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Nex Metals Exploration Limited (ASX:NME)

ALERT: Price-sensitive ASX Announcement for NME
Current share price for NME : $0.015 0.004 (36.36%)+
Announcement
Release
27 Jul 2026 4:14PM
Price at Release
$0.011
Full Release
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Summary
Nex Metals Exploration Limited has released an update on the metallurgical test work conducted at its Kookynie Tailings Project in Western Australia's Eastern Goldfields. The tests confirm gold grades of approximately 1 g/t, consistent with historical drilling. A processing pathway using gravity and cyanidation has been identified as optimal to maximize gold recovery. Additionally, the identification of scheelite, a tungsten-bearing mineral, suggests a potential secondary revenue stream. The project maintains a clean environmental profile with no harmful substances expected to impact processing. The company plans to continue test work and explore the economic viability of tungsten recovery alongside gold.
Key Points
  • Gold grades confirmed at ~1 g/t with 50 kg samples.
  • Optimal processing pathway identified: gravity and cyanidation.
  • Coarse-grained gold presence confirmed with average gold content 1.2 ppm Au.
  • Scheelite (tungsten) identified as a potential byproduct.
  • Clean environmental profile with no harmful processing impacts.
  • NME aims to establish its own beneficiation capability.
  • Further metallurgical test work phases are planned.
  • Potential tungsten economic impact under investigation.
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.