New Frontier Minerals Limited Finalizes HREE, Niobium & Uranium Drill Targets at Harts Range as $59K NT Grant Fuels Maiden Drilling Campaign
Thursday, June 26, 2025
at
8:19 am
New Frontier Minerals Limited has identified prime drill targets for heavy rare earths, niobium, and uranium at its Harts Range Project in the Northern Territory. The firm is gearing up for a maiden drilling campaign, boosted by regulatory approvals and a supportive government grant.
New Frontier Minerals Limited has announced the finalisation of its high-priority drill test targets at the Harts Range Project in the Northern Territory, located approximately 140km north-east of Alice Springs. The company’s geology team has earmarked several key prospects – including Cusp, Bobs, Paddington, Westminster, and the newly identified Old Trafford and Bank prospects – for a maiden Reverse Circulation drilling campaign spanning between 2,000 and 3,000 metres. This exploration campaign is aimed at testing for Heavy Rare Earth Elements, Niobium, and Uranium mineralisation, and is supported by a $59,000 grant from the Northern Territory Geological Survey’s Geophysics and Drilling Collaborations program.
Field activities have provided promising technical indications, with detailed rock chip sampling and radiometric surveys underpinning the target selections. The exploration programme reports geophysical anomalies at several sites, with Geiger counter readings reaching up to 8 microSieverts at the Westminster prospect and similar figures observed at Old Trafford, where scattered samarskite mineralisation was also noted. In addition, copper mineralisation showing estimated grades between 0.5% and 3% at the Bank prospect was documented. These preliminary findings have provided the company with a rich dataset to prioritize targets and prepare for the upcoming drilling phase, pending regulatory approvals and contractor selection.
The company also announced an expansion of its operational footprint by submitting an application for a new tenement covering 15.79 square kilometres adjacent to its current Harts Range tenure. This move is part of a broader strategic initiative that leverages the recent $1.59 million fundraising along with government funding, positioning New Frontier Minerals Limited to further capitalise on the growing strategic importance of HREE, Niobium, and Uranium in light of global supply diversification efforts.
While the news offers a bullish outlook with strong government backing and encouraging technical indicators supporting the potential for significant resource development, some caution is warranted. On the bullish side, the identification of multiple drill targets, combined with favorable US policy signals supporting HREE and nuclear technology, underscores the potential for shareholder value enhancement. Conversely, the success of the drilling campaign remains subject to regulatory approvals and the inherent uncertainties of early exploration, which could temper investor enthusiasm if key milestones are delayed or if assay results from drill tests do not meet expectations.