Northern Minerals: PCF Capital engaged for Browns Range HRE production financing strategy
January 2, 2014 (Source: Northern Minerals) — Northern Minerals (ASX: NTU) is pleased to advise it has engaged PCF Capital Group to provide a range of strategic financing and corporate advisory services.
PCF Capital (PCF) is an independent corporate advisory and institutional stock broking firm based in Perth, with specialist expertise in the mining and resources sector.
Northern Minerals Managing Director George Bauk said the partnership with PCF would help position the business to take the next steps toward production at its Browns Range HRE project.
“PCF has a well-regarded advisory team with a strong track record in the local resources sector, and we think this partnership offers significant opportunity for our business at this stage of development,” Mr Bauk said.
“We hope to be able to leverage the full breadth of PCF expertise over time to help take Browns Range into production by 2016 and generate value for our shareholders.”
PCF Managing Director Liam Twigger said: “The combination of excellent management, high grade, low capex and a well-defined pathway to production makes Northern Minerals a standout opportunity for PCF Capital, and we are delighted to be its investment banking partner.”
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Mr Bauk said the appointment of PCF followed an outstanding year in 2013, which featured a significant funding agreement, outstanding exploration results, a major upgrade in resources and a well advanced scoping study program.
About PCF Capital
PCF Capital Group is an independent, corporate advisory firm focused on serving clients in the resource sector. PCF Capital Group was founded in 1999 in Perth, and its team has more than 100 years experience in investment banking, corporate finance and all facets of mining and exploration activities.
PCF’s clients represent a broad range of mining companies including exploration focused juniors, growth oriented mid-tiers and globally diversified mining majors. Its services include corporate advisory, equity capital markets, institutional stock broking and research, asset divestment, project finance solutions and asset and equipment finance.
About Northern Minerals:
Northern Minerals Limited (ASX: NTU) is focused on development of rare earth elements (REE), with a large and prospective landholding in Western Australia and the Northern Territory. The Company’s flagship project is Browns Range, where it has a number of prospects with high value HRE in xenotime mineralisation. In particular, the mineralisation includes high levels of dysprosium and yttrium, which are in short supply globally and expected to be increasingly sought after as world economies stabilise and recent trends in urbanisation and technology diffusion, particularly in Asia, accelerate. Following outstanding results from its drilling programs the Company has delivered an expanded JORC resource, and is advancing Browns Range toward production using a relatively simple and low cost processing flowsheet to produce a high grade mixed Rare Earth oxide. Northern Minerals also has a HRE exploration program underway at the geologically similar John Galt project and Boulder Ridge Project. For more information www.northernminerals.com.au
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