EDITOR: | November 27th, 2014 | 6 Comments

Northern Minerals rise in the rare earth sector to third largest market cap worldwide

| November 27, 2014 | 6 Comments

Bauk-GeorgeNovember 27, 2014 —  In a special InvestorIntel interview, the Editor-in-Chief and Publisher Tracy Weslosky interviews  George Bauk, Managing Director and CEO for Northern Minerals Limited (ASX: NTU) on the ease of separation of rare earths from xenotime mineralization and their rise to the third largest marketcap outside of China.

Tracy Weslosky: George I want to start with what I think is the biggest news about Northern Minerals, which is how did you go from being number 18 in market caps in the sector a year and a half ago to number 3?

George Bauk: It’s been a really interesting last 9 months like you mentioned and I think in the second half of this year we’ve started to really get the recognition of getting all the licensing in place, getting the prefeasibility study complete, and being successful with fund raising. I think it’s all coming together and the confidence is there. As we’ve talked about in the past, the centerpiece is the xenotime and the ease of separation. I think people are starting to see the emergence of Northern Minerals, but the licensing of that is I believe really put us forward.

Tracy Weslosky: I think Northern Minerals is a great example of how actually maintaining a relationship with your shareholders works. I think you’ve put out 29 news releases since January. Is that correct George?

George Bauk: That’s about right, yes.

Tracy Weslosky: I picked out your most recent drilling results, the update on Browns Range project, the capital towards achieving your prefeasibility study was big news — your environmental approval, where would you like to start?

George Bauk: I have to be careful Tracy because you know I’ll end up going through all 29 of them. I think the one surrounding the licensing were quite instrumental because definitely as you’re heading towards the back end now looking for the large amount of capex to build the project, the financiers are really making sure that you’re shovel ready, you’ve got the approvals in place. I think starting off the tier one, the real key ones have been the environmental approvals, the mining lease granted, the native title agreement approved and then the prefeasibility study has really put the economics around it. I would center on those ones as being the highlights of 2014.

Tracy Weslosky: So let’s go right into the prefeasibility study. What is your schedule for this?

For the rest of the interview, click here

Disclaimer: Northern Minerals Ltd. (ASX: NTU) is an advertorial member of InvestorIntel.

Tracy Weslosky


Tracy Weslosky is the CEO for InvestorIntel Corp. and founder of InvestorIntel.com, a trusted source of online market information for investors in the capital markets, ... <Read more about Tracy Weslosky>

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  • Ernest

    No.3 in the world!

    Is the USA asleep? They rabbit on about their needs for Heavy rare earths and their criticality to their defence industries and take no notice of this company! Just leave it to the Chinese – no wonder USA is falling behind in almost every category of endeavour with the Chinese!!!


    November 27, 2014 - 7:44 PM

  • freethinking

    Sunday, November 07, 2010 MELBOURNE: US Secretary of State Hillary Clinton said on Saturday that US-Australian security talks will explore alternatives to China for supplies of key rare earth minerals used in high-tech weaponry


    Ernest I don’t think the US is asleep, and I wouldn’t be surprised to see the US fund this Australian project into production, in return for a secure non-Chinese supply of heavy rare earths – for the US this project is on friendly soil.

    In terms of Dysprosium distribution “recoveries” per kg, there isn’t a better project out there.

    November 28, 2014 - 1:26 AM

    • Tracy Weslosky

      This is to thank you for enhancing InvestorIntel with your thoughtful and well informed feedback. I am reviewing this story and asking George for a reply. Please do come again!

      November 28, 2014 - 2:29 PM

  • Ernest

    There is no better man and team to run a successful resource endeavour than George Baulk and his team.
    I still stick to the view that the USA is asleep on this fantastic company and resource.


    November 28, 2014 - 7:26 PM

  • merlion

    Well said, Ernest. George Bauk and Co have brought this project from greenfields 4 years ago to what you see today.

    That’s been an olympian performance from management.

    At the 2min55sec mark in the interview above, George says to Tracy (at the time of her interview) that he’s in New York with his CFO for talks on project funding. This is NOT George’s first visit to NY this year.

    The USA might be asleep, as you say. But there’s a party in NY that is very much awake and in the loop. Watch this space.

    George goes on to say the NTU Board will be evaluating all funding packages in Q1, 2015.

    November 28, 2014 - 9:31 PM

  • Ernest

    OK! Americans, get your money ready for the best rare earth investment in the world.
    No it isn’t a molycorp! As we say it is very fair dinkum!!!

    November 30, 2014 - 7:06 PM

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