$4m Loan Received Ahead of Schedule and Start of Drilling
Filed with ASX · · 2 pages · English
Summary by 6ix AI
Northern Minerals Limited has announced the receipt of a loan ahead of schedule, which will support its drilling program at the Browns Range Heavy Rare Earth Project. The loan, provided by Australia Conglin International Investment Group, is interest-free and non-recourse, confirming their support for the company's exploration efforts. The drilling program is set to commence this month, aiming to increase the total rare earth oxide resource significantly.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Northern Minerals Limited on 6ix
Earlier from Northern Minerals
- High grade HRE results upgrade Wolverine exploration target
- Further discoveries reinforce exploration potential at BR
- $6M interim funding facility further boost for Browns Range
- 2013/2014 R&D Rebate Received
- Exploration targets identified to increase project life
Later from Northern Minerals
- Browns Range delivers highest HRE intersections to date
- Underwriting of Options Secures Additional $1.2M
- Definitive drilling program underway at Browns Range
- Diamond Drilling Extends Wolverine HREE Mineralisation
- Exciting New HREE drill targets expand BrownsRange potential
Follow Northern Minerals into a list and get an email when it puts out news.
Follow Northern Minerals