Northern Minerals (ASX:NTU) - CEO, Mark Tory - The Market HeraldCEO, Mark TorySource: Northern Minerals
  • Rare earths miner Northern Minerals (NTU) has recommenced research and development testwork at its Browns Range project in WA
  • Operations at Browns Range had a forced five-month hiatus during the height of the COVID-19 pandemic due to WA's strict biosecurity measures
  • The company is planning to significantly upscale operations to become a major provider of heavy rare earth oxides
  • An extensive exploration program is also planned to upgrade the mineral resource and extend the potential life of mine
  • NTU has reduced its debts by more than two-thirds since mid-June and has set aside $5 million for the exploration program
  • Plant commissioning and a scoping study are also progressing to completion
  • On a tough day for the market, Northern Minerals closed grey, trading for 3.2 cents per share