New Frontier Minerals Limited (LSE:NFM) has collected a 25kg bulk sample from its Cusp Prospect in the Harts Range Project, Northern Territory, ahead of its maiden drill programme planned for the third quarter of FY25. The sample has been submitted to Intertek for geochemical analysis, with results expected in about one month.
The bulk sample was taken from a site where previous surface sampling returned grades of up to 9.97% total rare earth oxides (TREO), 25.46% niobium pentoxide (Nb₂O₅) and 4.77% tantalum pentoxide (Ta₂O₅). Assay results from a July field campaign also confirmed a new drill target at the Headingley Prospect, about 620 metres west of the Bobs Prospect, showing rare earth mineralisation and titanium oxide grades of up to 2.3%.
"The collection of this bulk sample marks an important milestone in executing our strategy and commitment to a systematic exploration approach to ensure confidence in the project's potential. This approach not only enhances our understanding of the mineral system but also positions NFM to make a significant discovery," NFM chair Garrard Hall said.