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Nelson Resources Limited (ASX:NES)

ALERT: Price-sensitive ASX Announcement for NES
Current share price for NES : $0.002 -0.001 (-33.33%)+
Release
9 Sep 2026 8:17AM
Price at Release
$0.003
Full Release
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Summary
Nelson Resources Limited announced it has lodged a Notice of Intent to collect an initial bulk metallurgical sample of up to 1,000 short tons, or about 910 tonnes, of remnant mineralised material from the historic Orleans Mine at its Gold Point Gold-Silver Project in Nevada, with the program designed solely to generate bulk-scale metallurgical data rather than to support a mining start-up or commercial production decision. The proposed sampling will target remnant and collapse material mainly from the 300-foot and 400-foot levels and associated stockpiles, with material to be stockpiled and, where practicable, separated into higher-grade and lower-grade lots for third-party mill processing so the company can assess process response, optimise a flowsheet, quantify gold and silver recoveries, and evaluate variability across grade profiles. The work is intended to complement laboratory metallurgical testwork already underway at Kappes, Cassiday & Associates in Reno on Orleans composite samples, with bulk-scale processing aimed at testing whether laboratory results hold under commercial-mill conditions. Nelson stated that extraction cannot begin until the NOI is approved and bonding is in place, processing cannot start until a third-party mill and campaign window are confirmed, and any sample above the 1,000-ton notice threshold would require a Plan of Operations, which is being prepared. The announcement also referenced previously reported Orleans remnant sample results to illustrate the grade range of material being targeted and noted that, once commenced, sampling through final processing is expected to take about four months, subject to permitting, contractor mobilisation and mill scheduling.
Key Points
  • Nelson Resources lodged a Notice of Intent for a proposed 1,000-short-ton metallurgical bulk sample at the Orleans Mine within the Gold Point Project in Nevada.
  • The sample targets remnant mineralised material and collapse material left behind by historic higher-grade mining, mainly on the 300-foot and 400-foot levels.
  • The purpose of the program is metallurgical characterisation, including process response, gold and silver recovery, and variability between higher-grade and lower-grade material.
  • The bulk sample is intended to complement laboratory testwork already underway at Kappes, Cassiday & Associates in Reno.
  • Nelson plans to process the material at a third-party commercial mill, but no mill has yet been contracted.
  • Extraction will not commence until the NOI is approved and the required financial bond is in place.
  • Processing will not commence until a mill facility and campaign window are confirmed.
  • Any sampling above the 1,000-ton BLM notice threshold would require a Plan of Operations, which the company is preparing.
  • The company emphasised that the work is not a decision to mine or commence commercial production.
  • Previously reported remnant sample results from Orleans showed a range of gold and silver grades that the proposed bulk sample is intended to represent.
  • If extraction and processing proceed, the company expects the program from sampling to final lot processing to take about four months, subject to operational and scheduling factors.
  • Nelson holds rights to earn up to a 90% interest in the Gold Point Project, a consolidated historic Nevada gold-silver district with multiple mineralisation styles and more than 5km of underground workings.
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.