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Northern Minerals Ltd.
Summary
| Project: | Browns Range | |
|---|---|---|
| Deposit: | Browns Range | |
| Location: | Australia | |
| Commodities: | Rare Earth | |
| Date: | 9/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-9-2018: Northern Minerals Ltd. announces a Resource Estimation report for its Browns Range deposit at the Browns Range project. Updated mineral resource and ore reserve estimate at Browns Range. Australian heavy rare earths producer, Northern Minerals | |
| Resources: | (Reserve, Prob.): 3.293Mt @ 6.78kg/t TREO | |
| CP/QP: | [Resources]: Bill Rayson (Independent) | |
| ABSTRACT: | Australian heavy rare earths producer, Northern Minerals (ASX: NTU; the Company) is pleased to announce an update to the Mineral Resources and Ore Reserves for the Browns Range Heavy Rare Earth Project (the Project) in northern Western Australia. The Total Mineral Resource at the Project is estimated at 9.07 Mt @ 0.63% total rare earth oxides (TREO) comprising 57,308,000 kg contained TREO (classified and reported according to the guidelines of the 2012 JORC Code1 ). The Total Ore Reserve at the Project is estimated at 3.29 Mt @ 0.68% total rare earth oxides (TREO) comprising 22,339,000 kg contained TREO (classified and reported according to the guidelines of the 2012 JORC Code1 ). Compared to the Mineral Resource and Ore Reserve statements as at 30 June 2017, there was a 1% increase in Mineral Resource tonnes, with no change to the dysprosium or terbium grades. Ore Reserves decreased by 457,000 tonnes compared to last year as a result of mining depletion and the decision to remove Gambit and Gambit West from the estimate. Commenting on the updated statements, Managing Director and CEO, Mr George Bauk, said “Following the change in status from explorer to producer, it is imperative that we continue to update our knowledge of the deposits and continue to expand our resource base.” “The recent high-grade discoveries at Dazzler and Iceman will be a major exploration focus over the coming year.” “With the three-year Pilot Plant now operational, the exploration team has been charged with finding and delineating additional resources that can increase the full-scale mine life from eleven years to over twenty.” | |
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