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2026-11-06
◂ Monitor NTU ASX

Northern Minerals Limited

DFS Unfunded Developer · Rare Earths · AU Rating locked: sign in to view v8.1 · ntu-20261106t144435-full
Last 2026-11-06
A$0.024
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$229.2M
EV
A$209.2M
Cash
A$19M
Debt
A$91.4K

Narrative and provenance

Research & Sources

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Chronological evidenceSource-document inventory7 documents
NTU reference close 6 Nov 2026 (A$0.024, fresh)Market Data · LowExtracted

Latest eligible ASX close on the cutoff date from the local market database (market data provider feed): close A$0.024, volume 5,057,741, status fresh.

Document ID
ntu_market_close_20261106
Published UTC
2026-11-06T06:00:00Z
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Commodities
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Quarterly Appendix 5B Cash Flow Report (quarter to 30 September 2026)Results · HighExtracted

Quarter to 30 Sep 2026: operating outflow A$13.3m, cash and cash equivalents A$19.0m, no equity or debt inflow, quarters-of-funding answer stating further funding is required.

Document ID
ntu_5b_sep26
Published UTC
2026-10-30T04:38:11Z
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September 2026 Quarterly Activities ReportOperations · HighExtracted

FEED 65.9% earned against 78.0% planned; FID still subject to funding; main infrastructure works approval granted 22 Oct 2026; cash and investments A$20.5m; EXIM and EFA letters are non-binding.

Document ID
ntu_qtr_activities_sep26
Published UTC
2026-10-30T04:55:51Z
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Annual Report to shareholders (FY2026, year to 30 June 2026)Results · HighExtracted

FY26 audited accounts: loss A$37.9m, operating cash outflow A$29.2m, cash A$7.8m plus A$25.8m term deposits at 30 June 2026, 9,548,507,513 shares, Browns Range Ore Reserve 5.18 Mt at 0.88% TREO and global MRE 11.8 Mt at 0.78% TREO; material going-concern uncertainty disclosed.

Document ID
ntu_ar_fy26
Published UTC
2026-10-29T21:11:15.000Z
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Secondary summaries of ex-China Dy and Tb oxide prices (SMM weekly review; Adamas transaction analysis), pre-cutoffCommodity Data · MediumMetadata Only

Search-result summaries only (page not fetched in full; the Fastmarkets Dy page fetched 2026-11-06 showed no price). SMM June 2026 review: ex-China FOB Dy oxide US$265-319/kg and Tb oxide US$1,096-1,184/kg. Adamas Feb 2026: most transactions near US$224/kg Dy and US$936/kg Tb. Used only as a disclosed spot cross-check; value_kind uncertain, confidence low.

Document ID
ntu_secondary_dy_tb_spot
Published UTC
2026-06-30T00:00:00Z
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Presentation - DFS Outcomes (15 Sep 2025)Presentation · MediumExtracted

Investor presentation summarising the DFS: base and divergence NPVs, IRR, payback, physicals, AISC A$44.70/kg TREO and capex.

Document ID
ntu_dfs_presentation_sep25
Published UTC
2025-09-15T00:01:11Z
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DFS - Browns Range Heavy Rare Earth Project (15 Sep 2025)Study · HighExtracted

Definitive feasibility study: 11-year LOM, 45,000 t TREO in concentrate, capex A$591.96m real Q4 2024, base-case post-tax NPV8 A$74m, pre-tax NPV8 A$187m, 8% real discount rate, CRU base and divergence price decks.

Document ID
ntu_dfs_study_sep25
Published UTC
2025-09-14T23:57:16Z
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Evidence facts6
fact-lease-8fLease liabilities per note 8(f), total

468458 AUD

2026-06-30
fact-lease-note10Total lease liabilities per note 10

91392 AUD

2026-06-30
fact-tb-30jun26Term deposits (other financial assets, current) 30 June 2026

25750000 AUD

2026-06-30
fact-cash-sep26-5bCash and cash equivalents 30 Sep 2026

19016000 AUD

2026-09-30
fact-td-gt90dTerm deposits over 90 days, not cash equivalents

1500000 AUD

2026-09-30
fact-mkt-close-20261106NTU close 6 Nov 2026

0.024 AUD/share

2026-11-06
Conflicts requiring judgment2
  • lease_liabilities

    None

  • cash

    Appendix 5B cash and cash equivalents A$19.0m (item 4.6) are used as cash; the A$1.5m of term deposits over 90 days is reported separately as an investment, consistent with the activities report A$20.5m total.