New Frontier Minerals identifies numerous uranium anomalies at Harts Range Project
Why we think this is good
The RNS provides highly positive updates on the exploration progress at the Harts Range Project, with the identification of numerous uranium anomalies that are a pathfinder for heavy rare earth mineralisation. This suggests significant exploration upside for the company. The company has also identified priority drill targets at the Bobs and Cusp Prospects based on the geophysical data, which is a further positive development.
Key Points
- Numerous discrete uranium anomalies identified across the entire Harts Range Project
- Uranium anomalies are a pathfinder for heavy rare earth mineralisation, highlighting the project's exploration potential
- Priority drill targets identified at the Bobs and Cusp Prospects, where uranium anomalies coincide with mineralised pegmatites
- Structural trends identified that may be controlling the uranium, niobium and heavy rare earth mineralisation
Summary
New Frontier Minerals Limited has announced excellent results from the processing and interpretation of geophysical data at its Harts Range Uranium, Niobium and Heavy Rare Earths Project in Australia. The geophysical survey has identified numerous discrete uranium anomalies across the entire project area, which is a critical pathfinder for high-value heavy rare earths mineralisation. This significantly increases the exploration potential of the project. The company has also identified priority drill targets at the Bobs and Cusp Prospects, where the uranium anomalies are coincident with mineralised pegmatites.