Treasurer Issues Disposal Orders for NTU Shares
Key points
- New Disposal Orders issued for ~17.6% of NTU shares held by six foreign shareholders
- Orders require divestment by 2 July 2026
- Northern Minerals welcomes the orders as an alignment with national security interests
Full summary
Northern Minerals Limited (ASX: NTU) announced that the Australian Treasurer has issued new disposal orders for approximately 17.58% of its shares held by six foreign shareholders. The orders require these shareholders to divest their holdings within 14 days of the order's commencement, with a deadline of 2 July 2026. The company welcomes these orders as a step towards aligning its share register with Australia's national security interests. Northern Minerals will continue to cooperate with relevant authorities and monitor its share register closely. The company is also assessing the impact of these orders on the timing of its 2025 Annual General Meeting and will keep shareholders updated.
Guidance
Northern Minerals targets a Final Investment Decision for Browns Range by 30 September 2026.
Outlook
Northern Minerals is confident that with the Federal Government's continued support, it will be able to advance Browns Range in line with Australia's national interest.
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