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An announcement from Castillo Copper Ltd. ( (AU:NFM) ) is now available.
New Frontier Minerals Limited has lodged a Mining Lease Application for the Big One Copper Deposit, marking a significant milestone in securing long-term tenure over a key prospect within its NWQ Copper Project. This development is supported by an Initial Development Plan for an open-cut mining operation, aiming to leverage the robust copper demand and a processing collaboration with Austral Resources. The project is strategically positioned in a proven copper district, enhancing New Frontier’s access to established infrastructure and processing pathways, with first production targeted for early 2027.
More about Castillo Copper Ltd.
New Frontier Minerals Limited is a company operating in the mining industry, focusing on copper exploration and development. Its primary project is the NWQ Copper Project located in the Mt Isa copper belt in north-west Queensland, Australia.
Average Trading Volume: 2,297,116
Technical Sentiment Signal: Hold
Current Market Cap: A$40.13M
See more insights into NFM stock on TipRanks’ Stock Analysis page.