New Frontier Minerals (ASX:NFM) has identified numerous discrete uranium anomalies — a path finder to heavy rare earths — across the Harts Range Project in the Northern Territory.
This news comes after the company received results from processing and interpretation of geophysical data by Southern Geoscience Consultants.
At the Bobs and Cusp prospects, enhanced imagery shows discrete uranium anomalies coincident with mineralised pegmatites that are prime targets for drill testing.
Meanwhile, enhanced magnetics imagery shows Bobs and Cusp sitting on an east-northeast trending structure, which is interpreted to repeat to the north and south.
Chairman Ged Hall says the latest results are beyond the company’s expectations, with multiple targets for uranium anomalies lighting up across the entire project.
“Even better, the uranium anomalies are a pathfinder for high-value heavy rare earths mineralisation,” Hall says.
“Overall, the exploration potential at the Harts Range Project has increased significantly, and the geology team are set to return to site imminently to work on systematically identifying prime targets to drill test.”
New Frontier, which has a market capitalisation of $24.78 million, is prioritising numerous anomalies for ground truthing and target generation during the upcoming field season.
While the first phase of radiometric data processing has been completed, detailed integrated interpretation of the magnetics and radiometric data is being conducted with more comprehensive targets anticipated in mid-March 2025.
Prior to kicking off the field season, the geology team will use the integrated geophysical and geological datasets to identify and target key areas for ground truthing. This will include geological mapping and sampling to confirm and identify targets for drilling.
New Frontier Minerals is an Australia-based explorer focused on multi-commodity assets that show future potential as an economic mining operation.
Write to Aaliyah Rogan at Mining.com.au
Images: New Frontier Minerals
