Business
New Frontier Minerals Announces 12-58Mt @ 0.3-1.5% Cu Exploration Target (50-473kt Contained Copper) at Northwest Queensland Copper Project
New Frontier Minerals Ltd. (ASX: NFM; OTCQB: NFMXF; LSE: NFM) announced the company's updated JORC Exploration Targets across 14 prospects within its NWQ Copper Project, located in the Mt. Isa region of northwest Queensland, Australia that underscore the substantial potential scale and depth of opportunity across project and "clearly demonstrate significant exploration potential beyond the Big One Deposit," according to Gerrard Hall, Chairman of New Frontier Minerals.
About this update from New Frontier Minerals Limited
[{"type":"text","content":"PERTH, Australia, Feb. 23, 2026 /PRNewswire/ -- New Frontier Minerals Ltd. (ASX: NFM; OTCQB: NFMXF; LSE: NFM) announced the company's updated JORC Exploration Targets across 14 prospects within its NWQ Copper Project, located in the Mt. Isa region of northwest Queensland, Australia that underscore the substantial potential scale and depth of opportunity across project and "clearly demonstrate significant exploration potential beyond the Big One Deposit," according to Gerrard Hall, Chairman of New Frontier Minerals.","length":534,"tagName":"p"},{"type":"text","content":"The updated Exploration Target estimate ranges from 12-58 million tons (MT) 0.3-1.5% cu, representing circa 50,000-473,000t of contained copper, defined across 14 priority prospects within New Frontiers' NWQ Copper Project.","length":227,"tagName":"p"},{"type":"text","content":"Hall explained that New Frontier's initial focus is to secure a mining lease over Big One Deposit and formalize a copper ore processing agreement with Austral Resources to utilize its Mt. Kelly facility. "In due course, the development pathway comprises fully developing the Big One Deposit, then explore the remaining 13 prospects to determine their potential to host copper deposits," he said. He added that collectively this work highlights the NWQ Copper Project's potential to have multiple copper deposits with a clear production pathway.","length":562,"tagName":"p"},{"type":"text","content":"Extensive details of this announcement can be found here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03059259-6A1313077&v=undefined.","length":173,"tagName":"p"},{"type":"text","content":"New Frontier's geology team has delineated 14 priority prospects within the NWQ Copper Project that underpin the Exploration Target, and holistically demonstrate significant exploration potential. The team has identified a proposed development pathway comprising:","length":267,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Securing of the mining lease over the Big One Deposit (MRE:2.1 [email protected]% Cu for approximately 21kt copper metal), which is currently under review by the Queensland regulator.","length":172,"tagName":"p"}]},{"val":[{"type":"text","content":"Leveraging the alignment with Austral Resources to formal...