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Northern Minerals Limited ( (AU:NTU) ) has shared an update.
Northern Minerals Limited has been granted a new mining lease, M80/650, for its Browns Range Project, expanding the area from 4,923 to 10,458 hectares. This expansion supports the development of the project as outlined in their recent Definitive Feasibility Study and enhances their exploration and project activities. The lease, which includes priority exploration targets, is valid for an initial 21 years with an option for an additional 21 years. This development positions Northern Minerals to strengthen its role in the heavy rare earths market, particularly in providing essential materials for electric vehicles, wind turbines, and defense applications.
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 (ASX: NTU) is an Australian company focused on the extraction and production of heavy rare earth elements, particularly dysprosium and terbium, from its Browns Range Project in the East Kimberley region of Western Australia. These elements are critical for manufacturing high-performance permanent magnets used in clean energy, military, and high technology applications. The company’s flagship deposit, Wolverine, is noted for being the highest-grade source of these elements in Australia, and Northern Minerals aims to provide an alternative supply to Chinese production.
Average Trading Volume: 4,566,437
Technical Sentiment Signal: Buy
Current Market Cap: A$292.5M
Learn more about NTU stock on TipRanks’ Stock Analysis page.