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10 April 2015
Dear Shareholder
I am pleased to invite Northern Minerals’ shareholders to a briefing in Perth, Brisbane, Sydney,
Melbourne and Adelaide during May 2015.
Since our shareholder briefings in October, the Company has achieved a number of significant
milestones including completion of the Browns Range Project’s Definitive Feasibility Study (DFS),
increase in Mineral Resource and Reserve and announced a major $49.5M* funding partnership
with Jien Mining.
The DFS has delivered a number of improvements in the economics from the Pre-feasibility
Study in June 2014 such as an increase in Net Present Value to $552M, extended life of mine to
11 years and a 6% decrease in operating costs. These positive outcomes offset the slight
increase in the Project’s pre-production capital cost and reset of production timeline.
The announcement of the $49.5M* funding partnership with Jien Mining is an important step
forward in the Project’s funding strategy. With $5M received to date and due diligence nearing
completion the Company is looking forward to working with Jien Mining and leveraging its
financial strength, and mining experience to progress the Browns Range Project to construction.
Shareholder briefings will be held from 12pm to 1pm on the following dates and locations:
Perth: Friday 1 May
Level 1, 675 Murray Street
West Perth
Sydney: Tuesday 5 May
Level 4, Plaza Building Australia Square
95 Pitt Street, Sydney
Adelaide: Friday 8 May
Level 5, City Central, Tower 2
121 King William Street, Adelaide
Brisbane: Monday 4 May
Level 18, Riverside Centre
123 Eagle Street, Brisbane
Melbourne: Thursday 7 May
Level 27, Rialto Tower (South)
525 Collins Street, Melbourne
In addition to myself and Linda Reddi, I am pleased to advise that Robin Jones, Project Manager
will also attend the briefings to speak to shareholders in regards to the results of the DFS.
On behalf of the Board I would like to thank you for your ongoing support and look forward to
once again personally sharing our latest achievements with you at one of the briefings.
Yours sincerely
George Bauk
Managing Director / CEO
*subject to due diligence and shareholder approval