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New Frontier Minerals Limited (ASX:NFM)

ALERT: Price-sensitive ASX Announcement for NFM
Current share price for NFM : $0.006 -0.014 (-70%)+
Announcement
Release
28 Oct 2025 8:16AM
Price at Release
$0.020
Full Release
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Summary
The quarterly activities report for New Frontier Minerals Limited (NFM) for September 2025 highlights several significant developments in their projects. In the Harts Range Project, new prospects such as Old Trafford have been identified with promising assay results showing significant heavy rare earth mineralisation. The company collected a 25kg bulk sample from the Cusp Prospect, which showed high-grade results in heavy rare earths, niobium, and tantalum. GeoDrill Australia was appointed for a maiden RC drilling campaign. In the NWQ Copper Project, metallurgical test work from historical stockpiles at the Big One Deposit showed high copper recovery rates, supporting near-term production under the Mt Kelly MOU with Austral Resources. On the corporate front, NFM appointed S.P. Angel Corporate Finance LLP as their corporate broker to enhance engagement with UK and European investors, and reported a total cash and liquid investments position of $1.8 million at the end of the quarter.
Key Points
  • Rock chip assay results extend heavy rare earth mineralisation at Old Trafford.
  • 25kg bulk sample from Cusp Prospect shows high-grade heavy rare earths, niobium, and tantalum.
  • GeoDrill Australia appointed for maiden RC drilling campaign at Harts Range Project.
  • High copper recovery rates at NWQ Copper Project support near-term production.
  • S.P. Angel Corporate Finance LLP appointed as corporate broker to enhance investor engagement.
  • Total cash and liquid investments at end of quarter: $1.8 million.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.