| Announcement Date: | 2022-10-10 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | JORC |
| Company name: | Northern Minerals Ltd. |
| Project name: | Browns Range |
| Location: | Australia |
| Commodities: | Rare Earth |
| Highlight: | Updated Resource Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Northern Minerals (ASX: NTU) is pleased to announce a substantial increase in the rare earth Mineral Resource estimate for its Wolverine development project (Wolverine) in northern Western Australia. Wolverine is a shear hosted deposit and is the most significant within the Browns Range mineralised system. The Wolverine Mineral Resource estimate will form the basis of the forthcoming proposed definitive feasibility study. CSA Global has prepared an updated Mineral Resource estimate for the Wolverine deposit and has reported it in accordance with the JORC Code1 , which is now estimated at 6.44 million tonnes at 0.96% TREO comprising 61,492 tonnes TREO using a cut-off grade of 0.15% TREO and is a 47% increase in tonnes of TREO from the previous estimate (Table 1, Figure 1). The Wolverine Mineral Resource increased compared to the 2015 estimate (Table 5) for the following reasons |
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