Northern Minerals Advances Rare Earth Exploration with Government Co-Funding

Northern Minerals Limited ( (AU:NTU) ) has issued an update.

Northern Minerals Limited has successfully secured co-funding through the Western Australian State Government’s Exploration Incentive Scheme for its drilling program at Browns Range. This initiative supports the company’s efforts to explore structurally controlled hydrothermal feeder systems for heavy rare earth mineralization at the Dazzler deposit. The program comprises five diamond drill holes with a total depth of 1,150 meters and aims to enhance the company’s Mineral Resource Estimate and Definitive Feasibility Study, reinforcing its position in the critical minerals market.

More about Northern Minerals Limited

Northern Minerals Limited is an Australian company focused on the exploration and production of heavy rare earths, particularly dysprosium and terbium. These are critical in manufacturing high-performance permanent magnets for electric vehicles, wind turbines, and specialized defense applications. The company’s primary operations are centered at Browns Range in Western Australia, a significant source of these minerals.

YTD Price Performance: 25.00%

Average Trading Volume: 121,915

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $102.7M

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