ASX ANNOUNCEMENT

25 November 2021

AGM - Withdrawal of Resolutions

Australian heavy rare earths producer Northern Minerals Limited (ASX: NTU) (the Company) advises shareholders that the following resolutions have been withdrawn from consideration at the Company's 2021 Annual General Meeting to be held today at 10.00am (Perth time) at Level 3, 88 William Street, Perth WA 6000:

  • Resolution 6: Approval of 10% placement facility
  • Resolution 7: Ratification of previous issue of options under $20m placement
  • Resolution 9: Issue of performance rights to Mr Ming Lu
  • Resolution 10: Issue of performance rights to Mr Liangbing Yu
  • Resolution 11: Issue of performance rights to Mr Bin Cai

The withdrawal of these resolutions will not affect the validity of the proxy form provided in connection with the AGM or any proxy votes already submitted.

All other items of business included in Notice of Annual General Meeting of Shareholders and Explanatory Memorandum (announced on 25 October 2021) that have not otherwise been withdrawn will be put to shareholders at the AGM.

Authorised by Mark Tory - CEO

For further information:

For media and broker enquiries

Mark Tory

Michael Cairnduff

CEO

Cannings Purple

Northern Minerals

0406 775 241

+61 8 9481 2344

mcairnduff@canningspurple.com.au

About Northern Minerals:

Northern Minerals Limited (ASX: NTU) (Northern Minerals or the Company) is one of a few producers of heavy rare earth element Dysprosium outside of China via production from the Browns Range Heavy Rare Earth pilot plant project in northern Western Australia.

The Company commenced the production of heavy rare earth carbonate in late 2018 as part of pilot assessment of economic and technical feasibility of a larger scale development at Browns Range. An ore sorter was installed and commissioned during 2021 which will also be tested for its economic and technical feasibility at the front end of the pilot plant.

Through the development of its flagship project, the Browns Range Project (the Project), Northern Minerals aims to build the Western Australian operation into a significant world producer of dysprosium outside of China.

The Project is 100% owned by Northern Minerals and has several deposits and prospects containing high value dysprosium and other HREs, hosted in xenotime mineralisation.

Dysprosium is an essential ingredient in the production of DyNdFeB (dysprosium neodymium iron- boron) magnets used in clean energy, military and high technology solutions.

For more information: northernminerals.com.au.

ASX Code:

NTU

Market Capitalisation:

A$320.7m

Issued Shares:

4,859m

Cash (as at 31 Sept 2021)

A$14.3m

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Disclaimer

Northern Minerals Limited published this content on 25 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2021 00:59:05 UTC.