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Nelson Resources Limited (ASX:NES)

ALERT: Price-sensitive ASX Announcement for NES
Current share price for NES : $0.003 0 (0%)+
Announcement
Release
22 Jul 2026 8:18AM
Price at Release
$0.003
Full Release
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Summary
Nelson Resources Limited (ASX: NES) announced the identification of four priority exploration targets at the Cinnamon Tungsten Property in Nevada, USA. These targets were identified through high-resolution airborne magnetic and radiometric surveys, hyperspectral analysis, and reconnaissance geology. The targets, namely Ophir, Levant, Malabar, and Serica, are indicative of a broad intrusive-related hydrothermal system. The Ophir target is particularly notable for its near-surface potential, associated with an epidote-chlorite alteration footprint and an unmapped quartz monzonite intrusion. The Cinnamon property is strategically located near Guardian Metal Resources' advanced Pilot Mountain Tungsten Project. Nelson Resources plans immediate field validation through detailed prospecting, structural mapping, and geochemical sampling to better understand the hydrothermal architecture and potential mineralization, especially given the rising strategic importance of domestic tungsten supply in the US.
Key Points
  • Four priority exploration targets identified: Ophir, Levant, Malabar, and Serica.
  • Integrated interpretation from high-resolution surveys and hyperspectral analysis.
  • Ophir is a near-surface target with intense epidote-chlorite alteration.
  • Cinnamon property is adjacent to an advanced US tungsten project.
  • Field validation includes prospecting, structural mapping, and sampling.
  • Strategic significance due to rising tungsten demand and US domestic supply concerns.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.