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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 (0%)+
Announcement
Release
18 May 2026 8:20AM
Price at Release
$0.006
Full Release
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Summary
New Frontier Minerals Limited (NFM) conducted a joint site visit with Austral Resources to the Big One Deposit and Mt Storm as part of the NWQ Copper Project. This collaboration aims to advance exploration and establish a commercialisation pathway for the project. The visit facilitated geological assessments and strategic planning for metallurgical testing and resource development. NFM is leveraging Austral's processing capabilities at the Mt Kelly facility to potentially process ore from the Big One Deposit and other satellite targets. This partnership positions NFM to capitalize on high-grade copper resources in a region with robust infrastructure.
Key Points
  • Joint site visit by NFM and Austral Resources to Big One Deposit and Mt Storm.
  • Big One Deposit holds JORC 2012 Inferred Resource of 2.1 Mt at 1.1% Cu.
  • Collaboration with Austral Resources for ore processing at Mt Kelly.
  • Strategic alliance aims to advance NWQ Copper Project exploration and commercialisation.
  • Historical mining at Mt Storm produced approximately 1,100 tonnes of ore at 6% Cu.
  • Potential near-term development pathways being evaluated for Big One Deposit.
  • Scout rock chip sampling conducted to evaluate Mt Storm as a satellite target.
  • The visit enhanced technical understanding of the orebody and supported future exploration planning.
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.