NORTH077 Annual Report 2020 V5.2 DIGITAL

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NORTHERN MINERALS LIMITED
DIRECTORS’ REPORT FOR THE YEAR ENDED 30 JUNE 2021
DIRECTORS’ MEETINGS & AUDIT AND REMUNERATION COMMITTEE MEETINGS
The numbers of meetings of the Company’s board of directors and of each board committee held during
the year ended 30 June 2021, and the number of meetings attended by each director while they were
a director was as follows:
Director Board Meetings Audit Committee Remuneration
Committee
A B A B A B
Colin McCavana 11 11 2 2 - -
Adrian Griffin 4 4 1 1 - -
Yanchun Wang - 11 - 2 N/A N/A
Ming Lu 10 11 2 2 N/A N/A
Bin Cai 11 11 2 2 N/A N/A
Liangbing Yu 7 7 1 1 N/A N/A
A – meetings attended
B – meetings held during the time the director held office
DIRECTORS’ INTERESTS IN THE SHARES AND OPTIONS OF THE COMPANY
As at the date of this report, the interests of the directors in the shares and options of the Company
were:
Director (direct and
indirect holdings)
Ordinary Shares Performance Rights Options
Colin McCavana - - -
Ming Lu - - -
Bin Cai 5,600,000 - -
Liangbing Yu - - -
DIVIDENDS
No dividends have been paid or declared by the Company during the financial year or subsequent to
the year end.
PRINCIPAL ACTIVITIES
The principal activity of the Company during the course of the financial year was the operation of a pilot
scale project aimed at assessing the technical and economic feasibility of a full-scale commercial
operation at its Browns Range Pilot Plant Project.
REVIEW OF OPERATIONS
During the year, the Company continued operation at the Browns Range Pilot Plant Project. The pilot
plant project is a three-year research and development project, to assess the economic and technical
feasibility of a full-scale plant and forms part of a broader ongoing economic and technical feasibility
study underpinning the Browns Range Pilot Plant Project.
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NORTHERN MINERALS _ ANNUAL REPORT 2021