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Northern Minerals (NTU) investor relations material
Northern Minerals Q1 2027 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Browns Range advanced through FEED, approvals, procurement and construction-readiness work; FID and execution remain conditional on completing funding arrangements.
Main Infrastructure Works Approval was granted on 22 October 2026, completing approvals required to commence construction; first concentrate remains targeted for Q1 2029.
No substantive mining production or mine development activities occurred during the quarter.
Financial highlights
Cash and investments totalled $20.5M at 30 September 2026: $19.0M cash and cash equivalents and $1.5M term deposits.
FEED cost to date was $7.22M; quarterly FEED cash expenditure was ~$4.57M, with an additional $1.93M in site costs.
Quarterly exploration and evaluation expenditure was ~$2.46M; administration and corporate expenditure was ~$3.36M.
Reviewed estimates indicate capital costs rose broadly in line with WA mining inflation of ~6%-8% p.a. since December 2024; operating costs rose ~3%-4% p.a.
Outlook and guidance
First concentrate production remains targeted for Q1 2029, subject to completion of funding arrangements.
Process Plant EPC contract award remains scheduled for March 2027; December-quarter priorities include FEED close-out, approvals, procurement and construction readiness.
December-quarter work includes advancing the groundwater licence amendment and Part IV environmental application, completing technical reporting, and progressing Dazzler evaluation.
- Funding remains the gate to Browns Range FID despite strong DFS economics.NTU
H2 2026 - Advanced Browns Range Project targets FID in Q3 CY2026 and first production by Q4 CY2028.NTU
Q4 2026 TU - Browns Range targets FID by September 2026 to supply heavy rare earths by late 2028.NTU
Noosa Mining Conference 2026 - Advancing a high-grade rare earths project to supply critical materials for clean energy and electrification.NTU
Diggers and Dealers Mining Presentation - Net loss widened to $31.6M as Browns Range Project advanced, with major capital raised and DFS nearing completion.NTU
H2 2024 - Net loss increased to $16.0 million, with Browns Range DFS completed and major equity raised.NTU
H1 2026 - Browns Range advanced toward FID with major funding, exploration, and governance developments.NTU
Q2 2026 TU - DFS completed, funding secured, and Browns Range positioned for 2028 production.NTU
H2 2025 - Capital raised, project milestones achieved, and governance renewed amid market challenges.NTU
AGM 2024
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