Northern Minerals Moves Full Speed Ahead at Browns Range

As the company continues to make progress at its flagship rare earths project, it is also getting prepped for summer exploration through fresh funding.

Northern Minerals (ASX:NTU) continues to make progress on its Browns Range pilot plant project, with its most recent milestone being the near completion of the commissioning stage.

The company has commissioned its crushing circuit, which is now being used for operator training and the collection of crushed ore samples. Meanwhile, in the project’s beneficiation plant, commissioning activities have kicked off, including the plant control room, magnetic separation, flotation and tailings.

Additionally, Northern Minerals says it has devised an exploration strategy for Browns Range. Set to begin in July, the efforts have been successfully funded by the Western Australian government through its Exploration Incentive Scheme program.

The government funding, which totaled AU$215,000, will be divided between drilling at the company’s John Galt project and drilling at the Dazzler and Iceman prospects at Browns Range. The projects will receive AU$150,000 and AU$65,000, respectively.

Browns Range is now in the first stage of a three-stage development plan, which entails the ongoing construction of its pilot plant, along with de-risking the operation by testing the process. The pilot plant project, set to be three years long, will see first production of heavy rare earth carbonate in Q3 2018.

The pilot plant is expected produce 60,000 tonnes per year, with processing via a beneficiation and hydrometallurgical pilot plant putting out an annual 49,000 kilograms of dysprosium in 590,000 kilograms of total rare earth oxide.

Stages two and three will involve producing a bankable feasibility study for the project, and then building it to full-scale production. At this point Browns Range is seen producing 585,000 tonnes per year for 279,000 kilograms of dysprosium contained within 3,098,000 kilograms of total rare earth oxide.

“As commissioning is completed and we move to production in the September quarter, we are also excited about the upside potential that the renewed exploration push will have on securing Browns Range as a long-life operation,” Managing Director and CEO George Bauk said in a statement.

At Browns Range, Northern Minerals is aiming to be “the first significant dysprosium producer outside of China.” Ore reserves for the project currently sit at 3.8 million tonnes of ore containing 2,294,000 kilograms of dysprosium and 26,375,000 kilograms of total rare earth oxide.

Northern Minerals’ share price was changing hands at AU$0.094 at close of day on Wednesday (June 13). The company has risen 10.59 percent since the start of the year.

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Olivia Da Silva, hold no direct investment interest in any company mentioned in this article.

Rio Tinto reaches agreement with Turquoise Hill Resources on financing plan for Oyu Tolgoi

Rio Tinto has entered into a binding Heads of Agreement (HoA) with Turquoise Hill Resources (TRQ) for an updated funding plan (the “Funding Plan”) for the completion of the Oyu Tolgoi (OT) Underground Project in Mongolia. The Funding Plan addresses the estimated remaining known funding requirement of approximately $2.3 billion 1 , building on and replacing the arrangements established in the Memorandum of Understanding that Rio Tinto and TRQ previously entered into on 9 September, 2020.

Under the HoA, subject to securing approval by OT LLC and any required support from the Government of Mongolia, and subject to timing, availability, and terms and conditions being acceptable to both parties, Rio Tinto and TRQ will:

Keep reading... Show less

Rio Tinto Exploration and Calibre Mining Initiate 2021 Exploration Program Including 5,500 Metre Drilling Campaign Prioritizing Prospective Near-Surface Copper and Copper-Gold Mineralization

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the “Company” or “Calibre”) is pleased to provide an update on the Borosi exploration project held under an earn-in option agreement between Rio Tinto Exploration (LSE:RIO) (“RTX”) (“Rio Tinto”) and Calibre. Calibre controls a 100% interest in the Borosi concessions located in the prolific Mining Triangle region of northeastern Nicaragua. RTX has the right to earn a 75% interest by spending US$45 million over eleven years in the project ( see Calibre news release dated February 24, 2020 ). The Borosi exploration program is being directed by RTX through a partnership agreement with Calibre as project operator.


Keep reading... Show less

FDA Approves Trodelvy®, the First Treatment for Metastatic Triple-Negative Breast Cancer Shown to Improve Progression-Free Survival and Overall Survival

Trodelvy Significantly Reduced the Risk of Death by 49% Compared with Single-Agent Chemotherapy in the Phase 3 ASCENT Study –

– Trodelvy is Under Regulatory Review in the EU and in the United Kingdom, Canada, Switzerland and Australia as Part of Project Orbis

Keep reading... Show less

Rio Tinto details $47 billion 2020 economic contribution, including $8.4 billion of taxes and royalties

Rio Tinto today released its 2020 Taxes paid: Our economic contribution report , which shows the company made a total direct economic contribution of $47 billion in the countries and communities where it operates, including $8.4 billion of taxes and royalties.

Despite the widespread challenges of COVID-19 in 2020, the contribution was up from the previous year, when Rio Tinto made a total direct economic contribution of $45.1 billion in the countries and communities where it operates, including $7.6 billion of taxes and royalties.

Keep reading... Show less

Top News

Related News