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The latest update is out from Nelson Resources Ltd. ( (AU:NES) ).
Nelson Resources has secured the grant of Mining Leases M31/503 and M31/504 at its Yarri Gold Project in Western Australia, marking a key advance in converting the site from exploration to development. The company recently finalised a Native Title and Mining Agreement with the Wangkatja Tjungula Aboriginal Corporation on behalf of the Nyalpa Pirniku People, allowing the State to execute the Deed for Grant of Mining Tenement.
The new tenure significantly de-risks the project by resolving critical land access and native title requirements, and opens scope to expand into a northern mineralised corridor that hosts untested high-grade historical drill intercepts. Under an existing Right to Mine arrangement, MEGA Resources will fund up to $10 million in initial development and working capital while overseeing all project permitting, positioning Yarri for an accelerated path toward production and potential value uplift for stakeholders.
More about Nelson Resources Ltd.
Nelson Resources Ltd. is an Australian gold exploration and development company listed on the ASX, focused on advancing its Yarri Gold Project in Western Australia. The project is located northeast of Kalgoorlie and is being progressed under a Right to Mine agreement with Goldfields mining services provider MEGA Resources, which will manage permitting and approvals.
Current Market Cap: A$10.95M
For an in-depth examination of NES stock, go to TipRanks’ Overview page.