Northern Minerals (ASX: NTU) is a mineral exploration and development company with interests in heavy rare earth (HRE) elements, specifically dysprosium, lutetium and terbium. Northern Minerals has large landholdings in Western Australia (WA) and the Northern Territory which are highly prospective for these elements. Through the development of its flagship project in WA, the Browns Range Project, Northern Minerals aims to be the first significant world producer of dysprosium outside of China. Dysprosium is a key element in high performance permanent magnets, it makes them more powerful and more efficient. These characteristics are essential in achieving optimal performance in energy intense applications such as hybrid and electric vehicles, and wind turbines. Northern Minerals will develop the Browns Range Project in three stages, stage one will involve building a 60,000tpa pilot plant at Browns Range, stage two will include completing project development studies and undertaking the engineering and design to a BFS level, and stage three will be to build the full scale project. Northern Minerals is powered by a team of experienced, motivated and dedicated people. Our business culture is driven through a set of values we characterise as SPIRIT: safety, people, integrity, results, initiative and teams. Our team is committed to developing Northern Minerals interests in a responsible and ethical manner to ensure all stakeholders benefit from our operations.
