49
NORTHERNMINERALS LTD
…
magnetic powers spell future potential
DID
?
YOU
KNOW
A major component of Northern Minerals’ rare earths is dysprosium – part of the rare earth magnet.
Dysprosium’s magnetic properties make it an important metal for hybrid vehicles including Toyota’s Prius.
As Northern Minerals’ Managing Director and Chief Executive Officer, George Bauk is responsible for leading
the company’s day-to-day management, stakeholder engagement, and delivering on promises made. With his
executive team, George produces strategic, business and budgetary plans that then frame Northern Minerals’
work programs and future activities.
George possesses clear ambition to develop the Browns Range operation, and has the energy and passion to
succeed. His diverse 20-year mining career has ranged across Australian and overseas exploration, site and
corporate level production, and varied commodities including rare earths since 2005. Considering his greatest
professional achievement so far, George nominates putting together the Northern Minerals’ team, which has
produced the results it has to date. “Without people, discoveries would remain unfound, flow sheets unknown,
finance unsecured, offtakers not established and resource projects not built”, explains George.
A member of the WA Mining Club for over a year, George finds the gatherings provide good opportunity to
network with friends, meet new people and listen to some outstanding stories.
Most admired business leader:
Steve Jobs
Likes doing away from work:
Family time, golf, photography, watching the mighty Blues
Future goals:
To be the best husband, father, friend and leader I can be
Preferred dinner guest:
My wife
Meet WAMC Member – George Bauk
Contact:
Northern Minerals Ltd
T: 08 9481 2344
E:
gbauk@northernminerals.com.au
www.northernminerals.com.au
Northern Minerals is a small cap explorer
focusing on exploring and developing
heavy rare earth elements (HREE)
at Browns Range, approximately
150
km south-east of Halls Creek and
adjacent to the Northern Territory border.
Following the initial discovery of HREE
at Browns Range in 2010, the company
produced its maiden JORC compliant
resource within the project’s Wolverine
area. Late in 2012, the company
announced a strategic offtake partner
with the scope to take 50% of production
from Browns Range. In early May 2013,
the company submitted its referral
document to the Environment Protection
Authority and commenced stage 1 of
a detailed stakeholder engagement
process including local communities.
The company’s potential customers
will likely come from Asia, Europe or
Northern America.
Three key ingredients to a successful
company are the people, its projects
and money. Northern Minerals’ team of
highly skilled, enthusiastic professionals
have substantial mining, exploration and
corporate experience. The Browns Range
project is significant in the heavy rare
earth space, and the company is yet
to truly test the project’s potential.
Funding for exploration is critical in
these current challenging financial
times. In February 2013 Northern
Minerals announced a funding package
of $58m through the support of its
major shareholder, Mr Conglin Yue.
After shareholder approval, these
funds will enable the company to
deliver its two year business plan,
complete feasibility studies and take
the project to the point of construction.