Frontier Resources Ltd (FNT)
Key Information
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Company Deep Dive
Frontier Resources (ASX: FNT) is a mineral exploration company with a focus on the discovery of critical minerals of Rare Earth Elements (REE’s) in tier 1 mining jurisdictions of Western Australia and South Australia.
Rare earth’s are seeing an unprecedented growth in demand due to their use in permanent magnets vital for electric vehicles, wind turbines, robotics and many more applications used in the decarbonisation of global economies.
The Company is planning high impact exploration programs across the portfolio of Rare Earth projects for 2022 as it enters the early discovery phase.
Highlights
Acquisition of Rare Earth and High Purity Alumina Projects completed
Extensive radiometric and magnetic geophysical surveys completed at Gascoyne Project
High level detailed review undertaken by Southern Geoscience Consultants
Several Priority 1 targets identified by SGC review highlighting the REE potential of the Gascoyne Projec
Total Landholding increased to >400sqkm in the Gascoyne Region prospective for REE and lithium pegmatites at the Mt Clere project
Exploration programs underway for 2022
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Key developments
Future Road Map and Milestones
People
Leadership Team
Brian Thomas
Brian Thomas is a very experienced Director and Corporate Executive with significant domestic and international resources management experience. He is the principal of a boutique corporate advisory practice working with small to mid-market capitalisation companies and investor groups predominantly in the resources industry overseeing market oriented technical reviews plus advising on corporate finance, mergers & acquisitions and investor relations.
Brian Thomas
Non-Executive Director
Brian Thomas is a very experienced Director and Corporate Executive with significant domestic and international resources management experience. He is the principal of a boutique corporate advisory practice working with small to mid-market capitalisation companies and investor groups predominantly in the resources industry overseeing market oriented technical reviews plus advising on corporate finance, mergers & acquisitions and investor relations.
He has held both Executive and Non-Executive Director roles with numerous ASX listed and unlisted companies after an extensive career in the financial services sector in corporate stockbroking, investment banking, funds management and corporate banking.
He has more than 35 years of mining and exploration industry experience in a broad range of commodities from precious and base metals, bulk and industrial minerals, diamonds plus oil and gas.
Brian graduated from the University of Adelaide with a BSc in Geology and Mineral Economics, the University of Western Australia Business School with an MBA and the Securities Institute of Australia (now FinSIA) with a certificate in Applied Finance and Investment.
David Frances
David Frances is an international executive of nearly 30 years with a track record of transacting, discovering, funding, developing and operating assets in Australia and Africa. He has been a key figure in the transformation of several companies.
David Frances
Non-Executive Chairman
David Frances is an international executive of nearly 30 years with a track record of transacting, discovering, funding, developing and operating assets in Australia and Africa. He has been a key figure in the transformation of several companies.
David has served as Chairman – both Executive and Non-Executive, President, Managing Director and Non-Executive Director for a variety of ASX and TSX listed and private Companies across a diverse range of business. He has dealt with multiple governments at all levels and specialises in the delivery of tough projects in complex jurisdictions.
He has been extensively involved in the early development of Green Hydrogen projects in Western Australia and is committed to seeing Companies move towards reporting of ESG metrics.
Peter Swiridiuk
Peter Swiridiuk holds a BSc (Hons), DipEd, MAIG. Peter has over 25 years’ experience exploring for copper, gold, diamonds, coal and base metals. Between 1997 and 2012, he spent substantial amounts of time managing exploration, discovery and resource definition for projects in Papua New Guinea, including evaluation of data at Frieda River and acting as a consultant geophysicist to Frontier Resources (2003-2013).
Peter Swiridiuk
Non-Executive Director
Peter Swiridiuk holds a BSc (Hons), DipEd, MAIG. Peter has over 25 years’ experience exploring for copper, gold, diamonds, coal and base metals. Between 1997 and 2012, he spent substantial amounts of time managing exploration, discovery and resource definition for projects in Papua New Guinea, including evaluation of data at Frieda River and acting as a consultant geophysicist to Frontier Resources (2003-2013).
In 2007 he spent over six years as Managing Director of ASX listed Coppermoly Limited where he attracted over $32 million through an IPO, capital raisings and joint venture partner Barrick Gold Corp. While leading Coppermoly, over 2 billion pounds of copper, in two separate JORC resources, were delineated on New Britain Island, Papua New Guinea.
Peter was geophysicist for DeBeers diamond services during the 1990’s where he managed geophysical surveys for the exploration of diamonds in Australia.
Since 1997, he has been a technical consultant working on projects in Australia, PNG, Solomon Islands, Philippines, Cyprus, Mexico and Oman, where his exploration led to the discovery of two copper mines. Peter has authored numerous independent technical reports for the purpose of capital raisings. Peter was previously a Director of Coppermoly Ltd.
Matthew Foy
Matthew is a professional company secretary and active member of the WA State Governance Council of the Governance Institute Australia (GIA). He has spent twelve years facilitating the listing and compliance of ASX companies and possess core competencies in publicly listed company secretarial, operational and governance disciplines.
Matthew Foy
Company Secretary
Matthew is a professional company secretary and active member of the WA State Governance Council of the Governance Institute Australia (GIA). He has spent twelve years facilitating the listing and compliance of ASX companies and possess core competencies in publicly listed company secretarial, operational and governance disciplines.
Frontier Resources' projects
Gascoyne (Rare Earth)
Gascoyne Rare Earth Elements Project is exploring for light rare-earth oxide's of Neodymium (Nd2O3) and Praseodymium (Pr6O11) critical to the production of permanent magnets, with demand forecast to surge due to their use in EV’s and renewable energies such as wind turbines.
The Gascoyne REE Project adjoins the world-class Yangibana Deposit (ASX: HAS ~$460m market capitalisation) in the Gascoyne Region of Western Australia, set to be the next REE producer outside of China by 2023.
Murraydium (Rare Earth)
The Murraydium Earths project occurs over 873 sq.km across four tenement blocks (ELA2021/00058) within the Murray Basin in Southeastern South Australia adjacent to the Australian Rare Earth’s (ASX: AR3) Koppamurra REE prospect.
AR3 has already established a JORC 2021 Inferred Mineral Resource of 39.9Mt @ 725ppm TREO at Red Tail and Yellow Tail. Recent drilling by AR3 confirms clay hosted rare earth mineralisation adjacent to the SRE Naracoorte Block with results including 2m @ 1008 ppm TREO. This demonstrates the potential of additional high-grade rare earth ionic clays of global significance across wide portions of the project area.
Mt Clere (Rare Earth and Lithium)
The Mt Clere Project is a significant area in the eastern Gascoyne Province prospective for rare earths and lithium pegmatites. The strategic pegging of Mt Clere increases Frontier’s total landholding by approximately 350km² of Durlacher Supersuite, host to the world-class Yangibana Deposit 27.42Mt @ 0.97% TREO
Koolya (High Purity Alumina)
The Koolya High Purity Alumina (HPA) Project covers 240km² prospective for bright white kaolin and High Purity Alumina (HPA) located 460km east of Perth. The region is a proven high quality kaolin producing region with Tellus Holdings Sandy Ridge kaolin mine 30km away to the northeast.
Media & Announcements
960.1ppm TREO in Historic Surface Sample at Mt Clere Project
04 May 2022
Drill Plan Targeting Gascoyne Rare Earth Elements
26 Apr 2022
Exploration Licence Granted at Murraydium South Australian Rare Earth Project
19 Apr 2022
Drilling Contract Awarded, Rig Secured Gascoyne Rare Earths Project
31 Mar 2022
FNT announced 128,000 oz Au Maiden Inferred Resource at Saki Prospect PNG
28 Feb 2022Investments
Capital Raises
Funds raised to acquire all shares in Southern Rare Earths Pty Ltd.