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Norwest Minerals Limited (ASX:NWM)

ALERT: Price-sensitive ASX Announcement for NWM
Current share price for NWM : $0.009 0.001 (12.50%)+
Announcement
Release
1 Jul 2026 9:20AM
Price at Release
$0.008
Full Release
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Summary
Norwest Minerals Limited announced an update on the Bulgera Gold Heap Leach Project, highlighting a revised Mineral Resource Estimate of 8.7 million tonnes at a grade of 0.68 grams per tonne for a total of 191,000 ounces of gold. The majority of this resource falls within the higher-confidence Indicated category, enhancing the project's economic potential. The company has commenced formal column leach testing after achieving high recovery rates in initial bottle-roll tests, and Orelogy Mining Consultants are leading the Scoping Study. The project, situated in a well-established mining region in Western Australia, continues to progress with its technical and environmental assessments.
Key Points
  • A revised Mineral Resource Estimate (MRE) of 8.7Mt @ 0.68g/t Au for 191,000 ounces has been defined, with 76% categorized as Indicated.
  • The project is supported by a strong economic model using an RPEEE-optimised pit shell at a gold price of $A5,000/oz.
  • Norwest Minerals conducts formal column leach testing following high bottle-roll gold recoveries of 86%.
  • Orelogy Mining Consultants leads the heap leach Scoping Study, supported by metallurgical advisors KCAA and ALS.
  • The Bulgera Gold Project is located within a historically significant mining district in Western Australia.
  • The project aims to finalize its Scoping Study and advance towards more definitive studies.
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.