- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Northern Minerals Updates on Rare Earths Project and Activities
The company also announced the start of extension drilling at two high-grade prospects, Dazzler and Iceman.
Critical metals explorer Northern Minerals (ASX:NTU,OTC Pink:NMEX) has released its Q1 2019 activities report, and has also announced the commencement of extension drilling at two high-grade prospects, Dazzler and Iceman.
Located in Western Australia, Northern’s flagship Browns Range rare earths project is currently being assessed via pilot plant for both technical and economic feasibility.
To date, the pilot plant, which has been in operation since late 2018, has produced a total of 28,068 kilograms of rare earth carbonate.
Northern has completed a maiden mineral resource for the Dazzler deposit, which is located within the Browns Range property. Testing at Dazzler estimates that the deposit’s grade is three times the average of the rest of Browns Range.
The recently announced reverse circulation and diamond core drilling programs will work to better identify and target the high-quality deposit at Dazzler, as well as Iceman.
“Following on from the recent high-grade maiden mineral resource estimate at Dazzler, we are very excited about this upcoming program and what impact these high-grade prospects might have on future production,” company CEO George Bauk said in a press release.
The rare earths company expects to release the results from the drill program sometime in June.
According to Northern, when operational, the Browns Range project will be the first and only large-scale producer of dysprosium outside of China.
The rare earth is playing a pivotal role in engine manufacturing for the electric vehicle sector, which is expected to steadily grow over the next decade.
In fact, the price of dysprosium increased by 20 percent in Q1 of this year alone and is likely to continue to trend higher.
For Northern, the market is ripe and ready for a new significant rare earth elements supplier.
“The pilot plant is continuing to assess the technical and economic feasibility of a full-scale commercial operation,” it states in its activities report.
“Northern Minerals is continuing to increase output from the pilot plant to steady state to assess the quality of the rare earth carbonate produced. Test work has identified areas of new knowledge that have been applied to the pilot plant.”
Shares of Northern were up 1.41 percent on Wednesday (May 1), trading at AU$0.07.
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.
The Beginner’s Guide to Investing in Gold (Australia Edition)
Ready to invest in gold? Our beginner's guide makes it simple to get started.
Download your investing guide today.
Learn About Exciting Investing Opportunities in the Gold Sector
Your Newsletter Preferences
Originally from Calgary, Georgia has been right at home in Toronto for more than two decades. Graduating from the University of Toronto with an honors BA in journalism, she is passionate about writing on diverse topics, including resources, arts, politics and social issues.
At INN Georgia covers a wide range of topics, including energy, battery and critical metals and diamonds. In her spare time, Georgia enjoys watching documentaries and experiencing Toronto's vibrant food, arts and cultural scene.
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â
Originally from Calgary, Georgia has been right at home in Toronto for more than two decades. Graduating from the University of Toronto with an honors BA in journalism, she is passionate about writing on diverse topics, including resources, arts, politics and social issues.
At INN Georgia covers a wide range of topics, including energy, battery and critical metals and diamonds. In her spare time, Georgia enjoys watching documentaries and experiencing Toronto's vibrant food, arts and cultural scene.
Learn about our editorial policies.