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Narryer Metals Limited (ASX:NYM)

ALERT: Price-sensitive ASX Announcement for NYM
Current share price for NYM : $0.051 0.016 (45.71%)+
Announcement
Release
1 Oct 2025 9:21AM
Price at Release
$0.035
Full Release
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Summary
Petratherm Limited's recent drilling program at the Rosewood and Echo Prospects has significantly extended the high-grade heavy mineral sands (HMS) mineralization over a large area. The Rosewood drilling, consisting of 60 holes and totaling 1,796 metres, extended the continuous high-grade mineralization north by 2.6km with notable intersections confirming the continuity, grade, and thickness of the HMS. Additionally, a new exploration area was identified 4km northeast of the Rosewood Project, named the Echo Prospect, showing a promising northeast trending mineralized zone. This exploration is part of the Muckanippie Project in South Australia, where significant concentrations of titanium-rich sands have been discovered, indicating the potential for world-class titanium projects. The project is a joint venture involving Narryer Metals Limited (ASX: NYM) and involves areas of prospective exploration for critical minerals.
Key Points
  • Drilling at Rosewood extended mineralization by 2.6km north.
  • New HMS mineralized zone identified at Echo Prospect.
  • Echo Prospect exhibits a 4.5km northeast trending mineralized area.
  • Significant HMS concentrations found in the Muckanippie Project Area.
  • Potential for world-class titanium project development.
  • Petratherm's joint venture with Narryer Metals Limited and G4 Metals.
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.