Short Term Trading Week Starting: 30 Apr, page-144

STTCOMP NTU, FA Long


Rare earth “Dysprosium” play, Western Australia.


Market Cap $96, cash $15m, last price $0.098


Northern Minerals Limited (ASX: NTU; Northern Minerals or the Company) has commenced commissioning of the Browns Range Heavy Rare Earth Pilot Plant Project in northern Western Australia.


Through the development of its flagship project, the Browns Range Project (the Project), Northern Minerals aims to be the first significant world producer of dysprosium outside of China.

The Project is 100% owned by Northern Minerals and has several deposits and prospects containing high value dysprosium and other HREs, hosted in xenotime mineralisation.


Dysprosium is an essential ingredient in the production of DyNdFeB (dysprosium neodymium iron- boron) magnets used in clean energy and high technology solutions.


Browns Range Heavy Rare Earth Project Advances Towards Production

• Commissioning of Browns Range Pilot Plant on schedule;

• All equipment is now on site;

• $4.4 million in R&D financing received under financing agreement with Brevet; and

• Chinese rare earth quota changes may positively impact pricing.

Australian heavy rare earths developer, Northern Minerals Limited (ASX: NTU) (the Company) is pleased to provide an update with regards to the Browns Range Pilot Plant Project in the East Kimberley, WA.


Commissioning Progress

Commissioning of the plant has commenced with the successful commissioning of the crushing circuit including the crusher and crushed ore conveyor.

The final component, being the ring gear for the mill, was delivered to site on the 28th of April 2018.

The plant is on schedule for completion by end June 2018, with first production of heavy rare earth carbonate in the September quarter.


Research confirms global dysprosium deficit.

• 98% of global dysprosium production comes from China;

• Increased EV production is driving demand growth, even including efficiency gains;

• Chinese dysprosium production has decreased 34% since 2013 following crackdown

on illegal miners;

• Browns Range is the only advanced dysprosium project globally that can address the

supply gap.


And the sp had a nice kick today. Seems like the market is waking up to the fact how huge this could be.


PDYOR