Northern Minerals released the final feasibility study report for its Browns Range heavy rare earth development project in Western Australia. The report indicates that the project is technically and economically feasible. The Browns Range rare earth mine is expected to produce 17,500 mt of xenotime concentrate annually, with a total rare earth oxide (TREO) grade of 25%, equivalent to a TREO content of 4,350 mt, and an all-in cost of $44.7/kg. Compared to other global rare earth deposits, the project has a unique elemental composition, characterized by high dysprosium and terbium content and relatively low light rare earth content. Northern Minerals stated that the Wolverine deposit within the project is one of the highest dysprosium- and terbium-bearing rare earth element deposits outside China. Upon commencement of production, which is expected as early as 2028, its dysprosium and terbium output could meet 8% of global demand, with a payback period of as fast as six years.