New Frontier Minerals (ASX: NFM) Moves From Concept to Discovery
+35% Since October Initiation | 226% Upside to Target
New Frontier Minerals (ASX: NFM) just hit two major catalysts: full regulatory approval to commence drilling at its high-grade Harts Range Project, and a formal application to list on the U.S. OTCQB market.
In our October 2025 initiation report, we identified NFM as a top-tier rare earths explorer with a standout mix of grade, metallurgy, and strategic metal exposure.
Today’s developments accelerate the path from concept to potential discovery — exactly the re-rating trigger we anticipated.
With surface assays showing 1.72% TREO (94.8% HREO/TREO) and 4.5% Nb₂O₅, the focus now turns to confirming continuity at depth — the single most important step toward unlocking commercial scale.
Why This Matters Now:
✅ Drilling Mobilisation Underway (Q4 2025): 46-hole RC program approved.
🧪 Metallurgical Results Imminent: Processing de-risking could follow.
🔑 Initial Drill Results (Q1 2026): Major near-term valuation catalyst.
🌐 U.S. OTCQB Listing Application Lodged: Expands visibility and liquidity.
Cashu Research Takeaway:
With exploration advancing and investor access broadening, NFM is moving into its highest-leverage phase. We continue to view our A$0.075 price target as conservative under a success-case scenario — and reaffirm our Speculative Buy rating.
Read our original October 2025 initiation report at:
Disclosure: This research update has been prepared by Cashu Research, a division of Cashu Group, which is an authorised representative (AR #001318029) of Adviser Solutions Group Pty Ltd (AFSL 485946). This note is for general information purposes only and does not constitute personal financial advice. It does not take into account your objectives, financial situation, or needs. Cashu Research did not receive remuneration from New Frontier Minerals Ltd for the preparation of this update. For full disclosures, please refer to our original initiation coverage published on 16 October 2025 at research.cashugroup.com.