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The latest announcement is out from Northern Minerals Limited ( (AU:NTU) ).
Northern Minerals has reported positive preliminary metallurgical results from a blending study of ore from its high-grade Dazzler deposit with material from the main Wolverine deposit at the Browns Range Heavy Rare Earths Project. Laboratory test work by Bureau Veritas Minerals shows that blended ore achieved average Total Rare Earth Oxide (TREO) recoveries of about 79%, close to the 84% recovery achieved in the Definitive Feasibility Study using Wolverine ore alone, while still meeting concentrate specification targets. The study indicates Dazzler material could be incorporated into early-stage mine operations to increase TREO concentrate output during periods of spare processing capacity as Browns Range transitions from open pit to underground mining, providing potential upside to production without altering the standalone viability of the Wolverine-based mine plan. The company has completed metallurgical variability work on Dazzler and plans to release an updated Mineral Resource Estimate for the deposit in the fourth quarter of FY26, which could further inform future blending strategies and overall project optimisation.
The most recent analyst rating on (AU:NTU) stock is a Hold 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 an Australian heavy rare earths-focused company listed on the ASX, advancing its 100%-owned Browns Range Heavy Rare Earths Project in the East Kimberley region of Western Australia. The project is centred on the Wolverine deposit, with additional high-grade feed potential from nearby deposits such as Dazzler, positioning the company in the strategic supply chain for heavy rare earths used in advanced technologies.
Average Trading Volume: 44,928,891
Technical Sentiment Signal: Buy
Current Market Cap: A$362.7M
For an in-depth examination of NTU stock, go to TipRanks’ Overview page.