REG - New Frontier Mineral - Drilling Campaign Approved at Harts Range Project

New Frontier MineralsAnnouncement

Mon 07:00

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RNS Number : 7767G  New Frontier Minerals Limited  10 November 2025

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

 

10 November 2025

New Frontier Minerals Limited

("NFM" or the "Company")

 

Drilling Campaign Approved at Harts Range Heavy Rare Earth

and Niobium Project, NT, Australia

 

New Frontier Minerals Limited (LSE/ASX:NFM), is pleased to announce that
regulatory approvals for the maiden RC drill program to test near surface
mineralisation at the Harts Range Heavy Rare Earths and Niobium Project,
located 140km north-east of Alice Springs in the Northern Territory, Australia
have been received from the NT Department of Mining and Energy.

 

·    Drilling approval granted by the NT Department of Mining and Energy
(DME) for New Frontier Minerals' maiden drilling campaign at the Harts Range
heavy rare earth and niobium Project

 

·    The campaign comprises up to 46 reverse circulation (RC) holes,
targeting multiple high-priority anomalies defined through regional
geophysics, detailed geological mapping and surface geochemistry completed by
the NFM team over the past 12 months

 

·    Planning and preparatory activities are advancing, with logistics and
drill pad construction being scheduled ahead of the proposed mobilisation of
the drilling crew

 

·    The campaign is designed to test the depth extension of the heavy rare
earth mineralisation, with particular attention to dysprosium and terbium -
critical elements in high-performance permanent magnets used in electric
vehicles, wind turbines, and advanced defence technologies

 

·    Additionally, the Company expects to shortly receive metallurgical
test-work results from the 25kg bulk sample that was being analysed for rare
earth processing

 

·    Following a comprehensive review, NFM has applied to list on the US
OTCQB market to enhance visibility and gain access to US investors wanting
exposure to Australian explorers focused on critical minerals, especially
heavy rare earth elements

 

Chairman Gerrard Hall, commented:" We are delighted regulatory approval to
commence the RC drilling campaign at the Harts Range Project has been secured.
NFM's contractors and geology team are now working at an accelerated pace to
ensure the campaign can get underway in a timely manner. Meanwhile, we expect
to shortly receive metallurgical test-work results from the 25kg bulk sample
that was being analysed for rare earth processing. The Board is optimistic
that as insights start coming to hand from the metallurgical test work and
drilling campaign, a clearer picture of the underlying heavy rare earth system
will materialise.

 

Following a detailed strategic review, the Board has resolved to pursue a
listing on the US OTCQB Market to strengthen NFM's international visibility
and broaden its investor base, particularly among US investors seeking
exposure to Australian critical minerals explorers."

 

DRILLING TO COMMENCE

The 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.

Preparation is moving into top gear, with logistics and drill-pad formation
work at the forefront ahead of the drilling team mobilising to site to
commence the campaign.

 

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

 

METALLURGICAL TEST WORK

NFM anticipates receiving near-term results from metallurgical test work
undertaken on a 25kg bulk sample from the Cusp Prospect. These processing
studies aim to identify beneficiation and separation pathways that could
expedite commercialisation and underpin potential offtake negotiations with
international magnet industry partners.

 

OTCQB MARKET

After a comprehensive review, the Board believes there are significant
benefits to be derived from listing NFM on the US OTCQB market. The primary
goals are to increase NFM's international profile but more importantly gain
traction with US investors, especially those wanting exposure to Australian
explorers targeting critical minerals (especially dysprosium and terbium).

ENDS

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

 

REFERENCES

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

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

 

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.

 

ASX Listing Rule 5.23.2

New Frontier Minerals Ltd confirms that it is not aware of any new information
or data that materially affects the information included in this market
announcement and that all material assumptions and technical parameters
underpinning the estimates in this market announcement continue to apply and
have not materially changed.

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