New Frontier Minerals Limited has advanced its exploration efforts at the Harts Range Project in the Northern Territory with key developments ahead of its maiden reverse circulation drilling campaign planned for Q3 FY25. A 25‐kg bulk sample was recently collected from the Cusp Prospect, where earlier sampling (HRS004) had returned exceptional grades – up to 9.97% total rare earth oxides (TREO), including significant quantities of Dysprosium and Terbium oxides, alongside 25.46% Nb₂O₅ and 4.77% Ta₂O₅. This robust sample was taken from a mineralised pegmatite outcrop and has now been submitted to Intertek for comprehensive geochemical analysis, with results expected within a month. In addition to the sampling at Cusp, assay results from the July 2025 field campaign have confirmed the discovery of a new drill target at the Headingley Prospect. Located approximately 620 metres west of the Bobs Prospect, this target shows promising heavy rare earth and titanium mineralisation along a 2.3‐km mineralised corridor. Notable technical indicators include a reading of 0.73% TREO at HRS067 and titanium oxide grades of 1.8% and 2.3% at HRS068 and HRS071 respectively. Field observations at Headingley also noted a strongly sheared, ferruginous amphibolite unit, reinforcing the structural context that may support further high-grade intercepts. Furthermore, the company is poised to benefit from the Australian Government’s proposed floor price for critical minerals, which aims to stabilise market prices and encourage private investment – an initiative that underscores the strategic importance of Australia’s resources in rare earths and other minerals. New Frontier Minerals has also proposed issuing 17.5 million performance rights to its directors and key executives, subject to shareholder approval, with vesting conditions tied to share performance and drilling milestones. The technical targets include intersecting 5-meter intervals with at least 0.75% TREO, 1% Nb₂O₅, or 1% Ta₂O₅. Among beginner traders, the sentiment surrounding this announcement is mixed. Bullish factors include the high-grade assay results, newly identified drill targets, and supportive government policies that could enhance the long-term value of the project. Conversely, bearish concerns stem from the inherent exploration risks and the pending regulatory approvals, which may delay the commencement of drilling. Overall, these developments signal a disciplined approach to exploration with promising indicators, though the next few months will be critical in transforming these technical milestones into tangible economic outcomes.