InvestSMART

Northern Minerals Limited (ASX:NTU)

ALERT: Price-sensitive ASX Announcement for NTU
Current share price for NTU : $0.026 0.001 (1.96%)+
Announcement
Release
31 Jul 2026 11:26AM
Price at Release
$0.026
Full Release
download
Summary
The June 2026 Quarterly Activities Report for Northern Minerals Limited outlines significant advancements in their heavy rare earths project at Browns Range, Western Australia. Key highlights include an updated Mineral Resource Estimate for the Dazzler Deposit, increasing contained TREO by 40%, and ongoing integration studies with the Wolverine Deposit. The report details progress in mining, geotechnical, and metallurgical studies, as well as the commencement of a 1,250 m diamond drilling program at the Vulcan Prospect. The company continues to work on securing project funding, with discussions ongoing with Australian and US government agencies. Financially, Northern Minerals held $33.6M in total cash and investments by the end of June 2026, while expenditure on exploration and evaluation activities reached approximately $1.59 million.
Key Points
  • Updated Mineral Resource Estimate for Dazzler Deposit increased contained TREO by 40%.
  • Integration studies with Wolverine continue to advance.
  • 1,250 m diamond drilling program commenced at Vulcan Prospect.
  • Ongoing project funding discussions with Australian and US government agencies.
  • Total cash and investments amounted to $33.6M as of June 30, 2026.
  • Expenditure on exploration and evaluation activities was approximately $1.59 million.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.