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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
6 Aug 2026 8:21AM
Price at Release
$0.011
Full Release
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Summary
Nex Metals Explorations Ltd provided an update on the Kookynie Tailings Project, highlighting advances in their metallurgical test work program. The program identified a simple, cost-effective processing route that increased gold recovery from 52% to 71% through the introduction of carbon-in-leach processing and a light grind circuit. The results also suggest a potential tungsten by-product from scheelite in the tailings. The test work confirmed representative gold head grades, supporting the program's representativeness and the potential for further optimization of the process flowsheet. These advancements, alongside favorable environmental characteristics, mark significant progress in the project's development.
Key Points
  • Gold recovery increased from 52% to 71% using carbon-in-leach processing and light grinding.
  • Two bulk samples confirmed gold head grades of 0.94 g/t Au and 0.96 g/t Au.
  • A tungsten by-product potential was identified, with scheelite reporting to the gravity concentrate.
  • No deleterious elements were found above WHO guideline levels.
  • The project complements NME's broader capital-light growth strategy.
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.