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Norwest Minerals Limited (ASX:NWM)

ALERT: Price-sensitive ASX Announcement for NWM
Current share price for NWM : $0.006 -0.006 (-50%)+
Announcement
Release
8 May 2026 8:26AM
Price at Release
$0.012
Full Release
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Summary
In 2026, Norwest Minerals Limited is advancing its Bulgera Gold Project with a new Mineral Resource Estimate totaling 23.8 million tonnes at 0.65 grams per tonne gold, equaling 501,000 ounces. The updated resource estimate applies a lower cut-off grade, increasing the tonnage of heap leachable material significantly. Orelogy Mining Consultants is spearheading a scoping study to optimize the resource model, while environmental strategies are being developed by MBS Environmental Consultants. Key efforts include heap leach test work on oxide and transition materials and further drilliing for resource conversion.
Key Points
  • Orelogy Mining Consultants will lead the Bulgera Scoping Study in 2026.
  • Norwest Minerals Limited has updated the Mineral Resource Estimate for Bulgera to 23.8 Mt @ 0.65 g/t gold for 501,000 ounces.
  • The Bulgera Gold Project's new JORC 2012 compliant resource applies a 0.24g/t lower gold cut-off.
  • Heap leach test work is focused on Bulgera's oxide and transition material.
  • 71% of the near-surface oxide and transition material is in the 'Indicated' confidence category.
  • Bulgera's historical and recent drilling supports the definition of a mineral resource under the 2012 JORC code.
  • Environmental approvals strategy for Bulgera is being prepared by MBS Environmental Consultants.
  • The Bulgera Trend is a broad mineralised shear zone on the western side of the Bulgera Project.
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.