- Last 2026-11-06
- A$0.024
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
- Locked: sign in to view
- Mkt cap
- A$229.2M
- EV
- A$195.6M
- Cash
- A$7.8M
- Debt
- A$0
3 newer ASX announcements not yet reflected in this valuation
- September 2026 Quarterly Activities ReportLatest Four Activities Reports
- Quarterly Appendix 5B Cash Flow ReportLatest Four Cash Flow Reports
- Annual Report to shareholdersLatest Annual Report
Investment view
Rating locked: sign in to viewOur rating, thesis and what the price implies are available to subscribers.
Sign in or enter a guest codeAnnouncements
Latest 12 of 16All sources ▸- June 2026 Quarterly Cash Flow ReportResults
- June 2026 Quarterly Activities ReportOperations
- Noosa Mining Investor Conference PresentationPresentation
- Appendix 5B Quarterly Cash Flow ReportResults
- Quarterly Activities ReportOperations
- Update to Dazzler Mineral Resource EstimateResource Update
- Half Yearly Report and AccountsResults
- Quarterly Cash Flow ReportResults
- Quarterly Activities ReportOperations
- Notification of cessation of securities - NTUCorporate Action
- Quarterly Cash Flow ReportResults
- Quarterly Activities ReportOperations
Event calendar · next 12 months
3 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| Remaining days of Q3 CY2026 target | Browns Range Final Investment Decision | Financing | Company Guided | High | Tests whether binding finance, FEED and approval work can support construction without excessive dilution. |
| September 2026 quarter | Dazzler integration study progress | Study | Company Guided | Medium | Potential high-grade blend is outside current reserve and could change early mine economics only after technical and permitting work. |
| September 2026 quarter | Vulcan drill assay and interpretation update | Exploration | Company Guided | Medium | Exploration evidence may define a future resource pathway but has no current DFS cash flow. |
Executive roster
As of 2026-09-26Background checks ▸2025 annual report executive directors and key management personnel reconciled to the 9 March 2026 management update; Belinda Pearce remains Financial Controller after leaving the Company Secretary role.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Adam Handley | Executive Chairman | Executive Director | — | Annual Report to shareholders |
| Shane Hartwig | Managing Director / CEO | Executive Director · Chief Executive | — | Annual Report to shareholders · June 2026 Quarterly Activities Report |
| Bin Cai | Executive Director | Executive Director | — | Annual Report to shareholders |
| Angela Glover | Chief Operating Officer | Operations | — | Annual Report to shareholders |
| Hayley Patton | Head of People and Culture | Senior Management | — | Annual Report to shareholders |
| Dale Richards | Head of Technical Services | Technical | — | Annual Report to shareholders |
| Gareth Fleming | Project Director | Operations | 2024-09-23 | Annual Report to shareholders |
| David Collins | Chief Financial Officer | Finance | 2026-03-09 | Management Update: CFO and joint company secretaries · Half Yearly Report and Accounts |
| Belinda Pearce | Financial Controller | Finance | — | Annual Report to shareholders · Management Update: CFO and joint company secretaries |
| Lucy Rowe | Joint Company Secretary | Company Secretary | 2026-03-09 | Management Update: CFO and joint company secretaries |
| Maria Clemente | Joint Company Secretary | Company Secretary | 2026-03-09 | Management Update: CFO and joint company secretaries |
devCoverage status: Complete As Disclosed
Portfolio detail
Assets
Core asset
Browns Range Heavy Rare Earths Project
Australia
100%-owned DFS-stage Wolverine development with FEED underway. FID by Q3 CY2026 is conditional on funding and final secondary approvals; Iluka supply agreement's 30 June 2028 performance trigger conflicts with current Q4 CY2028/Q1 CY2029 production guidance. Dazzler remains outside the DFS mine plan.
Project location
Approximate location
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Issuer-reported real Q4 2024 post-tax Base Case NPV8; capital excludes working capital, financing, sustaining capital and corporate development costs. Iluka contract pricing and combined 4.5% government/private royalty burden are embedded in the issuer DFS cash flows.
Issuer-reported real Q4 2024 pre-tax Base Case NPV8 using CRU Base Case prices and AUD:USD 0.65. Iluka contract pricing and royalty burden are already embedded.
Resources & reserves3
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Measured, Indicated and Inferred | 7.3M tonnes | 0.96% TREO | Rare Earths | 2025-01-15 |
| Mineral Resource | Indicated and Inferred | 340K tonnes | 2.1% TREO | Rare Earths | 2026-04-28 |
| Ore Reserve | Probable | 5.2M tonnes | 0.88% TREO | Rare Earths | 2025-09-15 |
Tenements2
Milestones2
- Final Investment Decision subject to funding
Pending · High materiality
- First concentrate production
Pending · High materiality
Permits & approvals3
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Section 45C amendment to Ministerial Statement 986 | Western Australia | Granted | — | No |
| Mine Development and Closure Proposal | Western Australia | Pending | — | Yes |
| Main project Works Approval Application | Western Australia | Pending | — | Yes |
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Browns Range Definitive Feasibility Study | DFS | Current | 2025-09-15 | Eleven-year concentrate operation with AUD592 million pre-production capital and material heavy rare earth pricing sensitivity. |
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
AUD33.569 million cash and liquid term deposits at 30 June 2026 is far below the AUD592 million DFS pre-production capital estimate; US EXIM and EFA interest is non-binding.
Capital structure
Ownership and dilution
- Ordinary shares
- 9.5B
- Fully diluted
- 9.6B
The Appendix 3H lists 9,544,154,113 quoted plus 4,353,400 unquoted ordinary shares, totalling 9,548,507,513. Adding 84,400,330 performance rights gives 9,632,907,843 fully diluted shares; the single Iluka call-option security expired unexercised. Iluka's Tranche 2B put/call expired on 31 December 2025; the conditional Tranche 2A placement is excluded until issue. No later ordinary-share issue was identified in reviewed issuer evidence.
Security classes2
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Quoted and unquoted ordinary fully paid shares | Ordinary Share | 9.5B | — | — |
| Unquoted performance rights | Performance Right | 84.4M | A$0 | — |
Company guidance2
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| Final Investment Decision | browns-range | Q3 CY2026 | — | — calendar quarter | Current |
| First Concentrate Production | browns-range | Q4 CY2028 / Q1 CY2029 | — | — calendar quarter | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2025-11-03 | RaisingOrdinary Fully Paid Shares | A$60.5M | 1.2B | A$0.051 | Completed | Institutional and sophisticated investor placement completed at AUD0.051 per share before costs.Max 1.2B · Period 2025-11-03 to 2025-11-03 |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
Annual report and DFS reconciled with the original Iluka agreement and later repayment/cessation disclosures; private royalty splits and updated Iluka condition dates are not public in reviewed sources.
Conditional supply of Browns Range xenotime concentrate to Iluka's Eneabba refinery, with security and step-in rights; outstanding conditions and 2028 milestone create contract risk.
Offtake · Conditional- Counterparties
- Iluka Resources Limited
- Applies to
- Browns Range Heavy Rare Earths Project · Rare Earths
- Economic direction
- Mixed
- Period
- From 2022-10-26; no end date stated
- Key terms
- Total contracted contained TREO: 30,500 tonnes TREO
Maximum annual contracted volume: 5,500 tonnes TREO/year
Price formula: fixed contained REO component plus realised-sale upside share and impurity adjustments
Historical milestone trigger: 2028-06-30
No valuation treatment is available for this arrangement.
Conditional post-FID equity participation can contribute at most AUD13.8 million at the cap; neither issuance nor proceeds is assumed at the cutoff.
Strategic Partnership · Conditional- Counterparties
- Iluka Resources Limited
- Applies to
- Browns Range Heavy Rare Earths Project · Rare Earths
- Economic direction
- Benefit
- Period
- From 2022-10-26; no end date stated
- Key terms
- Maximum new ordinary shares: 230,000,000 shares
Maximum subscription price: 0.06 AUD/share
No valuation treatment is available for this arrangement.
Combined government and private royalties are included in DFS project economics; individual private payees and terms are not disclosed.
Royalty · Active- Counterparties
- Western Australian Government · undisclosed private royalty holders
- Applies to
- Browns Range Heavy Rare Earths Project · Rare Earths
- Economic direction
- Burden
- Period
- From 2025-09-15; no end date stated
- Key terms
- Combined royalty rate: 4.5 %
No valuation treatment is available for this arrangement.
Native Title Agreement grants land access and requires social and economic benefits; specific consideration is not disclosed.
Other · Active- Counterparties
- Jaru Aboriginal Corporation RNTBC
- Applies to
- Browns Range Heavy Rare Earths Project · Rare Earths
- Economic direction
- Mixed
- Period
- Dates not stated
No valuation treatment is available for this arrangement.
Native Title Agreement grants land access and requires social and economic benefits; specific consideration is not disclosed.
Other · Active- Counterparties
- Tjurabalan Native Title Lands Aboriginal Corporation RNTBC
- Applies to
- Browns Range Heavy Rare Earths Project · Rare Earths
- Economic direction
- Mixed
- Period
- Dates not stated
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Bear, base and bull values, investment cases, project valuations and the equity bridge are available to subscribers.
Sign in or enter a guest codeResource-price transmission
Sensitivity lab
How our fair value responds to commodity prices and other drivers is available to subscribers.
Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
Evidence coverage improved through review of dated annual reports, appointment notices, current role biographies and company/regulator records through 9 October 2026. The sources establish key experience and role transitions for several executives, a reported zero-recordable-injury FY2025, and the completion of a Browns Range DFS. However, the company missed its 30 September 2026 FID target because funding negotiations remained ongoing; attribution to individuals is not established. A foreign-investment enforcement case resulted in penalties against an external shareholder and associate, not NTU or its executives; subsequent share-register directions and AGM deferrals remained unresolved at cutoff. NTU’s issuer page calls Bin Cai a non-executive director, while the later audited 2025 annual report and selected ledger call him an Executive Director; the dated annual report is preferred.
Decision-relevant facts
Material summary
Adam Handley
Executive Chairman
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 4
- No sufficiently corroborated, dated biography was located in the reviewed records for Adam Handley; prior employers, education, qualifications, concurrent directorships and exact role commencement remain gaps.
- Person-specific failure, fraud, legal, safety, environmental and governance coverage for Adam Handley is incomplete; open-web work documented here is not an exhaustive criminal, sanctions, litigation, reference or credential check.
- No independent public credential verification or complete dated chronology for Adam Handley was established; private and unindexed employment records were not available.
- No exhaustive person-level court, sanctions, criminal, regulator, safety or environmental record check was performed for Adam Handley; name-based searches can miss same-name and non-indexed records.
Shane Hartwig
Managing Director / CEO
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 4
- No sufficiently corroborated, dated biography was located in the reviewed records for Shane Hartwig; prior employers, education, qualifications, concurrent directorships and exact role commencement remain gaps.
- Person-specific failure, fraud, legal, safety, environmental and governance coverage for Shane Hartwig is incomplete; open-web work documented here is not an exhaustive criminal, sanctions, litigation, reference or credential check.
- No independent public credential verification or complete dated chronology for Shane Hartwig was established; private and unindexed employment records were not available.
- No exhaustive person-level court, sanctions, criminal, regulator, safety or environmental record check was performed for Shane Hartwig; name-based searches can miss same-name and non-indexed records.
Bin Cai
Executive Director
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 4
- No sufficiently corroborated, dated biography was located in the reviewed records for Bin Cai; prior employers, education, qualifications, concurrent directorships and exact role commencement remain gaps.
- Person-specific failure, fraud, legal, safety, environmental and governance coverage for Bin Cai is incomplete; open-web work documented here is not an exhaustive criminal, sanctions, litigation, reference or credential check.
- No independent public credential verification or complete dated chronology for Bin Cai was established; private and unindexed employment records were not available.
- No exhaustive person-level court, sanctions, criminal, regulator, safety or environmental record check was performed for Bin Cai; name-based searches can miss same-name and non-indexed records.
Angela Glover
Chief Operating Officer
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 4
- No sufficiently corroborated, dated biography was located in the reviewed records for Angela Glover; prior employers, education, qualifications, concurrent directorships and exact role commencement remain gaps.
- Person-specific failure, fraud, legal, safety, environmental and governance coverage for Angela Glover is incomplete; open-web work documented here is not an exhaustive criminal, sanctions, litigation, reference or credential check.
- No independent public credential verification or complete dated chronology for Angela Glover was established; private and unindexed employment records were not available.
- No exhaustive person-level court, sanctions, criminal, regulator, safety or environmental record check was performed for Angela Glover; name-based searches can miss same-name and non-indexed records.
Hayley Patton
Head of People and Culture
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 4
- No sufficiently corroborated, dated biography was located in the reviewed records for Hayley Patton; prior employers, education, qualifications, concurrent directorships and exact role commencement remain gaps.
- Person-specific failure, fraud, legal, safety, environmental and governance coverage for Hayley Patton is incomplete; open-web work documented here is not an exhaustive criminal, sanctions, litigation, reference or credential check.
- No independent public credential verification or complete dated chronology for Hayley Patton was established; private and unindexed employment records were not available.
- No exhaustive person-level court, sanctions, criminal, regulator, safety or environmental record check was performed for Hayley Patton; name-based searches can miss same-name and non-indexed records.
Dale Richards
Head of Technical Services
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 4
- No sufficiently corroborated, dated biography was located in the reviewed records for Dale Richards; prior employers, education, qualifications, concurrent directorships and exact role commencement remain gaps.
- Person-specific failure, fraud, legal, safety, environmental and governance coverage for Dale Richards is incomplete; open-web work documented here is not an exhaustive criminal, sanctions, litigation, reference or credential check.
- No independent public credential verification or complete dated chronology for Dale Richards was established; private and unindexed employment records were not available.
- No exhaustive person-level court, sanctions, criminal, regulator, safety or environmental record check was performed for Dale Richards; name-based searches can miss same-name and non-indexed records.
Gareth Fleming
Project Director
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 4
- No sufficiently corroborated, dated biography was located in the reviewed records for Gareth Fleming; prior employers, education, qualifications, concurrent directorships and exact role commencement remain gaps.
- Person-specific failure, fraud, legal, safety, environmental and governance coverage for Gareth Fleming is incomplete; open-web work documented here is not an exhaustive criminal, sanctions, litigation, reference or credential check.
- No independent public credential verification or complete dated chronology for Gareth Fleming was established; private and unindexed employment records were not available.
- No exhaustive person-level court, sanctions, criminal, regulator, safety or environmental record check was performed for Gareth Fleming; name-based searches can miss same-name and non-indexed records.
David Collins
Chief Financial Officer
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 4
- No sufficiently corroborated, dated biography was located in the reviewed records for David Collins; prior employers, education, qualifications, concurrent directorships and exact role commencement remain gaps.
- Person-specific failure, fraud, legal, safety, environmental and governance coverage for David Collins is incomplete; open-web work documented here is not an exhaustive criminal, sanctions, litigation, reference or credential check.
- No independent public credential verification or complete dated chronology for David Collins was established; private and unindexed employment records were not available.
- No exhaustive person-level court, sanctions, criminal, regulator, safety or environmental record check was performed for David Collins; name-based searches can miss same-name and non-indexed records.
Belinda Pearce
Financial Controller
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 4
- No sufficiently corroborated, dated biography was located in the reviewed records for Belinda Pearce; prior employers, education, qualifications, concurrent directorships and exact role commencement remain gaps.
- Person-specific failure, fraud, legal, safety, environmental and governance coverage for Belinda Pearce is incomplete; open-web work documented here is not an exhaustive criminal, sanctions, litigation, reference or credential check.
- No independent public credential verification or complete dated chronology for Belinda Pearce was established; private and unindexed employment records were not available.
- No exhaustive person-level court, sanctions, criminal, regulator, safety or environmental record check was performed for Belinda Pearce; name-based searches can miss same-name and non-indexed records.
Lucy Rowe
Joint Company Secretary
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 4
- No sufficiently corroborated, dated biography was located in the reviewed records for Lucy Rowe; prior employers, education, qualifications, concurrent directorships and exact role commencement remain gaps.
- Person-specific failure, fraud, legal, safety, environmental and governance coverage for Lucy Rowe is incomplete; open-web work documented here is not an exhaustive criminal, sanctions, litigation, reference or credential check.
- No independent public credential verification or complete dated chronology for Lucy Rowe was established; private and unindexed employment records were not available.
- No exhaustive person-level court, sanctions, criminal, regulator, safety or environmental record check was performed for Lucy Rowe; name-based searches can miss same-name and non-indexed records.
Maria Clemente
Joint Company Secretary
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 4
- No sufficiently corroborated, dated biography was located in the reviewed records for Maria Clemente; prior employers, education, qualifications, concurrent directorships and exact role commencement remain gaps.
- Person-specific failure, fraud, legal, safety, environmental and governance coverage for Maria Clemente is incomplete; open-web work documented here is not an exhaustive criminal, sanctions, litigation, reference or credential check.
- No independent public credential verification or complete dated chronology for Maria Clemente was established; private and unindexed employment records were not available.
- No exhaustive person-level court, sanctions, criminal, regulator, safety or environmental record check was performed for Maria Clemente; name-based searches can miss same-name and non-indexed records.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2025-10-27
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 7.73% | 646,250,091 | |
| 2 | 7.49% | 626,450,546 | |
| 3 | 7.40% | 619,071,000 | |
| 4 | 6.35% | 530,714,012 | |
| 5 | 5.10% | 426,287,294 | |
| 6 | 4.23% | 353,329,914 | |
| 7 | 3.86% | 322,743,589 | |
| 8 | 2.99% | 250,000,000 | |
| 9 | 2.69% | 225,000,000 | |
| 10 | 2.52% | 210,526,316 | |
| 11 | 2.48% | 207,218,042 | |
| 12 | 1.91% | 159,652,251 | |
| 13 | 1.88% | 156,833,095 | |
| 14 | 1.81% | 151,379,472 | |
| 15 | 1.49% | 125,000,000 | |
| 16 | 1.29% | 107,692,308 | |
| 17 | 0.98% | 81,927,548 | |
| 18 | 0.97% | 81,517,695 | |
| 19 | 0.94% | 78,947,368 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- The register is a dated list of registered accounts, not a complete beneficial-ownership register. Nominee and custody accounts may represent multiple underlying investors.
- Substantial-holder notices after the cited annual-report snapshot were not individually reconciled for this candidate; holdings may have changed by the review cutoff.
Sources
- Annual Report to shareholders
ASX / Northern Minerals Limited · Published 2025-10-27 · Accessed 2026-10-09
Dated registered ordinary-shareholder top-20 table and quantities/percentages.
2025/2025-10-27_Annual Report to shareholders.pdf, PDF page 148; shareholder register section
Disclosed activity
Insider transactions
Trading activity0 buys · 1 sell shownNet cash last 12 months no tradesShow chartHide chart
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2024-08-29 | Yuxiao Fund Pte Ltd
Details & evidence for Yuxiao Fund Pte Ltd on 2024-08-29As disclosed: Sale of 500,000,000 fully paid ordinary shares at A$0.019 per share; Yuxiao Fund ceased to be a substantial holder.
Ceasing to be a substantial holder - Yuxiao Fund Pte Ltd ↗ | SaleOrdinary shares | 500,000,000 | AUD 9,500,000.00 | AUD 0.019Disclosed price | — |
Disclosed holding observations1 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2024-08-29 | Yuxiao Fund Pte Ltd
Details & evidence for Yuxiao Fund Pte Ltd on 2024-08-29Cessation notice identifies the 500,000,000-share block sold; post-sale balance is not disclosed and is not assumed to be zero.
Ceasing to be a substantial holder - Yuxiao Fund Pte Ltd ↗ | ThresholdOrdinary shares | 500,000,000 | — |
The closest covered peers
Peer comparison
Peer comparison pending
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Narrative and provenance
Research & Sources
The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.
Sign in or enter a guest codeChronological evidenceSource-document inventory20 documents
NTU ASX ordinary share local historical close, 25 September 2026Market Data · HighExtracted
Local latest eligible ASX NTU ordinary share close: AUD0.027 with 19,516,944 shares traded; market data provider sourced by repository collector.
- Document ID
- market-price-20260925
- Published UTC
- 2026-09-25T06:00:00Z
- Projects
- —
- Commodities
- —
Treasurer amends July 2026 Interim DirectionsGovernance · MediumMetadata Only
Price-sensitive governance announcement identified in ASX listings; full announcement was inaccessible, so content is not analysed.
- Document ID
- treasurer-directions-20260810
- Published UTC
- 2026-08-10T01:51:00Z
- Projects
- —
- Commodities
- —
June 2026 Quarterly Cash Flow ReportResults · HighExtracted
Appendix 5B cash-flow statement and funding runway for the June 2026 quarter.
- Document ID
- q4-fy2026-cashflow
- Published UTC
- 2026-07-31T01:29:09Z
- Projects
- —
- Commodities
- —
June 2026 Quarterly Activities ReportOperations · HighExtracted
June 2026 quarter update on FEED, approvals, Dazzler studies, exploration, liquidity and targeted FID.
- Document ID
- q4-fy2026-activities
- Published UTC
- 2026-07-31T01:26:39Z
- Projects
- browns-range
- Commodities
- rare_earths
Noosa Mining Investor Conference PresentationPresentation · MediumExtracted
Investor presentation updating Browns Range positioning, DFS metrics, FEED and development milestones.
- Document ID
- noosa-presentation-2026
- Published UTC
- 2026-07-23T00:54:21Z
- Projects
- browns-range
- Commodities
- rare_earths
Appendix 5B Quarterly Cash Flow ReportResults · MediumExtracted
Appendix 5B cash-flow statement for the March 2026 quarter.
- Document ID
- q3-fy2026-cashflow
- Published UTC
- 2026-04-30T04:06:32Z
- Projects
- —
- Commodities
- —
Quarterly Activities ReportOperations · MediumExtracted
March 2026 quarter project, study, approvals, exploration and funding activities.
- Document ID
- q3-fy2026-activities
- Published UTC
- 2026-04-30T04:09:37Z
- Projects
- browns-range
- Commodities
- rare_earths
Update to Dazzler Mineral Resource EstimateResource Update · HighExtracted
Updated Dazzler Mineral Resource Estimate, increasing tonnage and contained TREO and upgrading 90% to Indicated.
- Document ID
- dazzler-mre-2026
- Published UTC
- 2026-04-29T01:40:13Z
- Projects
- browns-range
- Commodities
- rare_earths
Half Yearly Report and AccountsResults · HighExtracted
Half-year financial report for the six months ended 31 December 2025, including the placement and capital structure.
- Document ID
- half-year-2025
- Published UTC
- 2026-03-15T21:10:53Z
- Projects
- browns-range
- Commodities
- rare_earths
Management Update: CFO and joint company secretariesLeadership · MediumExtracted
David Collins appointed CFO; Lucy Rowe and Maria Clemente appointed joint company secretaries; Belinda Pearce remained Financial Controller.
- Document ID
- management-update-20260309
- Published UTC
- 2026-03-08T21:13:00Z
- Projects
- —
- Commodities
- —
Quarterly Cash Flow ReportResults · MediumExtracted
Appendix 5B cash-flow statement for the December 2025 quarter.
- Document ID
- q2-fy2026-cashflow
- Published UTC
- 2026-01-30T02:26:15Z
- Projects
- —
- Commodities
- —
Quarterly Activities ReportOperations · MediumExtracted
December 2025 quarter activities covering FEED, funding, exploration and corporate developments.
- Document ID
- q2-fy2026-activities
- Published UTC
- 2026-01-30T02:25:45Z
- Projects
- browns-range
- Commodities
- rare_earths
Notification of cessation of securities - NTUCorporate Action · HighExtracted
Appendix 3H confirming expiry of the Iluka call-option security and the post-change issued capital table.
- Document ID
- security-cessation-2026
- Published UTC
- 2026-01-08T06:14:38Z
- Projects
- —
- Commodities
- —
Quarterly Cash Flow ReportResults · MediumExtracted
Appendix 5B cash-flow statement for the September 2025 quarter.
- Document ID
- q1-fy2026-cashflow
- Published UTC
- 2025-10-31T00:42:53Z
- Projects
- —
- Commodities
- —
Quarterly Activities ReportOperations · MediumExtracted
September 2025 quarter project, exploration, permitting and corporate activities.
- Document ID
- q1-fy2026-activities
- Published UTC
- 2025-10-31T00:42:03Z
- Projects
- browns-range
- Commodities
- rare_earths
Annual Report to shareholdersResults · HighExtracted
Annual report containing audited financial statements, capital structure and project review for FY2025.
- Document ID
- annual-report-2025
- Published UTC
- 2025-10-27T05:00:12Z
- Projects
- browns-range
- Commodities
- rare_earths
Presentation - DFS OutcomesPresentation · HighExtracted
Investor presentation summarising DFS production, economics, financing needs and risks.
- Document ID
- dfs-presentation-2025
- Published UTC
- 2025-09-15T00:01:11Z
- Projects
- browns-range
- Commodities
- rare_earths
DFS - Browns Range Heavy Rare Earth ProjectStudy · HighExtracted
Definitive Feasibility Study for the 100%-owned Browns Range heavy rare earths development.
- Document ID
- dfs-2025
- Published UTC
- 2025-09-14T23:57:16Z
- Projects
- browns-range
- Commodities
- rare_earths
2025 - Wolverine Mineral Resource EstimateResource Update · HighExtracted
Updated Wolverine Mineral Resource Estimate, including open-pit and underground classifications and grades.
- Document ID
- wolverine-mre-2025
- Published UTC
- 2025-01-15T22:43:44Z
- Projects
- browns-range
- Commodities
- rare_earths
Northern Minerals enters strategic partnership with Iluka ResourcesEconomic Arrangement · HighExtracted
Original issuer announcement of Iluka supply and conditional equity funding terms.
- Document ID
- iluka-partnership-2022
- Published UTC
- 2022-10-26T00:30:00Z
- Projects
- browns-range
- Commodities
- rare_earths
Evidence facts73
0.027 AUD/share
2026-09-2519516944 shares
2026-09-250.026 AUD/share
2026-08-070.027 AUD/share
2026-08-103.73 quarters
2026-06-307819000 AUD
2026-06-3025750000 AUD
2026-06-3033569000 AUD
2026-06-30Q3 CY2026 None
2026-06-30Q4 CY2028 / Q1 CY2029 None
2026-06-30approved None
2026-06-30in assessment None
2026-06-3017.6 %
2026-06-30True None
2026-06-30True None
2026-06-30September 2026 quarter None
2026-06-30September 2026 quarter None
2026-06-30340000 tonnes
2026-04-282.1 % TREO
2026-04-287000 tonnes TREO
2026-04-2890 % of tonnes
2026-04-2860500000 AUD
2025-11-031186998295 shares
2025-11-030.051 AUD/share
2025-11-03True None
2025-11-04230000000 USD
2025-12-31David Collins; Lucy Rowe; Maria Clemente None
2026-03-09David Collins None
2026-03-09Lucy Rowe None
2026-03-09Maria Clemente None
2026-03-09Financial Controller None
2026-03-069544154113 shares
2026-01-084353400 shares
2026-01-0884400330 rights
2026-01-08-27400000 AUD
2025-06-30Northern Uranium; Northern Commodities; Northern P2O5; Northern Rare Earth Metals; Northern Xenotime None
2025-06-30Adam Handley None
2025-10-27Shane Hartwig None
2025-10-27Bin Cai None
2025-10-27Angela Glover None
2025-06-30Hayley Patton None
2025-06-30Dale Richards None
2025-06-30Gareth Fleming None
2025-06-30Belinda Pearce None
2025-10-2730 June 2028 None
2025-10-27True None
2025-10-27443000000 AUD
2025-09-15138 USD/kg TREO
2025-09-153270000000 AUD
2025-09-15635000000 AUD
2025-09-155180000 tonnes
2025-09-150.88 % TREO
2025-09-15592000000 AUD
2025-09-15129000000 AUD/year
2025-09-1531.25 AUD/kg TREO
2025-09-15187000000 AUD
2025-09-1574000000 AUD
2025-09-1512 %
2025-09-1510 %
2025-09-15107 USD/kg TREO
2025-09-154350 tonnes TREO/year
2025-09-1511 years
2025-09-154.5 % of revenue
2025-09-1550.9 USD/kg TREO
2025-08-2684 %
2025-09-155500 tonnes TREO/year
2025-09-157300000 tonnes
2025-01-150.96 % TREO
2025-01-1570500 tonnes TREO
2025-01-1530500 tonnes TREO
2022-10-26fixed contained REO component plus realised-price upside share and impurity adjustments None
2022-10-26230000000 ordinary shares maximum
2022-10-262025-12-31 None
2022-10-26Conflicts requiring judgment1
- contract performance trigger versus guided first production
None