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| New Frontier Minerals |
New Frontier Minerals Identifies High-Value Targets in Northern Territory
New Frontier Minerals (ASX:NFM) has discovered multiple discrete uranium anomalies across its Harts Range Project in the Northern Territory, marking a significant step in the search for heavy rare earths. These findings, derived from processed geophysical data by Southern Geoscience Consultants, highlight the project’s increasing exploration potential.
Key Prospects Show Strong Indicators
The Bobs and Cusp prospects stand out, with enhanced imagery revealing uranium anomalies coinciding with mineralized pegmatites—prime candidates for drill testing. Enhanced magnetics imagery also suggests these prospects align along an east-northeast trending structure, likely extending north and south.
New Frontier Chairman Ged Hall expressed optimism about the results, stating that the identification of uranium anomalies as a pathfinder for high-value heavy rare earths exceeded expectations. “The exploration potential at Harts Range has increased significantly, and our geology team is preparing to return on-site to systematically identify key drilling targets,” Hall said.
Upcoming Field Season and Next Steps
With a market capitalization of $24.78 million, New Frontier is prioritizing numerous anomalies for ground truthing and target generation in the upcoming field season. While the first phase of radiometric data processing is complete, an in-depth interpretation of magnetic and radiometric data is underway, with refined targets expected by mid-March 2025.
Before the field season begins, the geology team will utilize integrated geophysical and geological datasets to pinpoint key ground-truthing areas. This will involve geological mapping and sampling to confirm high-priority drill targets.
New Frontier Minerals remains focused on advancing its multi-commodity exploration assets, aiming to establish economically viable mining operations in the future.
