REG - New Frontier Mineral - Drill Targets Finalised at Harts Range Project

New Frontier MineralsAnnouncement

03/11/2025 07:00

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RNS Number : 7936F  New Frontier Minerals Limited  03 November 2025

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

 

3 November 2025

New Frontier Minerals Limited

("NFM" or the "Company")

 

Drill Targets Finalised at Harts Range Heavy Rare Earth and Niobium Project,
NT

 

New Frontier Minerals Limited (LSE/ASX: NFM) is pleased to announce the maiden
reverse circulation ("RC") drill program comprising up to 46 holes to test
near surface mineralistion at the Harts Range Heavy Rare Earths Project,
located 140km north-east of Alice Springs in the Northern Territory, Australia
has been finalised.

 

Highlights

·    Maiden RC drill program comprising up to 46 holes to test surface
mineralistion at the Harts Range Heavy Rare Earth and Niobium Project, NT, has
now been finalised

·    Recent correspondence from the mining regulator indicates that
approvals to commence the drilling campaign is imminent, and NFM's geological
team is now back at site this week

·    Logistics planning is progressing well, with significant preparatory
work already completed on site to reduce mobilisation lead time, with site
works to commence following receipt of regulatory approvals

·    The campaign's focus is to understand the extent of heavy rare earth
mineralisation, especially dysprosium and terbium, which are in strong demand
for their key role in high-performance magnets

·    The Board believes insights from the drilling campaign has the
potential to create significant value for shareholders

 

Chairman Gerrard Hall commented: "Finalising the drill targets for the
upcoming campaign at the Harts Range Project marks another important milestone
for NFM. Since acquiring the project in the last 12 months, the NFM geological
team has completed systematic exploration activities and successfully
identified numerous high-priority targets, which are now set to be
drill-tested. The Board considers the delineation of these targets within only
12 months to be a significant achievement within what it believes is a highly
compelling heavy rare earth system.

 

"Moreover, with near-surface mineralisation and a dominant proportion of
high-value heavy rare earth lanthanides such as dysprosium and terbium, the
Harts Range Project is uniquely positioned to potentially play a significant
role in future global supply chains for critical minerals.

 

"The Board looks forward to the drilling campaign commencing and insights
coming to hand, as they could potentially generate significant value for
shareholders."

 

IMPENDING RC DRILLING CAMPAIGN

NFM's geological team is preparing logistics and readying to mobilise to site,
as the Northern Territory's Department of Mines has indicated that final
regulatory approvals to commence the drilling campaign is imminent.

 

The proposed reverse circulation (RC) drilling campaign will comprise up to 46
drill-holes for circa 2,500m to test the numerous prospects that have been
identified from the exploration activities undertaken at Harts Range over the
past 12 months (Figure 1). The program has been designed to test depth
extensions to the near-surface zones of high-grade heavy rare earth and
niobium mineralisation, identified from field campaigns.

 

Figure 1: Prospects and planned RC drill-hole locations at Harts Range
Project

 

The Harts Range Project continues to demonstrate its status as a unique heavy
rare earths project, exhibiting high-grade mineralisation at surface and a
consistently high proportion of critical magnet rare earth elements 1 .

 

Notably, recent metallurgical test-work on a 25kg bulk sample returned a very
high HREO/TREO ratio of 94.8%, confirming the dominance of key magnet rare
earth elements dysprosium (Dy) and terbium (Tb) -both essential for
high-performance permanent magnets, electric vehicles, and defence
applications 2 .

 

NFM is concurrently advancing studies into conventional and novel processing
pathways for heavy rare earth-enriched material, with the objective of
accelerating commercialisation and supporting future offtake discussions with
global magnet supply-chain participants.

**ENDS**

 

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. 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.

 1  NFM ASX Release "Harts Range continues to deliver Heavy Rare Earth
Mineralisation at surface" - 24 July 2025

 2  NFM ASX Release "Harts Range bulk sample returns 1.72% TREO including
4.51% Nb2O5 and exceptional HREO/TREO ratio of 94.8%" - 25 August 2025

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