InvestSMART

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
25 Aug 2026 10:42AM
Price at Release
$0.015
Full Release
download
Summary
Nex Metals Explorations Limited (ASX:NME) has reported progress on its Kookynie Tailings Project in collaboration with Wangkatja Tjungula Aboriginal Corporation (WTAC). The company has applied for a General Purpose Lease (GPL) to establish processing infrastructure for tailings located approximately 10 kilometers east of the Kookynie Tailings Project site. The metallurgical tests have shown up to 71% gold recovery using conventional processing techniques, with ongoing optimization to further improve recovery rates and exploring the possibility of tungsten as a by-product. The development of the GPL is aimed at enhancing the project's economics by avoiding toll processing and will be subject to further assessment and approvals.
Key Points
  • NME partners with WTAC under a Profit Sharing and Empowerment Agreement.
  • Application for a 100ha General Purpose Lease for tailings processing infrastructure.
  • Metallurgical tests show up to 71% gold recovery.
  • Consideration of tungsten recovery as a potential by-product.
  • GPL aims to replace toll processing, improving project economics.
  • Project development subject to further assessments and approvals.
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.