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The latest update is out from Northern Minerals Limited ( (AU:NTU) ).
Northern Minerals Limited has released the outcomes of its Definitive Feasibility Study (DFS) for the Browns Range Heavy Rare Earth Project, confirming an 11-year Life of Mine production plan targeting up to 181,000 tonnes of TREO in concentrate. The study supports the project’s technical and financial viability, although it is based on assumptions that may change. The company has structured its production plan to minimize reliance on Inferred Mineral Resources, ensuring these do not significantly impact the project’s viability in the first decade of operations.
The most recent analyst rating on (AU:NTU) stock is a Buy with a A$0.04 price target. To see the full list of analyst forecasts on Northern Minerals Limited stock, see the AU:NTU Stock Forecast page.
More about Northern Minerals Limited
Northern Minerals Limited is a company operating in the mining industry, focusing on the extraction and production of heavy rare earth elements. Their primary project is the Browns Range Heavy Rare Earth Project, which aims to produce Total Rare Earth Oxides (TREO) and Heavy Rare Earth Oxides (HREO).
YTD Price Performance: 71.43%
Average Trading Volume: 4,537,486
Technical Sentiment Signal: Buy
Current Market Cap: A$300.9M
Learn more about NTU stock on TipRanks’ Stock Analysis page.