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New Frontier Minerals Limited (ASX:NFM)

ALERT: Price-sensitive ASX Announcement for NFM
Current share price for NFM : $0.006 -0.001 (-14.29%)+
Announcement
Release
9 Jun 2026 8:26AM
Price at Release
$0.007
Full Release
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Summary
New Frontier Minerals Limited (ASX: NFM) announced plans to commence metallurgical testwork at the Pomme REE Project, located in Québec, to explore the potential for upgrading rare earth element (REE) mineralisation. The project involves conventional testwork followed by innovative Flash Joule Heating (FJH) techniques to target key intercepts in mid-to-high-grade zones previously identified through drilling. NFM aims to produce higher-grade REE concentrates, unlocking significant economic potential from this large carbonatite-hosted system. The Pomme Project, which consists of 43 mineral claims over 2,400 hectares, represents a strategic, low-risk entry into the Canadian rare earth asset market with NFM progressively earning a majority interest through a stage-based framework.
Key Points
  • New Frontier Minerals Limited (NFM) to begin metallurgical testwork at the Pomme REE Project.
  • The project aims to unlock the economic potential of the Pomme REE mineralisation.
  • Initial activities include conventional metallurgical testwork and Flash Joule Heating (FJH) testwork.
  • Testing will target mid-to-high-grade zones of REE mineralisation identified by previous drilling.
  • The Pomme Project is located approximately 500 km northwest of Montréal, Québec.
  • The project comprises 43 mineral claims covering approximately 2,400 hectares.
  • The development strategy includes using Metallium Limited's proprietary FJH technology.
  • NFM has a strategic portfolio of rare earth, niobium, and copper assets in Australia and Canada.
  • The project provides NFM with a low-risk entry into a strategically located Canadian rare earth asset.
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.