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New Frontier Minerals Limited (ASX:NFM)

ALERT: Price-sensitive ASX Announcement for NFM
Current share price for NFM : $0.005 -0.015 (-75%)+
Announcement
Release
30 Jan 2026 8:12AM
Price at Release
$0.020
Full Release
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Summary
The Quarterly Activities Report for New Frontier Minerals Limited, ending December 2025, highlights significant advancements in the Harts Range and NWQ Copper projects. At Harts Range, an exceptional partnership with Metallium (MTM) was established to process rare earth elements using MTM’s FJH technology, enhancing Dy/Tb concentrations significantly in raw ore samples. A binding commercial framework secures MTM exclusive processing rights for a decade, supporting potential U.S. defence and magnet market supply. A reverse circulation drilling program was completed, indicating robust geological insights into the rare earth systems. Additionally, a Mining Lease Application was lodged for the Big One Deposit at NWQ Copper Project, with a development plan targeting production by 2027. Financially, the company completed a $2.25 million placement, maintaining a cash position of $3.0 million by year-end.
Key Points
  • Exceptional FJH processing results from Harts Range project.
  • Binding agreement with Metallium for exclusive processing rights.
  • Completion of a maiden RC drilling campaign at Harts Range.
  • Lodgement of Mining Lease Application for NWQ Copper Project.
  • Successful capital raise of $2.25 million.
  • Total cash and liquid investments at $3.0 million.
  • Strategic alignment with MTM for U.S. market engagement.
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.