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New Frontier Minerals Limited (ASX:NFM)
ALERT: Price-sensitive ASX Announcement for NFM
Current share price for NFM : $0.005 -0.003 (-37.50%)+
Release
30 Apr 2026 8:13AM
Price at Release
$0.008
Full Release
Summary
New Frontier Minerals Limited (NFM) announced the upcoming site visit to the Big One Deposit in collaboration with Austral Resources, aiming to assess copper stockpiles and near-surface mineralisation. The company has expanded its NWQ Copper Project by submitting new exploration applications for approximately 585 km². The project holds a JORC 2012-compliant Mineral Resource Estimate of 2.1Mt at 1.1% copper, and the Mining Lease Application has received approval. A strategic alliance with Austral Resources is in place to advance copper production using existing regional infrastructure. The exploration target is estimated at 12-58 million tonnes of copper, with the site's geology consistent with the Mt Isa copper-belt.
Key Points
- Site visit scheduled to Big One Deposit with Austral Resources
- Memorandum of Understanding with Austral Resources for copper processing
- Expansion of NWQ Copper Project tenement
- Submission for new exploration applications for 585 km²
- JORC 2012-compliant Mineral Resource Estimate of 2.1Mt @ 1.1% Cu
- Assessment approval for Mining Lease Application
- Potential copper production through existing infrastructure
- Strategic alliance with Austral Resources for copper ore supply
- Exploration Target range estimated at 12-58Mt @ 0.3-1.5% Cu
- Geological setting consistent with Mt Isa copper-belt
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.
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