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Nex Metals Exploration Limited (ASX:NME)

ALERT: Price-sensitive ASX Announcement for NME
Current share price for NME : $0.012 -0.006 (-33.33%)+
Announcement
Release
9 Jun 2026 8:49AM
Price at Release
$0.018
Full Release
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Summary
Nex Metals Explorations Ltd reported results from its metallurgical test work program at the Kookynie Tailings Project in Western Australia, confirming gold grades of approximately 1 g/t and identifying the potential for tungsten as a byproduct. Two bulk samples returned gold head grades of 0.94 ppm and 0.96 ppm, consistent with historical drilling. The optimal recovery process identified combines gravity and cyanidation, with a potential additional revenue stream from tungsten recovery. This project aligns with NME's strategy of establishing its beneficiation capability and advancing its capital-light gold strategy.
Key Points
  • Gold grades confirmed at ~1 g/t
  • Potential tungsten byproduct identified
  • Two 50 kg bulk samples analyzed
  • Gravity and cyanidation circuit optimal for recovery
  • Representative grades consistent with historical drilling
  • Clean environmental profile
  • NME's strategy includes Kookynie and WTAC Joint Venture
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.