Northern Minerals Boosts Wolverine Resource Estimate by 15%

Northern Minerals Limited ( (AU:NTU) ) just unveiled an update.

Northern Minerals Limited has announced a substantial increase in the Mineral Resource Estimate (MRE) for its Wolverine deposit, the largest heavy rare earths deposit at Browns Range. The MRE has grown by 15% in total resource to 7.3 million tonnes at 0.96% Total Rare Earth Oxides (TREO), with a significant 75% increase in measured and indicated TREO metal tonnes compared to the 2022 estimate. This upgrade, achieved through successful infill drilling programs, is pivotal for the upcoming Feasibility Study and marks a critical step in the project’s development, potentially enhancing the company’s industry positioning and stakeholder interest.

More about Northern Minerals Limited

Northern Minerals Limited is an Australian company focused on the exploration and development of heavy rare earth elements (HREE), primarily at its flagship Browns Range Project located in the East Kimberley region of Western Australia.

YTD Price Performance: 25.00%

Average Trading Volume: 121,915

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $102.6M

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