Slide 1: Wolverine Total Resource Doubled in a Major Upgrade of Browns Range
For personal use only Wolverine Total Resource Doubled in a Major Upgrade of Browns Range HRE Mineral Resource Estimate 26 February 2014
Slide 2: Important Notice
Important Notice This presentation has been prepared by Northern Minerals Limited (“Northern Minerals” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect t
Slide 3: Browns Range JORC Compliant Mineral Resource
Browns Range JORC Compliant Mineral Resource 6.48M tonnes @ 0.74% TREO totalling 47,997,000kg (47,997* tonnes) TREO For personal use only includes 4.37M tonnes @ 0.72% TREO Indicated 84% HREO content Browns Range Project – Global JORC compliant Mineral Resource Estimate as at February 2014 Deposit C
Slide 4: 37,497t TREO added from 2013 drilling campaign
37,497t TREO added from 2013 drilling campaign • The exploration target at the commencement of 2013 For personal use only was 22,000t to 29,000t TREO • Increased resource target achieved in 2013 due to 47,997t contained TREO 50,000t TREO depth continuation at Wolverine (down to 560m) and 1,204 4,177
Slide 5: Browns Range Dome
Browns Range Dome For personal use only • Northern Minerals 100% ownership and marketing rights of WA tenements where current resources are located • The dome is a major geological feature covering 1,500km2 (60km x 30km) –HRE mineralised faults/breccias probably developed during late stages of domin
Slide 6: 357% increase in Resource across 2013
357% increase in Resource* across 2013 Deposit Category Mt TREO TREO Dy2O3 Y2O3 Tb4O7 HREO TREO For personal use only % kg/t kg/t Kg/t Kg/t % Tonnes Indicated 4.37 0.72 7.2 0.61 4.07 0.09 83 31,615 Browns Range Inferred 2.12 0.77 7.7 0.64 4.25 0.09 86 16,382 Total1 Total1 6.48 0.74 7.4 0.62 4.13 0.0
Slide 7: Wolverine Resource upgrade – 264% increase
Wolverine Resource upgrade – 264% increase* For personal use only Category Mt TREO TREO Dy2O3 Y2O3 Tb4O7 HREO TREO % kg/t kg/t Kg/t Kg/t % Tonnes Indicated 2.66 0.89 8.9 0.78 5.17 0.12 89 23,705 Inferred 1.80 0.81 8.1 0.67 4.45 0.10 87 14,564 Total1 4.46 0.86 8.6 0.74 4.88 0.11 88 38,269 1 Rounding
Slide 8: Gambit West Resource
Gambit West Resource For personal use only Category Mt TREO TREO Dy2O3 Y2O3 Tb4O7 HREO TREO % kg/t kg/t Kg/t Kg/t % Tonnes Indicated 0.27 1.26 12.6 1.07 7.06 0.14 90 3,424 Inferred 0.12 0.64 6.4 0.54 3.67 0.07 85 753 Total1 0.39 1.07 10.7 0.91 6.04 0.12 89 4,177 1 Rounding may cause some computation
Slide 9: Gambit Resource
Gambit Resource For personal use only Category Mt TREO TREO Dy2O3 Y2O3 Tb4O7 HREO TREO % kg/t kg/t Kg/t Kg/t % Tonnes Indicated 0.05 1.06 10.6 0.92 6.62 0.12 97 533 Inferred 0.06 1.20 12.0 1.01 6.80 0.15 95 671 Total1 0.11 1.13 11.3 0.97 6.72 0.13 96 1,204 1 Rounding may cause some computational dis
Slide 10: Area 5 Resource
Area 5 Resource For personal use only Category Mt TREO TREO Dy2O3 Y2O3 Tb4O7 HREO TREO % kg/t kg/t Kg/t Kg/t % Tonnes Indicated 1.38 0.29 2.9 0.18 1.27 0.03 69 3,953 Inferred 0.14 0.27 2.7 0.17 1.17 0.03 70 394 Total1 1.52 0.29 2.9 0.18 1.26 0.03 69 4,347 1 Rounding may cause some computational disc
Slide 11: HRE Pipeline of Prospects – Northern Minerals
HRE Pipeline of Prospects – Northern Minerals For personal use only Production Reserves Gambit Wolverine CurrentResource Current Resource West Area 5 47,997tTREO 10,500t TREO Resources Gambit Cyclops Area 5 North Significant Drilling Dazzler Nightcrawler Intersections Banshee Mystique John Galt (Mai
Slide 12: Browns Range – the new HRE province
Browns Range – the new HRE province For personal use only Increased JORC compliant resource in excess of initial 2013 target Global resource now stands at 47,997 tonnes TREO Wolverine resource increased by 108% to 38,269 tonnes TREO 95 tonnes of bulk sample from Wolverine/Gambit West extracted for m