Slide 1: Upgrade to HRE Resource at Browns Range
For personal use only Upgrade to HRE Resource at Browns Range October 2013
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 Resource
Browns Range JORC Compliant Resource JORC compliant resource at Browns Range combined; For personal use only 4.13M tonnes @ 0.68% TREO totalling 28,084 tonnes TREO includes 2.53M tonnes @ 0.72% TREO Indicated 82% HREO content – with dominance of dysprosium and yttrium Wolverine revised JORC complain
Slide 4: Browns Range Dome
Browns Range Dome For personal use only • Northern Minerals 100% ownership and marketing rights (excluding Toro JV tenements where NTU earning up to 80%) • The dome is a major geological feature covering 1,500km2 (60km x 30km) –HRE mineralised faults/breccias probably developed during late stages of
Slide 5: 165% increase in Resource in 2013
165% increase in Resource* in 2013 Deposit Category Mt TREO TREO kg/t Dy2O3 Y2O3 HREO TREO For personal use only % kg/t Kg/t % Tonnes Indicated 2.53 0.72 7.2 0.61 4.03 83 18,216 Total1 Inferred 1.60 0.63 6.3 0.53 3.49 80 10,080 Total1 4.13 0.68 6.8 0.58 3.82 82 28,084 * The upgrade marks a 165% incr
Slide 6: Wolverine Resource upgrade – 75% increase
Wolverine Resource upgrade – 75% increase* For personal use only Category Mt TREO TREO Dy2O3 Y2O3 HREO TREO % kg/t kg/t Kg/t % Tonnes Indicated 1.57 0.87 8.7 0.77 5.08 90 13,659 Inferred 0.57 0.82 8.2 0.72 4.66 88 4,674 Total1 2.14 0.86 8.6 0.76 4.97 89 18,404 1 Rounding may cause some computational
Slide 7: Wolverine resource and future potential
Wolverine resource and future potential For personal use only 7
Slide 8: Gambit West Initial Resource
Gambit West Initial Resource For personal use only Category Mt TREO TREO Dy2O3 Y2O3 HREO TREO % kg/t kg/t Kg/t % Tonnes Indicated 0.11 1.42 14.2 1.24 8.07 89 1,562 Inferred 0.25 1.11 11.1 0.98 6.64 85 2,775 Total1 0.36 1.2 12.0 1.06 7.08 88 4,320 1 Rounding may cause some computational discrepancies
Slide 9: Gambit Initial Resource
Gambit Initial Resource For personal use only Category Mt TREO TREO Dy2O3 Y2O3 HREO TREO % kg/t kg/t Kg/t % Tonnes Indicated 0.05 0.94 9.4 0.87 6.00 97 470 Inferred 0.06 1.11 11.1 1.01 7.29 95 666 Total1 0.11 1.03 10.3 0.95 6.68 96 1,133 1 Rounding may cause some computational discrepancies Average
Slide 10: Area 5 Initial Resource
Area 5 Initial Resource For personal use only Category Mt TREO TREO Dy2O3 Y2O3 HREO TREO % kg/t kg/t Kg/t % Tonnes Indicated 0.8 0.3 3.0 0.20 1.27 68 2,400 Inferred 0.72 0.27 2.7 0.19 1.19 71 1,944 Total1 1.52 0.28 2.8 0.2 1.23 70 4,256 1 Rounding may cause some computational discrepancies Average U
Slide 11: Pipeline of Prospects
Pipeline of Prospects For personal use only Production Reserves Gambit Wolverine Targeting total resource of CurrentResource Current Resource 33,000 - 40,000t TREO * West Area 5 28,084tTREO 10,500t TREO Resources Gambit Significant Drilling Cyclops Intersections Banshee Mystique Area 5 North Wolveri
Slide 12: Browns Range – the new HRE province
Browns Range – the new HRE province For personal use only Increased JORC compliant resource by 165% Global resource now stands at 28,084 tonnes TREO Wolverine resource increased by 75% to 18,404 tonnes TREO Exploration upside – targeting increase in global mineral resource Based on October 2013 Wolv