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Nex Metals Explorations Ltd ( (AU:NME) ) has shared an announcement.
Nex Metals Explorations has commenced a structured metallurgical test work program at its Kookynie Tailings Project, aiming to refine the processing flowsheet, confirm gold grades and identify other minerals or deleterious substances. The work, being undertaken at ALS Metallurgy using 50-kilogram samples from key tailings dumps, is expected to guide the May 2026 drilling campaign and keep the company on track for an October 2026 program completion.
The company reports that existing processing equipment owned by Nex Metals and Wangkatja Tjungukla Aboriginal Corporation appears well-suited to the proposed flowsheet, supporting a low-capital, in-house beneficiation strategy rather than third-party toll treatment. WTAC highlights that the project offers meaningful economic benefits for Nyalpa Pirniku people and commits to restoring the site to above-standard condition, reinforcing both partners’ focus on sustainable development and long-term collaboration.
More about Nex Metals Explorations Ltd
Nex Metals Explorations Ltd is an ASX-listed gold project explorer and developer focused on advancing the Kookynie Tailings Project in Western Australia. The company is working in partnership with the Wangkatja Tjungukla Aboriginal Corporation under an Empowerment Profit Sharing and Rehabilitation Agreement to develop low-cost, capital-light gold production while supporting local Indigenous economic participation and site rehabilitation.
Average Trading Volume: 128,819
Technical Sentiment Signal: Sell
Current Market Cap: A$6.04M
For a thorough assessment of NME stock, go to TipRanks’ Stock Analysis page.