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Castillo Copper Ltd. ( (AU:NFM) ) has shared an announcement.
New Frontier Minerals Limited has finalized plans for a maiden reverse circulation drilling program at its Harts Range Heavy Rare Earth and Niobium Project in Northern Territory, Australia. The program aims to test surface mineralization and assess the extent of high-value heavy rare earth elements like dysprosium and terbium, which are in strong demand for their role in high-performance magnets. The company has completed significant preparatory work and is awaiting imminent regulatory approval to commence drilling. This initiative is expected to enhance the company’s position in the global supply chain for critical minerals and potentially create significant value for shareholders.
More about Castillo Copper Ltd.
New Frontier Minerals Limited is a company operating in the mining industry, focusing on the exploration and development of heavy rare earth elements and niobium. Their primary market focus is on high-value heavy rare earth lanthanides such as dysprosium and terbium, which are crucial for high-performance magnets used in various industries.
YTD Price Performance: 16.67%
Average Trading Volume: 2,160,105
Technical Sentiment Signal: Hold
Current Market Cap: A$33.71M
For detailed information about NFM stock, go to TipRanks’ Stock Analysis page.