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Director at Jane Morgan Management

$NTU - Heavy rare earth developer, Northern Minerals is pleased to advise new assay results from the mineral resource definition drilling program at Wolverine deposit. The Browns Range Heavy Rare Earth (HRE) Project is located approximately 160km southeast of the town of Halls Creek, in the Kimberley region of Western Australia. The results relate to the mineral resource definition drilling program at the Wolverine deposit during FY Q2-Q3 2024, and one remaining drillhole from the previous ore characterization and geotechnical drilling program completed in FY Q3 2023. Executive Chairman Mr. Nick Curtis AM commented: “The new assay results are very encouraging and emphasise the unique nature of the Browns Range system. These results materially increase confidence in the development of the Wolverine deposit as the first mine within the larger Browns Range system. The exceptional results of the newest Wolverine resource definition drilling program and the increased geological understanding from the drill results and the structural association model supports our regional geological understanding and suggests high-grade opportunities beyond the Wolverine deposit out across the broader Browns Range system. This is encouraging for future exploration success. We are grateful that the Company was able to progress this Program as a result of the grant monies received from the Federal Government. We also are very appreciative of the support we have received from our Native Title Partners - The Jaru People who assisted in ensuring required heritage surveys were completed prior to the campaign commencing. The completion of this drilling program is anticipated in mid-May, and the consequential re-evaluation of our mine plan is due in the fourth quarter of this calendar year, the timing of which aligns well with the Company’s planned FID timing.” Read more: https://lnkd.in/g2HGvRXC $NTU Nick Curtis AM Shane Hartwig Adam Handley

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