Northern Minerals Confirms High-grade REE Maiden Resource at Dazzler

Australian critical metals explorer Northern Minerals (ASX: NTU) released a maiden mineral resource estimate for its Dazzler deposit at the company’s Browns Range high-grade rare earth project in north Western Australia.

The study pegs the Dazzler deposit to be three times higher than the average for Browns Range.

Dazzler is located in close proximity to the Browns Range pilot plant which was commissioned in the summer of 2018.

“With the Browns Range pilot plant project now underway, the addition of high-grade resources to the mineral inventory is a positive important step for the potential full-scale project,” George Bauk, Northern’s managing director and CEO, said in the press release.

In August 2018, a drill program was completed at Dazzler leading to an improved geological hypothesis, which then prompted the newly released maiden mineral resource estimate. The now completed inferred mineral resource for the Dazzler deposit has been estimated at 144,000 tonnes at 2.23 percent total rare earth oxide.

The high-grade mineralization in the Dazzler deposit is located entirely within the Mesoproterozoic Gardiner Sandstone, which is described by the Geosciences of Australia as, “medium to coarse grained, poorly sorted quartz sandstone with siltstone shale.”

“It is important to note that the maiden Dazzler mineral resource is based on limited drilling and there is excellent potential for resource additions at Dazzler, Iceman and other targets within the Gardiner Sandstone,” Bauk added.

Moving forward, Northern Minerals plans to continue exploratory drilling at both the Dazzler and Iceman deposits, with an end goal of releasing a maiden mineral resource estimate for Iceman in the latter portion of 2019.

Shares of Northern Minerals were down 43.37 percent on Wednesday (March 6), trading at AU$0.04.

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

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.