Northern Minerals visits Asian Metal

On 18 November, 2016, George Bauk, the CEO of Northern Minerals Ltd., Cai Bin, the alternative director and Mark Tory, the CFO of the company, visited Asian Metal. Eric Qiu, the analyst of Asian Metal, warmly welcomed them and had a discussion with the Northern Minerals.

Geroge talked about the change of shareholders, the current situation and next action of Browns Range Project. He said that their aim is to be the largest supplier of dysprosium and terbium oxide outside of China. Now the company is seeking cooperation with Chinese and Japanese companies. He recognized that the dysprosium content is no less than 2% in Electric Vehicles (EV) permanent magnets, and the Brown Range has verified reserves of 55.663 tons of rare earth oxide, including 2,294 tons of dysprosium oxide 99.5%min and 335 tons of terbium oxide 99.99%min. He is positive about the future prospect of heavy rare earth products.

Eric explained about the current situation of the production and consumption of heavy rare earth products, and pointed out current problems of heavy rare earth ore. Also, Eric told George the current prices of dysprosium oxide 99.5%min and terbium oxide 99.99%min and predicted broadly the market trend in the coming year.

George spoke highly of the Asian metal’s achievements in the field of rare earth information, and introduced the rare earth resources development in Australia. He said the two sides should make further contact on their project, involving rare earth products’ price, supply and demand and industrial data analysis.

Northern Minerals focuses on the production of the heavy rare earth element, especially dysprosium. The Company has a large landholding in Western Australia and the Northern Territory that is highly prospective for this element. With the development of its flagship project, the Browns Range Project, Northern Minerals aims to be the first significant world producer of dysprosium outside of China.