New Frontier Minerals Prospectivity Analysis Across Company's NWQ Copper Tenement Package Identifies Eldorado as High Priority for Follow-up Alongside New Frontier's Flagship Big One Deposit

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New Frontier Minerals (ASX: NFM, OTC: NFMXF) reported that a prospectivity analysis of its NWQ Copper Project in the Mount Isa copper district has elevated the Eldorado Prospect to the second-highest priority exploration target, behind the flagship Big One Deposit, within a portfolio of more than 20 copper prospects over a 977 km² tenement package.

The review also reaffirmed the significance of the historic Mt. Storm Copper Mine. According to New Frontier Minerals, Eldorado is supported by a substantial copper geochemical footprint and a favorable structural setting. The company focuses on exploration of critical minerals and base metals across projects in Australia and Canada, including rare earth, niobium and copper assets.

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PERTH, Australia, Aug. 25, 2026 /PRNewswire/ -- New Frontier Minerals (ASX: NFM; OTCID: NFMXF) announced that following a prospectivity analysis of its NWQ Copper Project in the Mount Issa copper district of north-west Queensland, Australia, the company will conduct additional follow-up, alongside further exploration at the Eldorado Prospect.

A review of the Project's exploration target portfolio, comprising more than 20 identified copper prospects across the Company's 977km NWQ package, has ranked the Eldorado Prospect as the second highest priority target behind the Big One Deposit. The recent review of the company's assets also reaffirmed the significance of the historic Mt. Storm Copper Mine.

Additional details can be found here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03124573-6A1339775&v=undefined/

"The latest review highlights the significant exploration opportunity that exists across our NWQ Copper Project," said Gerrard Hall, chairman of the company. "While Big One remains our most advanced asset, Eldorado has emerged as a compelling priority target, supported by a substantial copper geochemical footprint and a favorable structural setting."

New Frontier Minerals (https://www.newfrontierminerals.com) is an Australian-based company focused exploration of critical minerals and base metals required to power a more electrified and sustainable future. The company holds a strategic portfolio of rare earth, niobium and copper assets in Australia and Canada, which includes the harts Range Heavy Rare Earths and Niobium Project in the Northern Territory, and the NWQ Cooper Project in Queensland. Other interests include the Pomme REE Project, in Quebec, Canada. These commodities are expected to play an increasingly important role in supporting global decarbonization, energy security and technological advancement.

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SOURCE New Frontier Minerals

FAQ

What did New Frontier Minerals (NFMXF) announce about the Eldorado Prospect on August 25, 2026?

New Frontier Minerals announced that its Eldorado Prospect has been ranked the second-highest priority exploration target after the Big One Deposit. According to New Frontier Minerals, this follows a prospectivity analysis across its NWQ Copper Project in the Mount Isa copper district.

Why is the Eldorado Prospect important for New Frontier Minerals (NFMXF)?

Eldorado is important because it has emerged as a compelling priority target supported by a substantial copper geochemical footprint and favorable structural setting. According to New Frontier Minerals, it now ranks just behind the company’s flagship Big One Deposit for follow-up exploration work.

How many copper prospects are included in New Frontier Minerals’ NWQ Copper Project?

The NWQ Copper Project exploration portfolio includes more than 20 identified copper prospects across a 977 km² tenement package. According to New Frontier Minerals, this portfolio was reviewed to prioritize follow-up work, with Big One ranked first and Eldorado second in priority.

What role does the historic Mt. Storm Copper Mine play in New Frontier Minerals’ strategy?

The historic Mt. Storm Copper Mine was reaffirmed as significant in New Frontier Minerals’ recent asset review. According to New Frontier Minerals, this recognition comes alongside re-ranking of exploration priorities within the NWQ Copper Project, which includes Big One, Eldorado and other copper prospects.

Where is New Frontier Minerals’ NWQ Copper Project located and what commodities does it target?

The NWQ Copper Project is located in the Mount Isa copper district of north-west Queensland, Australia, targeting copper. According to New Frontier Minerals, the company also explores rare earths and niobium in Australia and Canada as part of its critical minerals strategy.

What other key projects does New Frontier Minerals (NFMXF) hold besides the NWQ Copper Project?

Besides NWQ Copper, New Frontier Minerals holds the Harts Range Heavy Rare Earths and Niobium Project in Australia and the Pomme REE Project in Quebec. According to New Frontier Minerals, these projects focus on critical minerals supporting decarbonization and energy security.