Northern Minerals expects Tanami tenement package to fetch up to A$2.75m

Rare earths focused Northern Minerals, which is advancing the Browns Range project, in Western Australia, expects to raise up to A$2.75-million by selling a package of exploration licences in the Tanami region of the Northern Territory. Gold miner Northern Star will buy the exploration licences for A$1.25-million in cash and has agreed to pay a further A$1.5-million in cash upon establishing a one-million-ounce Joint Ore Reserve Committee-compliant inferred mineral resource on the tenements.