New Frontier Minerals Secures 85% Stake in Harts Range Ahead of Key Drilling Results
New Frontier Minerals has completed the Stage 1 earn-in to secure an 85% interest in a pivotal tenement at its Harts Range Heavy Rare Earths Project, positioning the company strongly ahead of imminent assay results.
- 85% interest secured in tenement EL32513 at Harts Range
- Formal transfer documentation submitted to Northern Territory regulator
- Two additional tenements granted, expanding landholding
- Assay results from inaugural drilling campaign expected soon
- Plans to commence OTCQB trading and US marketing campaign
Strategic Ownership Milestone Achieved
New Frontier Minerals Limited (ASX, NFM) has marked a significant step in its exploration journey by completing the Stage 1 earn-in requirements to secure an 85% interest in tenement EL32513, a key asset within the Harts Range Heavy Rare Earths Project in the Northern Territory. This milestone not only grants majority ownership but also operational control over a strategically important portion of the project, which is located approximately 140 kilometres north-east of Alice Springs.
Expanding Regional Footprint
Alongside this earn-in achievement, New Frontier Minerals has been granted two additional tenements (EL34110 and EL34109) that are 100% owned by the company. These new tenements expand the company’s landholding in the Harts Range region, enhancing its exploration potential and increasing the chances of discovering further critical mineral deposits. The Harts Range area is emerging as a promising heavy rare earths province, with particular interest in elements such as dysprosium and terbium, which are vital for advanced manufacturing, defence technologies, and clean energy supply chains.
Awaiting Drilling Results
The earn-in milestone comes ahead of the eagerly anticipated assay results from New Frontier Minerals’ inaugural drilling campaign at Harts Range. These results are expected in the coming weeks and will provide critical insights into the mineralisation and economic potential of the tenements. Chairman Gerrard Hall highlighted the timing as opportune, noting that securing the 85% interest strengthens the company’s position at a pivotal moment in its exploration program.
Regulatory and Market Developments
Formal documentation to transfer the mineral titles has been submitted to the Northern Territory regulator, signalling progress towards full operational control. Additionally, New Frontier Minerals is preparing to commence trading on the OTCQB market in the United States during the first week of February 2026. This move is expected to enhance the company’s visibility and access to US investors, complemented by a planned marketing campaign targeting the American market.
Looking Ahead
With the expanded landholding and the upcoming assay results, New Frontier Minerals is positioned to refine its exploration targets and plan subsequent activities across the Harts Range project. The company’s focus remains on advancing its multi-commodity exploration strategy, with the Harts Range project at the forefront of its efforts to develop critical mineral resources essential for future technologies.
Bottom Line?
As assay results loom and OTCQB trading begins, New Frontier Minerals stands at a crossroads that could redefine its rare earths ambitions.
Questions in the middle?
- What will the assay results reveal about the grade and extent of rare earth mineralisation?
- How will the expanded tenements influence New Frontier Minerals’ exploration strategy and timeline?
- What impact will OTCQB listing and US marketing have on the company’s capital raising and investor base?
