Castillo Copper Ltd. ( (AU:NFM) ) just unveiled an announcement.
New Frontier Minerals Ltd has identified a new prospect named ‘Paddington’ at the Harts Range Project, located 140km north-east of Alice Springs. This discovery is part of a broader exploration effort involving 46 targets identified through an airborne geophysical survey. The company has expanded its operational footprint by applying for new tenements, EL34109 and EL34110, at Harts Range, reflecting its commitment to developing high-potential mineral resources. The discovery of Paddington, located near the existing Bobs Prospect, underscores the effectiveness of airborne geophysics in regional exploration. The company’s efforts are timely, as China’s restrictions on heavy rare earths exports could lead to increased demand for alternative supply chains, benefiting jurisdictions like Australia.
More about Castillo Copper Ltd.
New Frontier Minerals Ltd is a company operating in the mineral exploration industry, focusing on high-value critical mineral resources. The company is actively engaged in exploring and developing mineral prospects in Australia, particularly targeting heavy rare earths, uranium, and niobium.
YTD Price Performance: -10.0%
Average Trading Volume: 383,860
Technical Sentiment Signal: Sell
Current Market Cap: £8.42M
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