New Frontier Minerals has confirmed substantial tungsten mineralisation at its Harts Range Project in the Northern Territory of Australia, following the conclusion of an initial scout drilling programme.
The reverse circulation (RC) drilling, encompassing 27 holes totalling 1,803m, identified significant tungsten oxide concentrations.
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A notable finding at the Bank Prospect revealed 1,237 parts per million (ppm) of tungsten oxide over a 4m span, including a high-grade section of 4,860ppm over 1m within altered amphibolite, observed at a depth of 132m.
In addition to the drilling outcomes, surface assays at the Cusp Prospect have produced tungsten oxide values between 5,930 and 14,501ppm.
These findings suggest that tungsten is part of an extensive multi-commodity mineral structure in the region.
The assays corroborate historical high-grade rock-chip samples and indicate further potential for tungsten occurrences within the broader mineralised area.
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By GlobalDataAlthough heavy rare earth elements and niobium continue to be the main focus at Harts Range, the discovery of tungsten mineralisation presents a noteworthy enhancement to New Frontier Minerals’ exploration approach.
To date, six out of 46 priority geophysical targets have been tested, with plans under way to systematically assess the remaining 40 targets.
Simultaneously, New Frontier Minerals continues to advance its Pomme Rare Earth Project in Québec, Canada.
The project is positioned as a low-cost growth strategy in North America, with a committed minimum expenditure of A$200,000 ($140,621) over 24 months.
Preparations are under way to collect diamond core samples for standard metallurgical testing, including Flash Joule Heating analysis in collaboration with Metallium.
The development comes as the benchmark price for ammonium paratungstate, a primary form of processed tungsten, has surged by more than 430% in the past year.
Factors contributing to this price increase include demand from defence and manufacturing sectors, export limitations from China and existing supply shortages.
New Frontier Minerals chairman Gerrard Hall said: “Our recent drilling campaign at Harts Range, where six of 46 priority targets were tested, has confirmed the presence of tungsten. 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. In parallel and driven by the growing demand for copper and continued bullish investor sentiment for the metal, management will prioritise the advancement of the highly prospective Big One Project, New Frontier’s most advanced and near-term opportunity.”
Last month, New Frontier signed a binding option and earn-in agreement to acquire a 90% interest in the Pomme REE (rare earth element) Project.
