Ann: Appendix 3B, page-4

They still got a long way to go before they would get to 5 billion like LYC did and even then they can always do a 10:1 consolidation like Lyc did. LOL

As for business plans they were in the glossies but if you missed it here it is,


https://thewest.com.au/business/nor...o-fund-browns-range-initiatives-ng-b88700642z
Northern Minerals announce capital raising to fund Browns Range initiatives


Stuart McKinnon
Thursday, 28 December 2017 12:11PM
Stuart McKinnon

Northern Minerals managing director George Bauk.
Raising cash for a commodity that no one outside of China produces and few people have heard of has made the going tough for Northern Minerals.
But the company’s managing director George Bauk wants investors to know he is not shying away from the challenges and that the aspiring heavy rare earths’ miner is not standing still.
After three months on the road showcasing Northern Minerals’ plans for a 60,000tpa pilot plant at its flagship Browns Range project in the Kimberley, Mr Bauk yesterday announced a capital raising to fund a range of project enhancement initiatives.
The Browns Range pilot plant will produce a rare earth known as dysprosium, which improves the performance of permanent magnets operating at high temperatures and is used in electric vehicles and wind turbines.
Mr Bauk said the pilot plant’s construction was running on-time and on-budget for a June 30 finish date with first sale of product by September 30.
Yesterday’s $9.74 million funding package, comprising a private placement and a debt drawdown, is aimed at shoring-up the economics around Browns Range by expanding its scope.
The plan includes further exploration to bulk up its existing 8.98Mt resource and extend the mine’s life from 11 to more than 20 years, refining the model for its proposed full-scale plant, eyeing downstream processing options to achieve a higher value product and expanding into the light rare earths’ market through acquisitions.
Mr Bauk said the expansion initiatives were designed to position Northern Minerals as a globally significant rare earths’ producer.
“Permanent magnet producers have told us they want to lock in long-term supply arrangements and with further exploration, we can give them that,” he said.
The price of dysprosium is sitting around its 2017 average of $US180/kg after a short-lived spike to $US230/kg in August, but Mr Bauk is hoping an executive order by US President Donald Trump to reduce the superpower’s foreign dependence on “critical minerals” will bring dysprosium back into focus.
“Everyone knows about lithium and graphite now and Lynas Corporation is starting to make headway with rare earths, but outside of China, we have no one pushing for us,” he said.
Northern Minerals also yesterday announced plans for a $5 million share purchase plan priced at a discounted 7.8¢.