12th May 2025 21:42
New Frontier Minerals Ltd - minerals exploration company in Australia with exposure to copper, heavy rare earth minerals and uranium - Says high-grade assay results at two new prospects, 'Paddington' and 'Westminster' confirm significant heavy rare earth element targets west of Bobs Prospect in the Northern Territory, Australia. These results, combined with findings from the Bobs and Cusp prospects validate an east-west trending structural corridor now extending over 2 kilometres at the Harts Range Project, company says. New Frontier Minerals is actively validating and reviewing all targets with plans to drill test priority targets once suitable contractors have been appointed.
"We are committed to unlocking the mineral potential of this strategic asset as quickly as possible in order to address the growing demand for rare earth elements, driven by the increasing use of clean energy technologies. The team will continue to actively validate and review all identified targets, and we look forward to drill testing high-priority prospects as soon as possible," comments Chair Ged Hall.
Current stock price: 0.70 pence, closed up 3.7% in London on Monday
12-month change: up 50%
By Jeremy Cutler, Alliance News reporter
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