Northern Minerals initial JORC compliant resource estimate
December 21, 2012 (Source: Northern Minerals) — Initial JORC compliant resource estimate at Browns Range project, with 1.44Mt @ 0.73% TREO at Wolverine deposit including dysprosium grades averaging 728ppm within the Indicated Resource.
Resource dominated by high value dysprosium and yttrium – HREO comprises 89% of TREO within the Indicated Resource.
Work commenced on increasing resource at Wolverine, including significant deep drilling
program targeting mineralisation below 150m vertical depth.
2013 exploration program to expand global resource targeting Gambit Central, Gambit West and Area 5.
Metallurgical results to date have produced a 30% mineral concentrate.
Northern Minerals (ASX: NTU) is pleased to announce the initial JORC compliant resource estimate for the Wolverine prospect at its Browns Range Project in northern Australia.
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AMC Consultants Pty Ltd was commissioned by Northern Minerals to complete an independent estimate of Mineral Resources at the Wolverine deposit. A summary of the Mineral Resource estimate is provided as an attachment “Browns Range Rare Earth Project Mineral Resource Statement”.
The Total Mineral Resource at Wolverine is estimated at 1.44Mt @ 0.73% TREO comprising 10,500t TREO using a cut-off grade of 0.15% TREO.
Details of the classification of the total resource into Indicated and Inferred resource categories are as follows:
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