New Frontier Minerals Identifies Untested Bedrock Conductor at Harts Range Project in Northern Territory
Key Takeaways
- •Southern Geoscience Consultants modelled a flat-lying bedrock conductor approximately 240 metres below surface within exploration licence EL 34147 using publicly available AusAEM airborne electromagnetic data.
- •The conductor is located 3.5 kilometres south of the Kings Cross magnetic anomaly in a belt that BHP Xplor-backed research reclassified in June 2026 as a district-scale copper-nickel mineral system that remains untested.
- •Chairman Gerrard Hall stated that airborne electromagnetic data has proven effective at identifying concealed bedrock conductors, providing the company a tool to prioritise future exploration.
- •New Frontier Minerals plans to review existing magnetic, radiometric, and geological datasets across the southern portion of EL 34147 and undertake reconnaissance mapping and rock chip sampling along the projected surface position of the conductor.
- •NFM shares were steady at 0.5 cents with a market capitalisation of $8.691 million prior to market open.
New Frontier Minerals (ASX:NFM) has received independent geophysical modelling that has defined a significant bedrock conductor within its Harts Range project in the Northern Territory.
The modelling work, carried out by Southern Geoscience Consultants (SGC), was conducted within exploration licence EL 34147, which forms part of the Harts Range heavy rare earths, niobium, and tungsten asset. The conductor was modelled using publicly available Geoscience Australia AusAEM airborne electromagnetic (AEM) data and characterised as a single, flat-lying plate situated approximately 240 metres below the surface.
Chairman Gerrard Hall noted that the conductor is located 3.5 kilometres south of the Kings Cross magnetic anomaly, within a belt that BHP Xplor-backed research reframed in June 2026 as a district-scale copper-nickel mineral system that remains untested.
"The Southern Geoscience AusAEM assessment provides further independent support for the emerging exploration potential of our Harts Range project," Mr Hall said.
"The identification of a bedrock conductor at depth, interpreted from airborne electromagnetic modelling, is particularly encouraging given its proximity to the recently announced BHP Xplor-backed Litchfield Minerals C2 conductor."
"While this is an early-stage geophysical target, the results reinforce our view that Harts Range has the potential to host a much broader mineral system than previously recognised. Importantly, the study demonstrates that airborne electromagnetic data can successfully identify concealed bedrock conductors within the belt, providing New Frontier with an effective tool to prioritise future exploration."
NFM's forthcoming Harts Range work program will include a review of the company's existing magnetic, radiometric, and geological datasets across the southern portion of EL 34147 to identify coincident structure, lithology, and magnetic responses. The company also plans to undertake reconnaissance mapping and rock chip sampling along the projected surface position of the conductor.
Prior to market open, NFM shares were steady at 0.5 cents, with a market capitalisation of $8.691 million.