New Frontier down some -26% despite confirming high-grade tungsten at Harts Range

New Frontier Minerals (ASX:NFM) has identified significant tungsten upside at its Harts Range project, after scout drilling and rock chip sampling returned elevated tungsten mineralisation at the Cusp and Bank prospects.

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Testing of six of 46 priority geophysical targets was undertaken at Harts Range t in the Northern Territory with highlight tungsten hits including 1,237 parts per million (ppm) over 4,0m at the Bank prospect.

At Cusp, rock-chip assays returned up to 14,501 ppm, including 14,123 ppm, 13,492 ppm, 13,240 ppm, 12,988 ppm, 12,700 ppm and 12,546 ppm.

New Frontier’s chairman, Gerrard Hall, said that while heavy rare earth elements (HREE) and niobium remain the primary focus at Harts Range, the confirmation of tungsten mineralisation represents a significant additional upside to the Australian company’s exploration strategy

“This is a strategically significant finding given the tightening global supply of the metal and its critical role in defence and advanced manufacturing. With benchmark prices up more than 430% in the past 13 months, the tungsten adds a valuable new dimension to the project,” he said.

First-pass scout drilling of 27 reverse circulation (RC) holes for a total of 1,803m is now complete at Harts Range.

Mr Hall said the drilling results from Banks support the occurrence of historic high-grade rock-chip samples and confirm the presence of tungsten mineralisation within the project area, highlighting the potential for additional tungsten occurrences within the broader mineralised system.

The surface rock-chip sampling results at Cusp, located 300 metres south from Bank, further highlighted the presence of high-grade tungsten mineralisation at surface.

“These results, combined with the recent drilling intercept, support the interpretation that tungsten forms part of a broader multi- commodity mineral system at Harts Range.”

Meanwhile, New Frontier continues to progress its Pomme rare earth project in Québec, Canada. Next steps will include the collection of representative diamond drill core samples for conventional metallurgical testing and evaluation utilising Metallium’s (ASX: MTM) Flash Joule Heating (FJH) technology.

NFM is down -26% to 1.1cps Friday arvo.

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