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Northern Minerals Samples Encouraging Copper Results at John Galt

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THE DRILL SERGEANT: Northern Minerals (ASX: NTU) achieved high-grade copper assays following a selective rock chip sampling program at the company’s 100 per cent-owned John Galt project, Kununurra in the East Kimberley region of Western Australia.

Northen Minerals completed the rock chip sampling program at John Galt in October last year.

Although the project already contains a heavy rare earth prospect, Northenrn Minerals focused this program on an area to the south of the Heavy Rare Earth Prospect on previously identified copper occurrences.

Of 24 samples collected and analysed, 12 returned assays of greater than one per cent copper with the higher-grade copper samples mostly occurring in a cluster over 500m of strike length.

Northern Minerals acknowledged its primary focus on rare earth elements, indicating the discovery of copper mineralisation provides potential for commodity diversification, particularly for a company focussed on electric vehicles and sustainable power generation.

The company plans to undertake further geological mapping, a follow up soil sampling program and a ground geophysics program, following the end of the wet season.

Based on these results, a drilling program may be considered for the June quarter.

“These copper results were an unexpected bonus for our exploration program at John Galt,” Northern Minerals managing director and CEO George Bauk said in the company’s announcement to the Australian Securities Exchange.

“While we are at our core a rare earth focused company, we will always look at ways to add value for our shareholders.

“As with rare earths, copper is an important element in the electric vehicle revolution given its widespread use in these vehicles.

“It is early days with respect to these copper results, however we are extremely encouraged by the widespread and high-grade nature of the results received.

“With the performance of Browns Range improving every day and nearing nameplate capacity, we are confident of a good year ahead.”

 

Email: info@northernminerals.com.au

Web: www.northernminerals.com.au

 

Near surface high-grade results from Dazzler drilling

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THE DRILL SERGEANT: Northern Minerals (ASX: NTU) recently completed infill and step-out reverse circulation (RC) drilling at the Dazzler prospect, part of the company’s Browns Range project in the East Kimberley region of Western Australia.

Northern Minerals has received high-grade assay results for the first 12 (BRDR0037-0048) of the 51 drill holes it completed at Dazzler in September that included intercepts from surface of up to 7.71 per cent total rare earth oxides (TREO), including 7,502ppm dysprosium.

The company explained the drilling program was designed to step-out to the north of the previous drilling in order to update the existing Mineral Resource at Dazzler that has been estimated at 144,000 tonnes at 2.23 per cent TREO comprising 3.2 million kilograms TREO using a cut-off grade of 0.15 per cent TREO.

Northern Minerals said it considers the latest results to be of note as many of the intercepts occur at or near the surface, increasing the potential for a low operating cost operation.

It will now use the results achieved from the latest round of drilling to update the Mineral Resource Estimate which it anticipates will be completed in January 2020.

The Dazzler deposit is located less than 15 kilometres from the Browns Range pilot plant on the edge of a small scarp slope.

Further RC drilling at Browns Range is set to commence anon, with exploration and resource definition drilling planned at several different deposits and targets.

“We continue to be impressed and enthusiastic about the potential of Dazzler,” Northern Minerals managing director and CEO, George Bauk said in the company’s announcement to the Australian Securities Exchange.

“As with all mineral deposits ‘grade is king’ and these results continue to deliver on the upside.

“We will now commence updating the Mineral Resource Estimate and investigate mining studies for Dazzler.”

Other recent activities have included mineralogy on four composites at Nagrom from PQ diamond core that was drilled at the Dazzler deposit in May that were made up from four distinct ore bands observed in the core.

These bands varied from three to 13 per cent TREO.

Ore sorting work on coarse fractions of the composites has indicated that these can be effectively sorted.

The test work program at Nagrom has focused on the beneficiation steps of the process, with crushing, scrubbing, grind size optimization and magnetic separation test work completed on the four composites.

The friable portion of the Dazzler material breaks down by scrubbing, with 50 per cent of the ore reporting to the less than 10mm size fraction and this is generally upgraded in rare earths.

Sighter magnetic separation work has been promising.

Flotation and bake tests are planned, and samples will be prepared for environmental test work and radionuclide deportment studies.

 

Email: info@northernminerals.com.au

 

Web: www.northernminerals.com.au

 

Northern Minerals Receives Final $1M From Placement

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THE BOURSE WHISPERER: Heavy rare earths producer Northern Minerals (ASX: NTU) has received the final $1 million in relation to a subscription agreement with Chinese company Liu Xiaohua.

Northern Minerals announced the deal in February 2019.

The company explained the full placement is for 50 million fully paid ordinary shares in Northern Minerals at an issue price of six cents per share to raise $3 million.

The shares will be issued to Liu Xiaohua out of the company’s existing placement capacity under ASX listing rules.

“These funds from the issue of the shares will be utilised for ongoing working capital purposes,” Northern Minerals said in its ASX announcement.

Northern Minerals has completed practical completion of its Browns Range Heavy Rare Earth Pilot Plant Project in northern Western Australia where it has commenced production of heavy rare earth carbonate.

The three-year Pilot Plant project will continue to assist the company evaluate the economic and technical feasibility of mining at Browns Range and will provide the opportunity to gain production experience and surety of supply for our offtake partner.

Through the development of the Browns Range project, Northern Minerals aims to build the WA operation into the first large world producer of dysprosium outside of China.

The project is 100 per cent-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.

 

 

Website: www.northernminerals.com.au

 

Northern Minerals Reveals Regional Potential at Browns Range

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THE DRILL SERGEANT: Northern Minerals (ASX: NTU) declared high-grade rare earth oxide (REO) geochemical results from the company’s Browns Range project in Western Australia.

Northern Minerals collected a total of eight rock chip samples in December 2017 from seven prospect areas across the project with some collected from known prospects, while others were from new target areas.

The company claimed some results returned from the high-grade rock chip samples hit up to 7.19 per cent total rare earth oxides (TREO), which it said was, “significant, given the average grade of the Browns Range deposits is 0.66 per cent TREO”.

At this stage, Northern Minerals believes the high proportion of Heavy Rare Earths for nearly all of the samples indicate that the rare earth mineral is likely to be xenotime, the same as at the company’s first two open pit mines Gambit West and Wolverine.

The very high-grade sample (7.19% TREO) was achieved at Iceman, a prospect Northern Minerals has identified as having a strong geochemical surface anomaly over 200 metres in length, which is yet to be drill tested.

A program of RAB and/or RC drilling will commence in the June quarter, aimed at providing a first pass assessment of several of the new prospects and targets.

If successful, a program of RC drilling will be undertaken in the September quarter aimed at proving up and increasing the Mineral Resources at Browns Range.

A private Placement to sophisticated investors announced on the 28th of December 2017, raising $2.15 million via the issue of approximately 27.56 million shares at 7.8 cents per share, is set to deliver the final $1 million in the coming few days.

A further Share Purchase Plan is closing on the 31st of January 2018.

“These exploration results, although early stage, highlight the significant blue-sky upside potential that exists at Browns Range,” Northern Minerals managing director and CEO George Bauk said in the company’s announcement to the Australian Securities Exchange.

“With a plan in place to extend the life of the potential full-scale project to more than 20 years, the new funds received from the Placement and the SPP allow us to accelerate the program and get drill rigs back on the ground in the June quarter.”

 

Website: www.northernminerals.com.au