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Nex Metals Explorations Ltd ( (AU:NME) ) has provided an announcement.
Nex Metals Explorations Ltd has signed a significant agreement with the Wangkatja Tjungula Aboriginal Corporation, representing the Nyalpa Pirniku people, to share profits from the re-processing of mine tailings at the Kookynie Gold Project. The agreement includes a 35% profit share for WTAC and emphasizes cultural stewardship, environmental excellence, and local employment. This partnership is designed to align economic outcomes with cultural values, enhance ESG leadership, and improve resource efficiency by unlocking gold value from waste streams without new disturbances. The collaboration also includes commitments to cultural heritage surveys, skills transfer programs, and comprehensive site rehabilitation, aiming to foster an equitable economic partnership and provide training and employment opportunities for WTAC members.
More about Nex Metals Explorations Ltd
Nex Metals Explorations Ltd is a company involved in the mining industry, focusing on the re-processing of historical mine tailings, particularly at the Kookynie Gold Project. The company emphasizes commercial success while respecting cultural heritage and building capacity, reflecting a commitment to the traditional custodians of the land.
Average Trading Volume: 140,382
Technical Sentiment Signal: Sell
Current Market Cap: A$7.38M
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