Australia's New Frontier Minerals rises on rare-earths find at Northern Territory project

New Frontier Minerals

12/05/2025 05:31

** Shares of New Frontier Minerals NFM.AX rise 7.7% to A$0.014

** Stock marks their largest intraday pct gain since May 1

** The diversified miner reports significant heavy rare-earths element enrichment including niobium and tantalum at its Harts Range project in Northern Territory

** Co says sampling results also highlight presence of dysprosium and terbium, which are magnet rare earth elements

** More than 838,00 shares change hands vs 30-day avg volume of around 797,000 shares

** Stock down 22.2% YTD, including current session's moves

 (inReporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))