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Narryer Metals Limited (ASX:NYM)

ALERT: Price-sensitive ASX Announcement for NYM
Current share price for NYM : $0.052 -0.014 (-21.21%)+
Announcement
Release
29 Apr 2026 12:36PM
Price at Release
$0.066
Full Release
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Summary
Narryer Metals Limited's quarterly activities report for the period ending 31 March 2026 highlights ongoing exploration and development activities. Key projects include the Rocky Gully Scandium, Gallium, and Rare Earth Element project in Western Australia, which has significant potential for low-cost production due to its favorable location and near-surface mineralization. The company also reported metallurgical studies to develop a processing route and received commitments for a $1.056 million fundraising through share issuance. Additionally, Narryer Metals is advancing the Pingrup Scandium project and Muckanippie Joint Venture in South Australia, with continuing geological and metallurgical evaluations. The company's financials show a decrease in cash due to operating expenses, and it maintains a focus on optimizing resource extraction and expanding its project portfolio.
Key Points
  • Narryer Metals Limited continued exploration at Rocky Gully for scandium, REE, gallium, and titanium.
  • A new scandium-REE project was identified at Pingrup in Western Australia.
  • Muckanippie Project in South Australia continues with evaluation and drilling for maiden resource.
  • The company raised $1.056 million through equity securities issuance.
  • Rocky Gully has favorable conditions for low-cost mining due to its location and infrastructure.
  • Metallurgical studies are ongoing to develop processing routes for mineral extraction.
  • The company is also developing the Pingrup Scandium Project, leveraging synergies with Rocky Gully.
  • Cash flow report shows a decrease in cash due to operational expenses, with a focus on resource optimization.
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.