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The latest announcement is out from Nex Metals Explorations Ltd ( (AU:NME) ).
Nex Metals Explorations Ltd has outlined a strategic reshaping of its portfolio in its Q2 FY26 update, confirming non-binding talks to divest its 20% interest in the Arika Joint Venture’s Yundamindra and Kookynie gold projects to potentially crystallise value amid strong market interest in gold assets. The company is pushing ahead with the Kookynie Gold Tailings project under a profit-sharing arrangement with Wangkatja Tjungula Aboriginal Corporation, setting a 2026 development schedule, advancing metallurgical test work, and weighing toll processing versus upgrading its own capital-light processing flowsheet, with development expected to be funded through a mix of debt and possible proceeds from the Arika JV sale. Nex Metals has also signed a broader Memorandum of Understanding with WTAC to explore additional project development and operator roles with profit-sharing structures in Western Australia, while it evaluates near-term, low-capex gold production opportunities and exploration potential in Egypt’s Eastern Desert, alongside ongoing review of further gold project acquisitions in WA to complement its existing exploration portfolio.
The most recent analyst rating on (AU:NME) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Nex Metals Explorations Ltd stock, see the AU:NME Stock Forecast page.
More about Nex Metals Explorations Ltd
Nex Metals Explorations Ltd is an ASX-listed gold project explorer and developer focused on Western Australia’s goldfields, including the Kookynie and Yundamindra gold projects and the Kookynie Gold Tailings project. The company targets capital-light development pathways and profit-sharing partnerships, particularly with local Aboriginal corporations, while also assessing international opportunities such as Egypt’s under-explored Eastern Desert.
Average Trading Volume: 112,116
Technical Sentiment Signal: Sell
Current Market Cap: A$6.37M
For a thorough assessment of NME stock, go to TipRanks’ Stock Analysis page.