REG - New Frontier Mineral - Harts Range Project - Geophysical survey complete

New Frontier MineralsAnnouncement

04/02/2025 07:15

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RNS Number : 7476V  New Frontier Minerals Limited  04 February 2025

4 February 2025

 

New Frontier Minerals Limited

("NFM" or the "Company")

NFM completes geophysical survey at Harts Range Project, Northern Territory

New Frontier Minerals Ltd (LSE and ASX: NFM) is pleased to announce the
high-resolution, helicopter-borne radiometric and magnetic survey has
concluded at the Harts Range Uranium, Niobium and Heavy Rare Earths Project
(Harts Range Project), located 140km north-east of Alice Springs in the
Northern Territory.

The geophysical survey data is being processed and interpreted by a
geophysicist contractor and the preliminary findings are expected soon. The
board is optimistic potential extensions to known Uranium, Niobium, and Heavy
Rare Earth mineralisation may be identified(1) which will assist with the
prioritisation of targets for drill-testing.

Highlights:

·    NFM completes high-resolution, helicopter-borne radiometric and
magnetic survey at the Harts Range Project

·    Survey covered granted tenements EL32513 and EL32046, focusing on
pegmatites identified through satellite image interpretation

·    The raw data is being processed by a geophysical consultant with
preliminary findings expected when complete

·    NFM's Board is optimistic results may identify extensions to known
occurrences of Uranium, Niobium, and Heavy Rare Earths mineralisation(2)

·    The processed geophysical data overlayed with historic and recent
field data will provide further confidence in NFM's drill target selection

 

Ged Hall, Chairman, commented: "The completion of the helicopter-borne
radiometric and magnetic survey ensures our geology team will have all the
necessary information to select high priority targets for drill testing. This
milestone reflects our deliberate and methodical exploration strategy, aimed
at maintaining low costs while maximising value for shareholders. With
momentum building since the start of our exploration campaign, the NFM Board
and management are increasingly optimistic about launching a value-driven
drilling program in the near future."

RADIOMETRIC AND MAGNETIC SURVEY CONCLUDES

New Resolution Geophysics(3) (NRG) has completed its comprehensive
helicopter-borne radiometric and magnetic survey at the Harts Range Project.
The survey data has been sent to a geophysicist contractor for analysis and
interpretation.

Once the full suite of geophysical and historical data is reviewed and
interpreted, NFM's geology team should be able to select high priority targets
for drill-testing.

 

Figure 1: NRG helicopter at the Harts Range Project (Source:  NRG survey
quotation(3))

 

Prior exploration at the Harts Range Project identified multiple occurrences
of high-grade Uranium-Niobium and Heavy Rare Earths mineralisation associated
with radioactive pegmatites(4).

Utilising open-sourced satellite imagery, a preliminary satellite image
desktop interpretation has visually identified numerous pegmatites across the
project area (Figure 2).

The desktop interpretation is preliminary and NFM's geology team intends to
verify all geological features identified as pegmatites on the ground.
However, in areas with dense vegetation, some pegmatites may have been
overlooked. By integrating geophysical data with the interpreted pegmatites,
the team can generate incremental targets for ground verification and
prioritise them for drilling.

 

 

Figure 2: Interpreted pegmatites at Harts Range Project (Source: NT Geological
Survey(4))

 

For further information please contact

 

 

 New Frontier Minerals Limited                                       +61 8 6558 0886 
 Gerrard Hall (UK), Chairman                                          
                                                                      
 SI Capital Limited (Financial Adviser and Corporate Broker)         +44 (0)1483 413500 
 Nick Emerson                                                          
                                                                       
 Gracechurch Group (Financial PR)                                    +44 (0)20 4582 3500
 Harry Chathli, Alexis Gore, Henry Gamble                             

 

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".

References

1) NFM ASX Announcement: Harts Range Boasts Extended Mineralisation with
Record-High Niobium, Dysprosium, and Terbium Grades
(https://wcsecure.weblink.com.au/pdf/NFM/02902399.pdf) , dated 13 January 2025

2) CCZ ASX Announcement: CCZ to acquire highly prospective niobium, uranium
& heavy rare earths project
(https://wcsecure.weblink.com.au/pdf/CCZ/02868764.pdf) , dated 21 October 2024

3) NFM ASX Announcement: Geophysical Data to define drill targets at Harts
Range, Northern Territory,
(https://www.londonstockexchange.com/news-article/CCZ/survey-to-define-drill-targets-at-harts-range/16803261)
dated 10 December 2024

4) NT Geological Survey. Available at:
https://resourcingtheterritory.nt.gov.au/data-and-publications/online-tools

 

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 Copper Limited
to prepare the documentation for several prospects, specifically those within
the Harts Range Prospects upon which the Report is based. Furthermore, the
full nature of the relationship between himself and New Frontier Copper
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 Copper Limited, and ROM Resources provides occasional geological
consultancy services to New Frontier Copper 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 Copper 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.

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