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Narryer Metals Limited (ASX:NYM)

ALERT: Price-sensitive ASX Announcement for NYM
Current share price for NYM : $0.070 0.02 (40%)+
Announcement
Release
12 Aug 2026 8:17AM
Price at Release
$0.050
Full Release
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Summary
Narryer Metals Limited has announced a new Scandium project at the Pingrup site in Western Australia. The company's focus has shifted from previously targeting magmatic nickel sulphides to exploring rare earth element (REE) mineralisation, particularly scandium, discovered in historic aircore drilling. The drilling identified significant scandium concentrations within saprolitic clays, with plans to conduct further exploration and ground magnetics to delineate the mineralised zones. This project aims to capitalize on the growing demand for scandium, a critical mineral used in high-tech applications, where supply is currently dominated by China.
Key Points
  • Narryer Metals Limited uncovers new Scandium project in WA.
  • Focus shifted from nickel sulphides to REE mineralisation.
  • Significant scandium concentrations found in saprolitic clays.
  • Planned exploration includes aircore drilling and ground magnetics.
  • Scandium is a critical mineral with high demand and limited supply.
  • China currently dominates scandium supply.
  • Project aligns with growing high-tech industry needs.
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.