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North Stawell Minerals Ltd (ASX:NSM)

ALERT: Price-sensitive ASX Announcement for NSM
Current share price for NSM : $0.020 -0.006 (-23.08%)+
Announcement
Release
19 Jun 2026 8:56AM
Price at Release
$0.026
Full Release
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Summary
North Stawell Minerals Ltd, focused on gold exploration in the Stawell Mineralised Corridor in Victoria, Australia, is advancing its projects by targeting high-grade gold opportunities using geophysics and fluid flow modeling to find mineralisation under cover. The company's tenements, largely masked by cover, benefit from new drilling and reinterpretation efforts that highlight similarities with the renowned Stawell Gold Mine. Their strategy emphasizes leveraging infrastructure to expedite production while respecting the traditional landowners of the areas they operate in.
Key Points
  • NSM tenements are predominantly masked by cover, making gravity data and fluid flow modeling crucial for finding basalt under cover and at depth.
  • Mariners-type mineralisation forms faulted splays off the margins of the large basalt slab, similar to Stawell Gold Mine.
  • High-grade drill intercepts occur over a 3.6km trend connected to Stawell Gold Mine, with notable historic workings.
  • The Wildwood Mineral Resource has been reinterpreted and estimated, showing identical mineralisation style to Stawell Gold Mine.
  • North Stawell Minerals (NSM) is focused on gold exploration in the Stawell Mineralised Corridor in Victoria, Australia.
  • NSM is undertaking a geophysical survey to test mineralisation styles, targeting high-grade opportunities.
  • The company strategy includes leveraging existing infrastructure to accelerate production and focusing on high-grade gold opportunities.
  • Multiple diamond drill targets are established at Wildwood, offering potential for larger volume mineralisation.
  • The company acknowledges the traditional owners of the land and respects their past and present elders.
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.