Browns Range Heavy Rare Earths Project
New York / Toronto Roadshow
Presented by:
Mark Tory
CEO
June 2022
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Compliance Statement
The information in this document that relates to the Mineral Resource Estimate for the Dazzler deposit is extracted from the Company's ASX Announcement dated 7 May 2020 entitled "Over 50% increase in Dazzler high- grade mineral resource" and is available to view on the Company's website (www.northernminerals.com.au) and at www.asx.com.au, and was completed in accordance with the guidelines of the JORC Code (2012). The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the Mineral Resource Estimates in the original market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement.
The information in this report relating to Exploration Results was compiled by Mr Simon Pooley who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Pooley is a full time employee of Northern Minerals Limited and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' (the JORC Code). Mr Pooley consents to the inclusion of this information in the form and context in which it appears.
TREO = Total Rare Earth Oxides - La2O3, CeO2, Pr6O11, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb4O7, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3
HREO = Heavy Rare Earth Oxides - Total of Sm2O3, Eu2O3, Gd2O3, Tb4O7, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3
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Browns Range East Kimberley, WA
Rare earth applications
NdFeB Permanent magnets require dysprosium (Dy) and terbium (Tb)
Electric drivetrains in passenger cars are forecast to account for the majority of increased demand through to 2040
Dy and Tb also have a range of military applications
Rare earths are also used in other applications such as technology, medical and robotics
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Tier 1 resources jurisdiction
Australia is one of the world's most proven, safe and reliable jurisdictions for mining and mineral processing
Northern Minerals is actively engaging with Critical Minerals Facilitation Office established in Canberra in January 2020
Secure tenement legislation and environmental approvals framework benefits local operators
Established trade, export and logistics network and supporting economy
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Australian HREE
production is ethical
Browns Range produces HREE from hard rock xenotime ore at a grade of 600 - 800 ppm Dy
Mining and processing methods in China, due to low grade ore, operate at just 20 - 40 ppm Dy
98% of world's heavy rare earths are currently produced
by China
Many are unconstrained in situ leach operations, which | Browns |
are environmentally harmful | |
Plant Pilot Range | |
ASX:NTU
operation mining leach situ in China Southern
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Northern Minerals Limited published this content on 09 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 June 2022 06:01:04 UTC.