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Nelson Resources Ltd. ( (AU:NES) ) has issued an announcement.
Nelson Resources Ltd. has entered into a Right to Mine Agreement with MEGA Resources for the Yarri Gold Project, which allows MEGA to fully fund and manage the project’s operations, including drilling, technical studies, and mining services. This partnership provides Nelson with a 30% profit share from ore sales and positions the company to move towards production without upfront capital requirements, benefiting from MEGA’s expertise and financial backing.
More about Nelson Resources Ltd.
Nelson Resources Ltd. operates in the mining industry, focusing on the exploration and development of gold projects. The company is primarily involved in advancing its Yarri Gold Project located near Kalgoorlie, Western Australia.
Current Market Cap: A$8.69M
Learn more about NES stock on TipRanks’ Stock Analysis page.