17 February 2026
17 February 2026
The company will pay $21,872 (€18,470) to Aya's subsidiary as part of the acquisition terms.
The testing includes mineralogical analysis and crush, grind and flotation studies on a 20kg bulk sample.
Located within EL 6126 in the Braemar Iron Region, the Ironback Hill REE project lies roughly 250km north-east of Adelaide.
The total value of the Mt Henry consideration increased from A$64.6m ($45.65m) previously to A$110m.
The assays from seven drill-holes did not reveal significant gold, silver or copper mineralisation.
The deal positions NOA to supply the mining sector with an estimated 1.5TWh of renewable energy annually.
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