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New Frontier Minerals (OTCQB:NFMXF) announced an updated JORC Exploration Target across 14 prospects at its NWQ Copper Project: 12–58 Mt @ 0.3–1.5% Cu, equivalent to ~50,000–473,000 t contained copper.
The company plans to secure a mining lease for the Big One Deposit (MRE: 2.1 Mt @ 1.1% Cu, ~21 kt Cu), pursue processing arrangements with Austral Resources, and progress drilling and site visits across other priority prospects.
New Frontier Minerals (OTCQB: NFMXF) secured a binding option to acquire 90% of the advanced Pomme Rare Earth Element project in Quebec from Metallium (OTCQX: MTMCF).
The project covers ~9 square miles (43 claims), historic drilling (13 holes, ~3.5 miles) intersected REE-Nb mineralization in every hole across a >2km lateral system; early Metallium Flash Joule Heating test work and Canadian government and local Cree First Nations arrangements are in place.