Business
New Frontier Minerals Advances its Australian Copper Project with its Partner Austral Resources
New Frontier Minerals Limited (ASX: NFM | LSE: NFM | OTCQB: NFMXF) announced that following a joint field visit to its NWQ Copper Project in Australia, with its strategic partner, Austral Resources, the two companies are expected to continue evaluation of potential near-term development pathways.
About this update from New Frontier Minerals Limited
[{"type":"text","content":"Preliminary Metallurgical Test Work Shows Strong Copper Recoveries of 83-99% with Samples Exceeding 95% Recovery","length":112,"tagName":"p"},{"type":"text","content":"PERTH, Australia, May 18, 2026 /PRNewswire/ -- New Frontier Minerals Limited (ASX: NFM | LSE: NFM | OTCQB: NFMXF) announced that following a joint field visit to its NWQ Copper Project in Australia, with its strategic partner, Austral Resources, the two companies are expected to continue evaluation of potential near-term development pathways.","length":344,"tagName":"p"},{"type":"text","content":"The NWQ Copper Project includes the Big One Deposit, which hosts a JORC 2012 Inferred Mineral Resource Estimate of 2.1 Mt at 1.1% Cu for 21,886 tons of contained copper metal as well as the historical Mt. Storm prospect.","length":220,"tagName":"p"},{"type":"text","content":""The current copper market continues to be exceptionally strong due to a variety of factors, and we believe there is significant value in our partnership with Austral Resources as we advance the NWQ Copper Project," said Gerrard Hall, chairman of New Frontier Minerals. He noted that in particular, the Big One Deposit benefits from established regional infrastructure and significant land position within one of Australia's premier and proven copper districts.","length":475,"tagName":"p"},{"type":"text","content":"The recent joint visit to the site was conducted with the geological team from Austral Resources, with the objectives of assessing both the Big One Deposit and the Big One North anomaly in the context of broader exploration potential. In addition, the team from Austral also conducted a reconnaissance assessment of the historical Mt Storm prospect within the broader Copper Project tenure. Historically small-scale mining at Mt Storm was reported to have produced approximately 1,100 tons of ore at copper grade of 6% Cu. More detailed information can be found here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03090763-6A1325775&v=undefined.","length":683,"tagName":"p"},{"type":"text","content":"New Frontier Minerals and Austral Resources have executed an MOU that sets the foundation for a strategic alliance combining NFM's exploration expertise across the NWQ Copper Project with Austral's advanced copper processing facilities at Mt Kelly....