Northern Minerals Moves to DFS at Browns Range

Northern Minerals (ASX:NTU) announced that it will commence the definitive feasibility study (DFS) on its Browns Range heavy rare earths project, in Western Australia, by February next year. In October this year, the project received environmental clearance from the state department.

As quoted in the press release:

ASX-listed Northern Minerals was on track to complete the definitive feasibility study (DFS) on its Browns Range heavy rare earths project, in Western Australia, by February next year, the company reported on Thursday.

Northern Minerals was hoping for a 2016 production start at Browns Range, after a June prefeasibility study estimated that the project would have a net present value of A$446-million. The study was based on a conventional mining operation involving both opencut and underground operation, with Browns Range expected to deliver about 279 000 kg/y of dysprosium, over a mine life of ten years.

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