Northern Minerals awarded mining lease for Browns Range
PERTH (miningweekly.com) – ASX-listed junior Northern Minerals has been granted a mining lease for its Browns Range heavy rare earths project, in Western Australia, by the Department of Mines and Petroleum.
Northern Minerals told shareholders on Wednesday that the granting of the mining lease, covering the Wolverine, Gambit, Gambit West and Area 5 deposits, further de-risked the Browns Range project and maintained the target for construction to start in 2015, followed by production in 2016.
A prefeasibility study on the Browns Range project is scheduled for release before the end of the month. The Browns Range project currently has a mineral resource estimate of 4.13-million tonnes, at 0.68% rare-earth oxides (REOs), for 28 084 t of total REOs.
Meanwhile, Northern Minerals on Wednesday also said that it had submitted the project’s final assessment and proponent information report for environmental assessment, and was hoping to have the assessment completed by the end of July.
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