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Northern Minerals Limited ( (AU:NTU) ) just unveiled an update.
Northern Minerals has reported positive exploration results from four field programs completed in the first half of FY26 across the broader Browns Range project, including three drilling campaigns totaling 50 holes and an Ultrafine fraction soil geochemical survey of 772 samples. Reverse circulation drilling from the Regional Tracks program has defined a new heavy rare earths target, the Vulcan prospect, with broad zones of HREE-dominated mineralisation intercepted in mafic andesite, supporting a revised geological interpretation of Browns Range as a volcano-sedimentary arc sequence and opening up new lithological targets. Diamond drilling at the Rockslider prospect and around the Dazzler and Ripcord areas returned anomalous and significant TREO intersections that confirm target mineralisation and validate an updated geological model that will underpin a planned Dazzler Mineral Resource estimate update in Q4 FY26, while the soil program and regional target generation work have delivered new geochemical anomalies and advanced datasets to enhance future discovery potential across the project.
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, concentrating on exploration and development at its 100%-owned Browns Range Heavy Rare Earths Project in the East Kimberley region of Western Australia. The project area, which includes the world-scale Wolverine deposit and several other deposits and prospects such as Dazzler, Banshee, Area 5, Cyclops, Polaris, Mystique and Rockslider, targets heavy rare earth element mineralisation within a highly prospective 3,000 km² tenure near the Western Australia–Northern Territory border.
Average Trading Volume: 32,949,326
Technical Sentiment Signal: Hold
Current Market Cap: A$343.6M
See more data about NTU stock on TipRanks’ Stock Analysis page.