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New Frontier Minerals Ltd on Monday said it has applied to list on the US OTCQB market, as it got approval for its maiden drilling campaign at the Harts Range heavy rare earth and niobium project. The minerals exploration company in Australia said it has been granted drilling approval for the project by the Northern Territory department of mining and energy. The campaign is made up of up to 46 reverse circulation holes, targeting ‘multiple high-priority anomalies’. The firm said planning and preparatory activities are advancing, with logistics and drill pad construction being scheduled ahead of the proposed mobilisation of the drilling crew. The campaign will test the depth extension of the heavy rare earth mineralisation, with particular attention to dysprosium and terbium. These are critical elements in high-performance permanent magnets used in electric vehicles, wind turbines and advanced defence technologies. ‘We are delighted regulatory approval to commence the RC drilling campaign at the Harts Range Project has been secured. NFM’s contractors and geology team are now working at an accelerated pace to ensure the campaign can get underway in a timely manner,’ said Chair Gerrard Hall. New Frontier Minerals said it expects to receive metallurgical test-work results from a 25-kilogram bulk sample soon. The sample was being analysed for rare earth processing. Chair Hall added: ‘The board is optimistic that as insights start coming to hand from the metallurgical test work and drilling campaign, a clearer picture of the underlying heavy rare earth system will materialise.’ Following a review, New Frontier Minerals said it has applied to list on the US OTCQB market. The firm said this would enhance visibility and gain access to US investors who want exposure to Australian explorers focused on critical minerals, particularly heavy rare earth elements. Shares in New Frontier Minerals were down 2.3% at 1.08 pence on Monday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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