SPP to fund growth initiatives and Browns Range taking shape
Filed with ASX · · 4 pages · English
Summary by 6ix AI
Northern Minerals Limited has announced the opening of a share purchase plan to fund growth initiatives and the development of the Browns Range Pilot Plant Project. The pilot plant is under construction in Western Australia, with significant progress reported in equipment delivery and installation. The company aims to become a leading producer of dysprosium outside of China, with production expected to commence in the third quarter of the following year.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Northern Minerals Limited on 6ix
Story so far
Earlier from Northern Minerals
- $9.7M funding package, SPP and strategic development plans
- Construction of Browns Range Pilot Plant on Time
- Mining campaign completed on time, on budget and more tonnes
- NTU Exploration review demonstrates additional HRE potential
- Browns Range Project Update
Later from Northern Minerals
- Operational readiness progressing at Browns Range RE Project
- High grade exploration results underpin regional potential
- SPP extended to 12 February 2018 following strong demand
- NTU SPP expanded to $15 million following strong demand
- NTU December Quarter R&D Funding Received
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