REG - New Frontier Mineral - Bulk Sample from Cusp and new prospect identified

New Frontier MineralsAnnouncement

13/08/2025 07:00

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RNS Number : 0710V  New Frontier Minerals Limited  13 August 2025

New Frontier Minerals Limited / Index: LSE & LSE / Epic: NFM / Sector:
Industrial Metals and Mining

 

13 August 2025

New Frontier Minerals Limited

("NFM" or the "Company")

 

Bulk Sample from Cusp and new prospect identified

ahead of inaugural drill program

 

New Frontier Minerals Limited (LSE/ASX: NFM) is pleased to announce the
geology team has identified additional high-priority targets for drill-testing
at its Harts Range Project, located 140km north-east of Alice Springs in the
Northern Territory, Australia.

 

While waiting for regulatory approval required for inaugural drilling campaign
to commence, the Company has collected a 25kg bulk sample from the Cusp
Prospect with the sample submitted to Intertek for comprehensive analysis.
 Additionally, assay results from the July 2025 field program have confirmed
a new drill target at the Headingley Prospect, located approximately 620
metres west of the mineralised Bobs Prospect.

 

Highlights

·    Ahead of the upcoming drilling campaign, the geology team has
collected a 25kg bulk sample from the Cusp Prospect for comprehensive
geochemical analysis

·    The bulk sample was taken from the HRS004 sample site which previously
returned grades¹ of up to 9.97% TREO (including 1.13% Dy(2)O(3), 0.18%
Tb(4)O(7)), 25.46% Nb(2)O(5) and 4.77% Ta(2)O(5)

·    Assay results from the newly identified Headingley Prospect confirm
Rare Earth and Titanium mineralisation within the 2.3 kilometre mineralised
corridor along strike from the Cusp, Bobs, Paddington, Westminster, and Old
Trafford prospects, with results including:

o  HRS067: 0.73% TREO (inc 0.031% Dy(2)O(3), 0.006% Tb(4)O(7))

o  HRS068 and HRS071: 1.8% TiO(2) and 2.3% TiO(2) respectively

·    Australia's Rare Earth sector gains momentum with a proposal for a
floor price and national offtake agreements positioning the Hart Range Project
to benefit from critical minerals initiatives(4)

·    NFM has commenced regulatory approvals for its maiden Reverse
Circulation (RC) drilling campaign at Harts Range, planned for Q3 FY25

 

Chairman Gerrard Hall commented: "The collection of this bulk sample marks an
important milestone in executing our strategy and commitment to a systematic
exploration approach to ensure confidence in the project's potential. This
approach not only enhances our understanding of the mineral system but also
positions NFM to make a significant discovery. Additionally, assay results
from the Headingley Prospect confirm rare earth mineralisation and titanium
oxide grades of up to 1.8% and 2.3% within a 2.3 km corridor extending from
nearby prospects. The high-grade multi commodities reinforces the mineral
potential of the area and underscores the opportunity to unlock value for
shareholders as we ramp up exploration activities."

 

BULK SAMPLE COLLECTED FROM CUSP PROSPECT

The 25 kg bulk sample was collected from the Cusp Prospect within the Harts
Range Project (Figures 1a and 1b). The sample was taken from the outcrop which
comprised of clustered fragments of mineralised pegmatite containing
samarskite which were readily identifiable by weight and colour, enabling
efficient bulk sample collection.

 

Previous surface sampling (HRS004) at the Cusp Prospect has returned
high-grade heavy rare earth mineralisation, with assays from earlier campaigns
reporting grades(1) up to 9.97% TREO (including 1.13% Dy(2)O(3), 0.18%
Tb(4)O(7)), 25.46% Nb(2)O(5) and 4.77% Ta(2)O(5) (Figure 2 & 3).

 

 Figures 1a and 1b: Bulk sample collected from Cust Prospect (Location:
 507859E, 7447754N) (Source: NFM Team)

Figures 1a and 1b: Bulk sample collected from Cust Prospect (Location:
507859E, 7447754N) (Source: NFM Team)

 

Visual Estimates ASX Disclosures - Figure 1a and 1b

 

Figures 1 a) and b) show a 25 kg bulk sample collected from surface to ~0.3
metres deep containing mineralised pegmatite rock and soil, which included
small fragments to golf ball and large baseball sized clusters of samarskite
material at the Cusp Prospect.

 

Results from the geochemical analysis will be available in approximately one
months' time. More details of these bulk samples are given in Appendix A,
which also lists an estimate range of samarskite (1-2%) concentration that
will be updated by laboratory assay.

 

Cautionary Statement

Visual estimates of mineral abundance should never be considered a proxy or
substitute for laboratory analyses where concentrations or grades are the
factor of principal economic interest. Visual estimates also potentially
provide no information regarding impurities or deleterious physical properties
relevant to valuations.

 

 Figure 2: Cusp Prospect rock chip and bulk sample location map (Source: NFM
 Team)²

 SAMPLE  PROSPECT  TREO%  Dy2O3%  Tb4O7%  Nb2O5%  Ta2O5%  HREO: TREO
 HR419   CUSP      11.91  1.19    0.21    22.89   11.39   79.27
 HR420   CUSP      0.35   0.04    0.01    1.57    0.11    83.45
 HR421   CUSP      14.87  1.78    0.29    32.47   6.74    83.14
 HR480   CUSP      16.61  1.94    0.31    30.04   8.60    85.75
 HR481   CUSP      7.32   0.84    0.12    23.32   13.43   88.79
 HR482   CUSP      17.83  2.16    0.34    33.19   7.19    85.81
 HR483   CUSP      16.80  2.00    0.32    32.90   8.05    85.40
 HR484   CUSP      0.11   0.01    0.00    1.37    0.09    77.61
 HR485   CUSP      16.59  2.01    0.32    32.04   7.18    85.14
 HR486   CUSP      15.61  1.87    0.30    29.47   5.39    85.12
 HR487   CUSP      17.17  2.04    0.32    28.61   6.39    86.37
 HR488   CUSP      16.30  1.97    0.31    27.75   5.69    85.49
 HR490   CUSP      15.04  1.71    0.28    25.75   7.71    85.04
 HRS003  CUSP      11.86  1.29    0.21    29.80   6.26    83.03
 HRS004  CUSP      9.97   1.13    0.18    25.46   4.77    85.66
 HRS011  CUSP      14.15  1.68    0.26    31.48   5.81    85.73
 HRS012  CUSP      12.74  1.25    0.17    19.73   9.13    89.60

 Figure 3: Cusp Prospect sample results (Source: NFM Team)²

 

DISCOVERY OF NEW DRILL TARGET AT HEADINGLEY PROSPECT

Assay results from the July 2025 field campaign have identified additional
heavy rare earth and titanium mineralisation, extending the mineralised
corridor along strike from the Cusp, Bobs, Paddington,  Westminster and Old
Trafford Prospects (Figure 4).

 

Analysis of the geochemical results from the newly identified Headingley
Prospect have confirmed the occurrence of rare earth and titanium
mineralisation within a 2.3 kilometre mineralised corridor extending along
strike from the Cusp, Bobs, Paddington, Westminster, and Old Trafford
prospects. Notable results include HRS067, which returned 0.73% TREO,
incorporating 0.031% Dy₂O₃ and 0.006% Tb₄O₇, and HRS068 and HRS071,
which recorded titanium grades of 1.8% TiO₂ and 2.3% TiO₂ respectively.

 

 Table 1: Headingley Prospect sample results (Source: Intertek Assay Results3
 refer to Appendix C).

 Figure 4: New prospect Headingley discovered from July 2025 Harts Range field
 program

Figure 4: New prospect Headingley discovered from July 2025 Harts Range field
program

 

 

The newly identified Headingley Prospect located approximately 620 metres west
of the Bobs Prospect, is seen to be hosted within a mineralised amphibolite
unit. Field observations identified a ferruginous, dark black-green
amphibolite unit along a shear zone, in contact with an unmineralised
pegmatite. This unit is likely a continuation of the Old Trafford structure,
located approximately 70 metres further west.

 

Rock samples from the site are notably dense and returned readings of
approximately 10 μSv/h, consistent with mineralisation observed at the Old
Trafford Prospect. Preliminary field identification suggests finely
disseminated samarskite within the altered amphibolite matrix. The amphibolite
unit is oriented in an east-west direction, reinforcing the structural context
to the mineralised setting.

 

 

 Figure 5: Strongly sheared and ferruginous amphibolite outcrop at the
 Headingley Prospect Sample HRS069 (Location: 505697E, 7447488N)

 

AUSTRALIAN GOVERNMENT'S PROPOSED FLOOR PRICE ON RARE EARTHS

The Albanese government is exploring mechanisms to establish a floor price for
rare earths and other critical minerals, responding to U.S. efforts to counter
China's dominance in the sector(4). Through a proposed Critical Minerals
Strategic Reserve and national offtake agreements, the initiative seeks to
ensure price stability, reduce market volatility, and attract private
investment.

 

The focus is on minerals critical for strategic and defence applications,
particularly heavy rare earths, where Australia holds a strong global supply
position. New Frontier Minerals is well-positioned to benefit, with its Harts
Range Project in the Northern Territory hosting significant heavy rare earth
mineralisation.

 

PROPOSED ISSUE OF PERFORMANCE RIGHTS

Subject to shareholder approval at the 2025 AGM, the Board has resolved to
issue 17,500,000 Performance Rights to Director and key executives of the
Company, on the following terms:

 

·          Exercise price: $nil

 

·          Vesting conditions:

 

o  50% upon the 20-day VWAP of the Company's Shares being equal to or greater
than $0.02.

 

o  50% upon one of the below milestones being met:

 

·    Harts Range drill intersect of either:

 

·    5m intersect ≥ 0.75% TREO, or

 

·    5m intersect ≥ 1% Nb2O5, or

 

·    5m intersect ≥ 1% Ta2O5.

 

·          Expiry date: 5 years from the date of issue.

 

NEXT STEPS

Over the coming weeks and months, New Frontier Minerals will:

 

·     Continue field investigations to define priority drilling targets
at the Cusp, Bobs, Paddington, Westminster, Old Trafford and Headingly
Prospects.

·    Advance regulatory approvals and evaluate quotes from drilling
contractors to prepare for the maiden Reverse Circulation (RC) drilling
campaign in Q3 FY25.

 

New Frontier remains committed to delivering value to shareholders through
disciplined exploration and development of its key assets.

 

ENDS

 

This announcement was approved for release by the Board of New Frontier
Minerals Limited.

 

REFERENCES

1.    CCZ ASX Release - 6 November 2024 (High grade Nb and U assays validate
Harts Range Project)

2.   NFM ASX Release - 12 May 2025 (Sampling returns 10.61% TREO with 23.56%
Nb2O5 and 15.67% Ta2O5at Harts Range)

3.    Intertek Assay Results - 8 August 2025 (Job Code: 2375.0/2512207)

4.
https://www.theaustralian.com.au/business/resources-minister-madeleine-king-flags-rare-earths-floor-price-and-national-offtake-agreements/news-story/55530151bb5276d250ea7aa11cb033d5?giftid=oIjE4YbVwc

 

For further information please contact

 

 New Frontier Minerals Limited      +61 8 6558 0886 
 Gerrard Hall (UK), Chairman 

 S. P. Angel Corporate Finance LLP  +44 (0)1483 413500 

 (Corporate Broker) 
 Ewan Leggat                        +44 (0) 20 7409 3494

 St Brides Partners Ltd             +44 (0)20 7236 1177

 (Financial PR)  
 Ana Ribeiro and Charlotte Page

 

About New Frontier Minerals

New Frontier Minerals Limited is an Australian-based focussed explorer, with a
strategy to develop multi-commodity assets that demonstrate future potential
as an economic mining operation. Through the application of disciplined and
structured exploration, New Frontier has identified assets deemed core and is
actively progressing these interests up the value curve. Current focus will be
on advancing exploration activity at the Harts Range Niobium, Uranium and
Heavy Rare Earths Project which is circa 140km north-east from Alice Springs
in the Northern Territory.

 

Other interests include the NWQ Copper Project, situated in the copper-belt
district circa 150km north of Mt Isa in Queensland and the Broken Hill Project
in western New South Wales.

 

New Frontier Minerals is listed on the LSE and ASX under the ticker "NFM".

 

Competent Persons Statement

The scientific and technical information in this announcement, which relates
to exploration results and the geology of the deposits described, is based on
information compiled and approved for release by Mark Biggs. Mark Biggs is a
Member of The Australasian Institute of Mining and Metallurgy (AusIMM Member #
107188) and meets the requirements of a Competent Person as defined by the
2012 Edition of the Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves (JORC Code 2012 Edition). Mark Biggs has 35
years of experience relevant to Rare Earth Elements (REE), industrial mineral
copper mineralisation types, as well as expertise in the quality and potential
mining methods of the deposits under consideration. Additionally, he has 25
years of experience in the estimation, assessment, and evaluation of
exploration results and mineral resource estimates, which are the activities
for which he accepts responsibility. He also successfully completed an AusIMM
Online Course Certificate in 2012 JORC Code Reporting. Mark Biggs is a
consultant with ROM Resources and was engaged by New Frontier Minerals Limited
to prepare the documentation for several prospects, specifically those within
the Harts Range Prospects upon which the Report is based. Mr Biggs consents to
the inclusion in this announcement of the matters based on his information and
supporting documents in the form and context in which it appears.

 

Furthermore, the full nature of the relationship between himself and New
Frontier Minerals Limited has been disclosed, including any potential
conflicts of interest. Mark Biggs is a director of ROM Resources, a company
that is a shareholder of New Frontier Minerals Limited, and ROM Resources
provides occasional geological consultancy services to New Frontier Minerals
Limited.

 

The Report or excerpts referenced in this statement have been reviewed,
ensuring that they are based on and accurately reflect, in both form and
context, the supporting documentation relating to exploration results and any
mineral resource estimates. The release of the Report and this statement has
been consented to by the Directors of New Frontier Minerals Limited.

 

Forward Looking Statements

Certain information in this document refers to the intentions of New Frontier
Minerals Ltd, but these are not intended to be forecasts, forward-looking
statements, or statements about future matters for the purposes of the
Corporations Act or any other applicable law. The occurrence of events in the
future is subject to risks, uncertainties and other factors that may cause New
Frontier Minerals Ltd's actual results, performance, or achievements to differ
from those referred to in this announcement. Accordingly, New Frontier
Minerals Ltd, its directors, officers, employees, and agents, do not give any
assurance or guarantee that the occurrence of the events referred to in this
announcement will occur as contemplated. The interpretations and conclusions
reached in this announcement are based on current geological theory and the
best evidence available to the authors at the time of writing. It is the
nature of all scientific conclusions that they are founded on an assessment of
probabilities and, however high these probabilities might be, they make no
claim for complete certainty. Any economic decisions that might be taken based
on interpretations or conclusions contained in this announcement will
therefore carry an element of risk. The announcement may contain
forward-looking statements that involve several risks and uncertainties. These
risks include but are not limited to, economic conditions, stock market
fluctuations, commodity demand and price movements, access to infrastructure,
timing of approvals, regulatory risks, operational risks, reliance on key
personnel, Ore Reserve and Mineral Resource estimates, native title, foreign
currency fluctuations, exploration risks, mining development, construction,
and commissioning risk. These forward-looking statements are expressed in good
faith and believed to have a reasonable basis. These statements reflect
current expectations, intentions or strategies regarding the future and
assumptions based on currently available information. Should one or more of
the risks or uncertainties materialise, or should underlying assumptions prove
incorrect, actual results may vary from the expectations, intentions and
strategies described in this announcement. No obligation is assumed to update
forward-looking statements if these beliefs, opinions, and estimates should
change or to reflect other future developments.

 

Accompanying appendices and JORC table is available by clicking or pasting the
following link into your website
browser: http://www.rns-pdf.londonstockexchange.com/rns/0710V_1-2025-8-12.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/0710V_1-2025-8-12.pdf) .

 

 

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