New Frontier Minerals Limited — NWQ Copper Project – Big One Follow-Up Program

(LSE:NFM) New Frontier Minerals Limited reports the results of structural mapping and six rock-chip assays at a historical costean approximately 400 metres southwest of Big One Pit 1. The mapping and assays confirm a strike extension of the mineralised trachyte dyke and fault system. Selective assay results include stockpile material grading up to 7.76% CuO, costean rubble up to 1.67% CuO, and in-situ shear samples up to 1.30% CuO. An additional sample returned 0.15% CuO and 594 ppm Co. Structural measurements of approximately 80° towards 060° are consistent with the orientation of the Big One pits. The area where these samples were collected is heritage-cleared as of September 2020. This area remains untested by drilling but will be included in the next drill program and further geophysical surveys. The Big One project hosts a JORC Mineral Resource Estimate (MRE) of 2.1 million tonnes at 1.1% Cu, containing 21,886 tonnes of copper at a 0.45% cut-off grade. The company notes that the reported samples are selective and not representative of the overall resource. The assays and mapping are part of a follow-up program at the NWQ Copper Project. The company highlights the alignment of new structural data with existing pit orientations. The inclusion of this area in future drilling and geophysics is planned. The results support the potential for further resource extension at Big One. No new drilling has yet been conducted in the sampled area. The company reiterates that the samples are not representative of the broader resource base.