Harts Range Project - Geophysical survey complete

New Frontier Minerals Ltd (LSE and ASX: NFM) is pleased to announce the high-resolution, helicopter-borne radiometric and magnetic survey has concluded at the Harts Range Uranium, Niobium and Heavy Rare Earths Project (Harts Range Project), located 140km north-east of Alice Springs in the Northern Territory.

The geophysical survey data is being processed and interpreted by a geophysicist contractor and the preliminary findings are expected soon. The board is optimistic potential extensions to known Uranium, Niobium, and Heavy Rare Earth mineralisation may be identified1 which will assist with the prioritisation of targets for drill-testing.

Highlights:

• NFM completes high-resolution, helicopter-borne radiometric and magnetic survey at the Harts Range Project
• Survey covered granted tenements EL32513 and EL32046, focusing on pegmatites identified through satellite image interpretation
• The raw data is being processed by a geophysical consultant with preliminary findings expected when complete
• NFM's Board is optimistic results may identify extensions to known occurrences of Uranium, Niobium, and Heavy Rare Earths mineralisation2
• The processed geophysical data overlayed with historic and recent field data will provide further confidence in NFM's drill target selection

Ged Hall, Chairman, commented: "The completion of the helicopter-borne radiometric and magnetic survey ensures our geology team will have all the necessary information to select high priority targets for drill testing. This milestone reflects our deliberate and methodical exploration strategy, aimed at maintaining low costs while maximising value for shareholders. With momentum building since the start of our exploration campaign, the NFM Board and management are increasingly optimistic about launching a value-driven drilling program in the near future."

RADIOMETRIC AND MAGNETIC SURVEY CONCLUDES

New Resolution Geophysics3 (NRG) has completed its comprehensive helicopter-borne radiometric and magnetic survey at the Harts Range Project. The survey data has been sent to a geophysicist contractor for analysis and interpretation.

Once the full suite of geophysical and historical data is reviewed and interpreted, NFM's geology team should be able to select high priority targets for drill-testing.

Figure 1: NRG helicopter at the Harts Range Project (Source: NRG survey quotation3)

Prior exploration at the Harts Range Project identified multiple occurrences of high-grade Uranium-Niobium and Heavy Rare Earths mineralisation associated with radioactive pegmatites4.

Utilising open-sourced satellite imagery, a preliminary satellite image desktop interpretation has visually identified numerous pegmatites across the project area (Figure 2).

The desktop interpretation is preliminary and NFM's geology team intends to verify all geological features identified as pegmatites on the ground. However, in areas with dense vegetation, some pegmatites may have been overlooked. By integrating geophysical data with the interpreted pegmatites, the team can generate incremental targets for ground verification and prioritise them for drilling.

Figure 2: Interpreted pegmatites at Harts Range Project (Source: NT Geological Survey4)

References

• NFM ASX Announcement: Harts Range Boasts Extended Mineralisation with Record-High Niobium, Dysprosium, and Terbium Grades, dated 13 January 2025
• CCZ ASX Announcement: CCZ to acquire highly prospective niobium, uranium & heavy rare earths project, dated 21 October 2024
• NFM ASX Announcement: Geophysical Data to define drill targets at Harts Range, Northern Territory, dated 10 December 2024
• NT Geological Survey. Available at: https://resourcingtheterritory.nt.gov.au/data-and-publications/online-tools