Northern Minerals Secures EIS Funding for Western Australian Project Drilling Program

MT Newswires Live
01-16

Northern Minerals (ASX:NTU) has received up to AU$180,000 in co-funding under the Western Australian Government's Exploration Incentive Scheme (EIS) for drilling at its Browns Range project, according to a Wednesday filing with the Australian bourse.

The funding will support a program aimed at exploring hydrothermal feeder systems beneath the Dazzler deposit at the project, the filing said.

The drilling, comprising five holes totaling 1,150 meters, follows earlier exploration that defined an inferred resource at the deposit of 210,000 tonnes at 2.33% Total Rare Earth Oxide (TREO), the filing added.

Northern Minerals is also finalizing an updated resource estimate and feasibility study for the project, the company said.

Price (AUD): $0.02, Change: $+0.0020, Percent Change: +10.00%

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