Northern Minerals Secures New Mining Lease for Western Australia Project, Shares Up 6%

MT Newswires Live
Sep 17

Northern Minerals (ASX:NTU) has been granted a new mining lease, M80/650, over its Browns Range project in Western Australia, according to a Wednesday Australian bourse filing.

The newly granted M80/650 replaces the previous mining lease M80/627, which was voluntarily surrendered upon the grant of M80/650, the filing added.

The company said that the new mining lease more than doubles the area covered under a mining lease at Browns Range from 4,923 to 10,458 hectares by converting existing NTU exploration tenure into the granted M80/650.

The expanded area includes priority targets for near-term exploration, and the lease has an initial term of 21 years until Sept 8, 2046, plus an additional term of 21 years.

The company's shares rose almost 6% in recent Wednesday trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10