Our First ASX Pick Is Already Up 20%
We’re proud to share our first company profile since launching Cashu Research, a new division of Cashu Group dedicated to speculative growth insights in the resources and technology sectors.
Following the successful registration of our AFSL (Australian Financial Services Licence), we’re now bringing investors exclusive, research-backed opportunities—starting with what we believe is a standout in the critical minerals space.
Introducing Our First Pick: New Frontier Minerals (ASX/LSE: NFM)
We first covered New Frontier Minerals Ltd in our launch research note while it was trading at A$0.017. Today it’s up to A$0.021—an early move that’s gaining momentum ahead of its maiden drill campaign.
What’s behind the excitement?
A rare combination of heavy rare earths, niobium, and tantalum — all confirmed at surface, all globally strategic, and all in increasingly short supply.
Why we Chose NFM as Our First Official Coverage
The company’s flagship Harts Range Project, located in Australia’s Northern Territory, is shaping up as a potential discovery:
1.72% TREO, with a market-leading 94.8% from high-value heavy REEs
4.5% niobium and 0.9% tantalum — metals with only a handful of producers globally
Dysprosium and terbium content represents 13% of the total rare earth basket — critical inputs for EV motors and military-grade magnets
With confirmed high-grade surface mineralisation and an imminent drill program, NFM is one of the few ASX juniors positioned at the intersection of energy security, EV growth, and defence independence.
🌍 Macro Tailwinds Amplify the Opportunity
China recently tightened exports on heavy rare earths and magnet materials
The U.S. DoD and Australia are actively funding alternative supply chains
Governments and manufacturers are looking to secure local sources of Dy, Tb, and Nb
Australia is viewed as a trusted supplier, making projects like NFM highly attractive
The timing couldn’t be better for a new entrant with heavy rare earths and battery metals in a Tier-1 jurisdiction.
📈 Our Research Price Target: A$0.075
That’s 250%+ upside from today’s price of A$0.021
Using comparable valuation data from post-discovery rare earth companies (e.g. Northern Minerals, WA1 Resources), we’ve modeled a six-month speculative price target of A$0.075 for NFM.
This target is contingent on successful drill results—but if the upcoming campaign validates the surface grades, we believe NFM could re-rate sharply.
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Disclosures
Cashu Group did not receive remuneration from New Frontier Minerals Ltd for the preparation of this research note.
We provide only general financial product advice. You should note that general advice does not relate specifically to you and is prepared without taking into account any of your objectives, financial situation or needs.
As a result, before acting on the general advice, you should consider the appropriateness of the advice, having regard to your objectives, financial situation and needs. You should consider seeking the advice of relevant legal, taxation, superannuation, financial and/or other relevant advisors before the information is acted on.
The general advice provided relates to securities which are listed on an exchange (usually the Australian Stock Exchange). You should consider any information published by the listed company (including, without limitation, any prospectus, ASX announcements, or other investor updates published by the relevant company) before acquiring or investing in any shares.
Whilst Cashu Research has taken reasonable care, there is no guarantee by either Cashu Research, or its AFSL provider, ASG, that the information in this Research Report is accurate or up to date. The general advice in this Research Report is provided by Cashu Research. Cashu Research is part of Cashu Technology Pty Ltd, which is an authorised representative (AR # 001318029) of Adviser Solutions Group Pty Ltd (ABN 88 601 875 521) (AFSL 485946) (ASG).