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Nex Metals Exploration Limited (ASX:NME)

ALERT: Price-sensitive ASX Announcement for NME
Current share price for NME : $0.014 -0.001 (-6.67%)+
Announcement
Release
19 Aug 2026 6:24PM
Price at Release
$0.015
Full Release
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Summary
Nex Metals Explorations Ltd (NME), in partnership with the Wangkatja Tjungula Aboriginal Corporation (WTAC), announced a retraction and amendment of a previous announcement regarding their joint venture's inaugural project, the West Point Gold Copper Project. The earlier announcement included historical exploration results which were not verified under the JORC 2012 standards. NME plans to verify these results and may release them in the future following a new JORC Table 1 verification. They cautioned investors against relying on the previous exploration results for investment decisions. The joint venture aims to develop this project into a significant mining operation, having met all statutory requirements for its tenement application, with the next step being approval from the Department of Mines, Petroleum and Exploration (DMPE). The project is positioned for potential near-term development and exploration upside.
Key Points
  • NME retracts historical exploration results for West Point Gold Copper Project.
  • Joint venture with WTAC to develop mining projects in Western Australia.
  • The project has met all statutory requirements; awaiting DMPE approval.
  • Potential near-term development with significant exploration upside.
  • Cautions investors not to rely on unverified historical data.
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.