Northern Minerals Limited announced following recent in depth analysis of historical data from the John Galt Project that historical drilling assay results which confirm the dominance of high value, Heavy Rare Earth Elements. The results advance the Company’s development plans for the project.

John Galt project is in the East Kimberley region of northern Western Australia, and was acquired by Northern Minerals last year as part of its Rare Earth portfolio expansion. Historical exploration work in the 1970s identified xenotime hosted REE mineralization at three different zones of which only one was drilled.

The John Galt Main Zone was partially explored in 1973 with nine diamond drill holes returning intercepts of up to 17.9% TREO. Assessment of assay data from both rock chip and drill core samples which were assayed for a suite of REE shows the presence of high value HREE including on average 67% Yttrium and 9% Dysprosium of TREO. The average HREE content of the TREO is 94%.

Mr George Bauk MD of Northern Minerals said that the assessment of the historical assay data was highly encouraging and marks a significant step forward with the John Galt project. Drilling assays up to 17.9% TREO are exciting, and the high concentration of HREE is particularly important, given the global shortage of supplies of heavy rare earths and the fact that the vast majority of expected near term new rest of world rare earths production is light REE. The results of the recent analysis will help fast track exploration and development at John Galt.

He said that from the perspective of our Company the dominance of HREE at both John Galt and Browns Range is particularly significant, given the strong prices and extremely tight global supply outlook for the heavy rare earths in the foreseeable future. The collation and assessment of the historical assays at John Galt will help bring forward the Company’s development plans, particularly as REE prices continue to surge and significant world supply shortages loom for HREE.