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Nex Metals Exploration Limited (ASX:NME)

ALERT: Price-sensitive ASX Announcement for NME
Current share price for NME : $0.013 0.002 (18.18%)+
Announcement
Release
14 Aug 2026 9:22AM
Price at Release
$0.011
Full Release
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Summary
Nex Metals Explorations Ltd (ASX:NME) has announced the acquisition of the East Scotia Gold Project as part of a joint venture with the Wangkatja Tjungula Aboriginal Corporation (WTAC). The project, located in Western Australia's Eastern Goldfields, comprises three exploration licenses over 133.41 km². It sits within the same geological sequence as major mining complexes, offering significant exploration potential, especially since no modern exploration has occurred since the early 2000s. The acquisition is valued at $100,000 and a 2% net smelter royalty (NSR), with funding provided by WTAC. The joint venture aims to leverage both parties' strengths to sustainably advance the project, which aligns with their long-term exploration strategy.
Key Points
  • NME and WTAC joint venture acquires East Scotia Gold Project.
  • Project located in Eastern Goldfields of Western Australia.
  • Comprises three exploration licenses totaling 133.41 km².
  • Sits within same geological sequence as Golden Cities and Kanowna Belle mining complexes.
  • Acquisition cost is $100,000 and a 2% NSR, funded by WTAC.
  • No modern exploration since early 2000s.
  • Joint venture to enhance exploration potential and establish sustainable growth.
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.