %) |
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| Open | High | Low | Volume | ||
| 3.4¢ | 3.4¢ | 3.3¢ | 467750 | ||
| Last updated 15.46pm 03/05/2024 ? | |||||
| NTU (ASX) Chart |