Northern Minerals Deepens Half-Year Loss as Browns Range Investment Accelerates

Northern Minerals Limited ( (AU:NTU) ) has provided an announcement.

Northern Minerals reported a net loss of $16.0 million for the half year to 31 December 2025, broadly in line with the prior corresponding period, as it continued to invest heavily in progressing its Browns Range rare earths project. Total revenue and other income rose to $639,811, while basic loss per share narrowed to 0.18 cents, reflecting a larger capital base.

The company increased spending on project development and exploration, with $1.2 million directed to completing its Definitive Feasibility Study, commencing front-end engineering design and conducting metallurgical testwork, and a further $4.5 million on regional target generation and drilling programs. Additional costs included a one-off $1.5 million rehabilitation provision, $3.0 million in site maintenance and environmental obligations, and $5.9 million in corporate expenses, partly linked to an Independent Technical Expert review to support future project financing, underscoring its transition from study phase toward potential development.

The most recent analyst rating on (AU:NTU) stock is a Hold with a A$0.03 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 an Australian resources company focused on the development and exploration of rare earths, primarily through its Browns Range Project. The group’s activities span definitive feasibility studies, front-end engineering design, metallurgical testwork and regional exploration aimed at advancing its rare earth assets.

YTD Price Performance: -6.67%

Average Trading Volume: 24,581,509

Technical Sentiment Signal: Sell

Current Market Cap: A$267.2M

For an in-depth examination of NTU stock, go to TipRanks’ Overview page.