Northern Minerals Ltd. (ASX:NTU) announced that it has completed a preliminary feasibility study for its Western Australia-based Browns Range project. According to the company, it confirms that Browns Range could be “the first significant world producer of high value dysprosium outside of China.”
As quoted in the press release:
The PFS has confirmed robust project economics for Browns Range, where the Company is aiming to commence production of dysprosium and other heavy rare earths (HREs) by the end of 2016.
The PFS is based on a conventional mining operation involving both open cut and underground operations, and a relatively simple processing flowsheet with all infrastructure located on site.
The Project includes a base case production rate of 279,000kg of dysprosium per annum, contained within 3,200,000kg of high purity mixed rare earth (RE) oxide.
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